1 The Singapore Land Authority (SLA), has launched for sale today, a parcel of land for a residential development at Woodlands Avenue 2/Rosewood Drive. "Rosewood at Woodlands: Where the Good Life Blooms", has a land area of 16,000 sq m or 172,223 square feet with a gross plot ratio of 1.4. The successful tenderer can potentially build a condominium of up to five storeys with a Gross Floor Area (GFA) of 22,400 sqm or 241,112 square feet.

2 Rosewood at Woodlands is easily accessible from the Seletar Expressway and close to the Woodlands MRT station and bus interchange. The site is also close to social amenities such as the Woodlands Regional Library, Woodlands Sports Hall, Woodlands Swimming Complex, Woodlands Civic Centre, as well as shopping malls - Causeway Point, Woodlands North Plaza and 888 Plaza.

3 It is also within close proximity of established educational institutions such as the Singapore Sports School, Singapore American School, Innova Junior College, Si Ling Primary School and Republic Polytechnic. The completed development is expected to attract HDB up-graders in the Woodlands and Sembawang areas and cater to the expatriate community.

4. SLA, as the Government land sales agent, has prepared the site for sale under the confirmed list system and appointed international property consultant, Colliers International, to provide marketing services for the sale of the residential site.

5 According to recent media reports, rents in the Woodlands and Mandai area have surged between 25% and 30% in the 3rd quarter of 2007, recording one of the highest growth rates. This is due largely to the Singapore American School being located within the area. Property consultants like Colliers, had also commented that expatriates are prepared to pay a premium to stay near international schools. Hence, suburban and outlying areas like Woodlands are drawing strong interest.

6 More details and the confirmed list system are available at www.colliers.com/singapore. The location map and an aerial photo of the site can be found at Annex A and Annex B respectively.

7 The tender for condominium will remain open for 4 weeks and close on 20 November 2007. Information of the sale has been published on Gebiz. More information can be found in the developer’s packet. They can be purchased at $100 (inclusive of Goods and Services Tax) from Colliers International (Singapore) Pte Ltd at 50 Raffles Place #18-01 Singapore Land Tower, Singapore 048623, from Monday to Friday between 9am and 6pm.

-End-

Attachments
Annex A – Location map
Annex B – Aerial photo of site

Issued by:
The Singapore Land Authority
23 October 2007