Woodleigh area came into ‘limelight’ with the successful launch of 8 @ Woodleigh by Fraser Centrepoint last year. 8 @ Woodleigh is 99 year leasehold development of 330 units, which was sold at an average of $770 to $1000 depending on the unit sizes.

Therefore Euro Asia Park, a freehold development located nearby at 25 Woodleigh Close, appears to be exceptionally attractive with its transaction price from $530 to $820 psf in the recent months. Same as the 8 @ Woodleigh, Euro-Asia Park is just minutes away from Woodleigh train station which is to be open in near future. With location just next to the new Stamford American International School (TOP in 2011), and close to Australian & French International School, it is set to be a place of great investment potential with nearby future Woodleight MRT Station and great demand for rental potential due to the nearby facilities.

Euro Asia Park is a condominium development, with full condo facilities such as swimming pool, BBQ area, gym, tennis court, and a playground. Completed in 1996, it is still considered pretty well maintained. Residents can get their necessities at the neighbouring estate’s market in Potong Pasir and food centre. The PH Bro Driving Range is a stone’s throw away. For vehicle owners, getting to the business hub and the buzzing Orchard Road shopping district takes about 10-15 minutes, via Central Expressway.

The development has 2 to 4 bedrooms unit types. Since it was constructed back in the 1990s, the design of living room and bedrooms come relatively spacious. The areas for the unit ranges from 760 sf to over 2000 sf. As usual, the smaller units are transacted at more than $800 psf recently while the biggest unit as long as $530 psf.

There are some units still going for relatively attractive prices. It is especially for the stretch of units facing the Parc Mondrian development which is under construction. Understanbly, the units are still going for as low as below $750 psf since the views will be blocked by the up and coming Parc Mondrian. However even after discounting the negative factors, I personally think most of the units are going for good prices with the adjacent development shouting over $1000 for resale transaction.

I love the existing ambience of Euro Asia Park, nestled in the green and quietness. However be prepared this is to be gone soon with the completion of the international schools and more than few hundreds units completed from Parc Mondrian and 8@ Woodleigh. Not to forget to mention its close neighbour, Blossoms @ Woodleigh, which was beautifully constructed with 240 units. However the transaction prices are higher, which are closer to a $1000 psf for its new development with fully equipped facilities.

Let’s take a closer look at the Euro Asia Park Transaction:

As same as the Singapore property index, the Euro Asia Park is in an upward trend however the increase in transaction prices has been very gradual.

I also append herewith a comparison table for the nearby development for you quick review:

Currently I have 1 listing under Euro Asia Park going for $712 psf, which should be considered a good bargain in an area close to town and sitting next to a MRT to be open soon in future. Give me a call early so I can try to squeeze in the viewings by this weekend: )

On last note to add: I love ‘older development’ because it does away the planter boxes and bay window features. Therefore the built in area you buy will be the actual unit size you get. That’s why all of the older resale units all appear more spacious in the same area in comparison to a new project.

 Do tell me how you think of this “Featured Property of the Week”…. And I will see how to improve the section:)