Park Colonial & Stirling Residences Review, Which to go?

Project Analysis: (2 bedroom)

Stirling Residences is a new luxury condominium at the highly sought-after District 3, within 3 minutes walk to Queenstown MRT station. Situated right behind Queens condominium, Stirling Residences enjoy the best of both worlds – The convenience of being close to a MRT station as well as the luxury of a serene living environment.

Average price for units in Phase I are estimated between 1600-1800psf. Stirling Residences looks well positioned as compared to its nearby two developments, Queens peak and Commonwealth Towers. The location is superior, as it’s further away from the MRT noise, and yet the price remains competitive on both psf or quantum basis. Also for buyers who are looking into queenstown area, doesn’t really have much choice. All 2-bedrooms in Queens peak have been fully sold by now, and Commonwealth towers can only get from the sub-sale market with price starting from 1.3M onwards.

Park Colonial, an 805-unit private residential project along Woodleigh Lane in District 13. The 99-year leasehold colonial-themed condominium in the city fringe is being developed by a consortium led by Chip Eng Seng’s property arm CEL Development.

The development is situated in a prime location, right next to Woodleigh MRT station and adjacent to the up-and-coming Bidadari town. There will be many amenities coming up in the next few years, including a brand new shopping mall just across the road.

Average prices for units in Phase I are between $1,600 and $1,700 psf, with the entire project averaging around $1,700 to $1,800 psf. In comparison with 2 nearby developments, 8@ woodleigh & Sennett Residence, the price appears to be slightly at the high side.

However, looking ahead, Woodleigh Residences (cross the road) is likely to be priced between $1900-2000 range. Park Colonial buyers, if can get a unit below $1700psf, will stand a chance to gain a good margin compared to it’s future neighbors.

Conclusion:

My personal preference will be Stirling Residences over Park Colonial. As the price looks competitive and in-line with the current market range. And In terms of location, it’s also nearer to town.

However, for buyers who are within tight budget of below $1M, Park Colonial seems to be one of the only few options you could get in the city fringe locations and right next to the MRT.