Woodgrove Condominium

The ground under it was tendered in 1997. Both ends of that are public; nobody puts them together.

The land under Woodgrove Condominium

HDB put this parcel out to tender and names Woodgrove Condominium as what was built on it. Everything below is from that tender: the dates, the winning price, and the 7 bids that came in.

  1. Tender launched29 Nov 1996
  2. Tender closed16 Jan 19977 bids received
  3. Awarded17 Feb 1997Straits Construction Co Pte Ltd, Hoi Hup Realty Pte Ltd, Wong Swee Chun, Ng Keng Teong, Ong Cher Keong & Others
  4. Winning tenderS$61,300,000HDB publishes no gross floor area for this site, so a rate per square foot cannot be worked out from what is published
Parcel
Woodlands S3d Woodlands Avenue 1
Site area
26,993 sq m
Lease
99 yrs
Plot ratio
1.4
Gross floor area
Not published
Sold as
Condominium
Every bid — all 7, as HDB published them
Ranked by amount. The gap column is each bid measured against the winning one — subtraction, not a judgement about whether anyone bid well.
#TendererBidBehind the winner
1Straits Construction Co Pte Ltd / Hoi Hup Realty Pte Ltd / Wong Swee Chun / Ng Keng Teong / Ong Cher Keong & OthersS$61,300,000—
2Amazonite Land Pte LtdS$61,000,000S$300,000 · 0.5%
3Actbilt Pte LimitedS$60,280,000S$1,020,000 · 1.7%
4Winavic Investment Pte LtdS$60,180,000S$1,120,000 · 1.8%
5Teng Fuh Holdings Pte LtdS$44,686,170S$16,613,830 · 27.1%
6Yong Da Properties Pte LtdS$41,001,000S$20,299,000 · 33.1%
7Goodland Private Limited / Keck Seng Investments (Hong Kong) LimitedS$32,800,000S$28,500,000 · 46.5%

What the land cost and what a unit sells for are not two ends of one sum. Between them sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold units. None of those is published for a named project, so this site does not estimate a developer’s cost or margin and no figure here should be read as one.

Source: HDB — Sites Sold by HDB · tender awarded 17 Feb 1997 · transcribed from HDB’s published tables on 2026-08-31 · prices are nominal and are not adjusted for inflation. HDB names the development on this row as “Woodgrove Condominium”. This parcel, from tender to today · Every land sale

What has been filed there since

1997 · the groundS$61,300,000HDB publishes no gross floor area for this parcel, so no rate can be worked out
Today · the homes on it$968median of 33 filed transactions, 2021-09 to 2026-09

Year by year, for a median-sized unit

140–150 sqm band. Counts in brackets; a year with fewer than 3 filed sales is kept and marked rather than dropped, because a reader can discount a thin year and cannot discount one that was silently removed.
YearMedian psfAgainst the year before
2021$777 (3)—
2023$889 (2)+14.4%
2024$1,029 (3)+15.7%
2025$1,044 (1)+1.5%

The two ends of this page are not two ends of one sum. Between the tender and the first unit sold sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold stock. None of those is published for a named project, so nothing here estimates a developer’s cost or margin and no figure on this page should be read as one. Why that is refused.

The rest of it