Public Auction for Parc Rosewood Unit at $1.08 mil

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A 1,335 sq feet, two-bedroom penthouse unit in Parc Rosewood, together Rosewood Drive at Woodlands, will soon be set up for auction on Jan 21 at a direct price of $1.08 million ($809 psf), based on Edmund Tie, which will be managing the auction.

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The fifth-floor penthouse has 2 degrees, also overlooks the greenery of the Mandai region, states Joy Tan, head of sales and auction in Edmund Tie. “The scenic unobstructed view is quite uncommon in Singapore and provides the residents peace and respite from your hectic lifestyle,” she adds.

Prospective citizens would also have the ability to appreciate their own private jacuzzi in the roof patio with unblocked views of the greenery,” she states.

According to documents logged together with the URA, units in the development with dimensions of 1,300 to 1,400 sq feet can fetch rents of $2,200 per month. Lease income can come from tenants operating in the local Singapore American School, the Woodlands Industrial Estate or the near future Mandai eco-tourism hub, says Tan.

Finished in 2014, Parc Rosewood is a 99-year leasehold advancement in District 25 containing 689 units. It sits on a massive website of 294,716 sq feet, she states, allowing for complete amenities and many swimming pools to be spread out between the home blocks.

Thus far, the land has drawn attention from couples and singles that are searching for a house away from the hustle and bustle of town life,” says Tan. She adds it is convenient since there’s a bus stop directly outside Parc Rosewood that attracts residents to Woodlands Central or straight to city.

Meanwhile, prospective investors that are eager to spend in Parc Rosewood may be”attracted to the possible catchment of renters and potential capital appreciation, when the local Mandai eco-tourism hub is up and running and opened to the public”, notes Tan.