Woodlands EC Price Analysis
Detailed estimates for the upcoming Woodlands Drive 17 projects based on recent land bids.
With the awards of Parcels A and B at Woodlands Drive 17, market analysts have been closely projecting the eventual launch prices. The record-breaking bids reflect developer confidence in the "Northern Gateway" transformation.
Land Bid Summary
Official results from the Government Land Sales (GLS) program.
| Parcel | Developer | Land Cost (PSF PPR) |
|---|---|---|
| Parcel A | CDL | $782 |
| Parcel B | Sim Lian | $794 |
Estimated PSF
$1,800 - $1,950
Based on current construction costs and profit margins.
3-Bedroom Quantum
From ~$1.5M
Estimated entry-level price for a 3-bedroom unit.
Factors Influencing Pricing
- MRT Proximity: Being within 5 minutes of Woodlands South MRT commands a premium.
- Developer Reputation: CDL is known for high-end luxury, while Sim Lian is praised for efficiency and value.
- High Demand: A nearly 10-year drought of ECs in Woodlands ensures competitive bidding.