Corporate buyers made up 65% of sales.
Far East Organization’s integrated commercial development Woods Square is selling like hot cakes with 50% of the 124 office units released since its preview in end July now sold-to-date.
Corporate buyers made up 65% of sales of the development located in the Woodlands Regional Centre, dubbed as the Northern Gateway of Singapore. They are mainly entrepreneurs, business owners and professionals offering services from construction, manufacturing, trading, legal and the creative industries.
Unit prices ranged from $1,700 to $2,230 psf. Listed prices start from $970,000 for a 506 sq ft Small Office Loft Office (SOLO) unit.
Ms Shaw Lay See, Chief Operating Officer for Property Sales Business Group, Far East Organization said: “Most of the buyers are SMEs located within the Woodlands area. They see the benefit of having a separate office close to their manufacturing operations. With Woodlands designated as the next regional centre, these buyers are also confident of the government’s plan to transform Woodlands into a key commercial cluster in the North, similar to Tampines in the East and Jurong in the West, and one that is well-connected to different parts of Singapore and Malaysia.”
When completed in 2021, Far East Organization will be a major occupier at Woods Square taking up 70,000 sq ft of space spread over three and half floors within Tower 2. This will be the first time the Organization’s satellite operations are brought together within one development.
Designed for the modern workplace, Woods Square offers 365 office units in Tower 1 ranging in size from 549 sq ft to 5,339 sq ft. In addition, it will also have two SOLO blocks with 101 units. Both Tower 1 and the SOLO blocks are for sale. Tower 2 has been set aside for lease.
SOLO sizes range from 495 sq ft to 1,808 sq ft with every unit offering a high floor-to-floor height of 5m and platform furniture.
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