Property is an important investment, and when it comes to investing in property, you have a lot to think about. Woodlands has evolved into a town with extensive open spaces, meadows, parks, recreational facilities, and community gardens.
Before you make a decision about whether to invest in land or not, there are some questions you need to ask yourself before you make a commitment to buying a woodlands resale flat:
About Woodlands
Woodlands, Singapore’s northernmost suburb, connects the city to Johor Bahru, Malaysia’s southernmost metropolis (JB). Residents of this town would happily agree that the town’s proximity to JB makes a weekend escape a breeze. The status quo, which is now a calm HDB town with a significant level of business activity, is poised to alter in the next years as the building of Woodlands Regional Centre accelerates. The synergy created between Woodlands Regional Centre and Iskandar Malaysia can only be imagined.
Woodlands has a population of 242,900 HDB residents and around 61,989 HDB apartments. Greenwood Park, Midview, North Coast, Senoko West, Woodgrove, Woodlands East, Woodlands Regional Centre, Woodlands South, and Woodlands West are the nine subzones. The town center is Woodlands Square, although other neighborhood centers also have a range of commercial activity. Woodlands Civic Centre, located in the town center, is a one-stop service center that caters to the administrative requirements of inhabitants in the north. The Woodlands Regional Library and Causeway Point Shopping Centre are both nearby.
Are resale flats in Woodlands getting more expensive?
With this executive flat sale surpassing $1 million, it begs the issue of whether resale flats in Woodlands are becoming more costly. For starters, median resale price have been rising in recent years, and Woodlands is no exception.
The resale market’s performance in the foreseeable future remains to be seen. Due to labor and supply-chain bottlenecks during the peak of the epidemic, the resale price market experienced a surge in demand, causing significant delays in the building of new BTOs.
However, since the world has mostly moved on, one can fairly expect fewer delays in the building of new BTOs. With fresh BTO launches in hot spots like the Greater Southern Waterfront and Farrer Park, as well as concerns about growing living costs, new homeowners may be more hesitant to pay record resale price.
What makes Woodlands interesting?
Woodlands is a hive of activity, with the Woodlands Civic Centre serving as a one-stop service center for inhabitants in the north’s administrative requirements. The Woodlands Regional Library, one of Singapore’s largest neighborhood libraries, is also located here.
Causeway Point Shopping Centre, Republic Polytechnic, Innova Junior College, and the Singapore Sports School are among the other new constructions.
Why should you buy a Woodlands resale flat?
Recreational amenities may be found throughout the estates, particularly in parks. Sport fans frequent the multi-purpose Woodlands Stadium and the Woodlands Swimming Complex.
Causeway Point, one of Singapore’s major shopping malls, has 250 stores and eateries, making it a one-stop shop for inhabitants in the north’s food and retail requirements. The Woodlands Civic Centre is a designated location for locals to get education, public services, and other sorts of support. The complex features the four-story Woodlands Regional Library, as well as various banks, the Woodlands Branch of the Central Provident Fund (CPF), and educational institutions.
In comparison to other estates, land transportation throughout Woodlands is quite efficient, as seen by the abundance of well-maintained roads, which are a typical sight in Singapore. Twelve avenues support and assist circulate all of the town’s traffic, particularly the significant ones that originate from the expressways, such as Avenue 2, Avenue 3, and Avenue 7.
What Is Woodlands Long-Term Plan?
Woodlands is also one of the communities chosen for the Remaking Our Heartland program’s third round, with plans to expand recreational spaces along the Woodlands Waterfront. As Woodlands grows into a regional hub, its transportation infrastructure will improve, making commuting across the city easier and faster.
The Johor Bahru-Singapore Rapid Transit System, which would improve connectivity between Johor Bahru and Singapore, will have its Singapore terminus at Woodlands North. In addition, the upcoming Rapid Transit System (RTS) link between Singapore and Johor Bahru would be connected to the Thomson Line’s Woodlands North MRT station.
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