A residential land parcel at Woodlands Avenue 2 / Rosewood Drive has been sold to Fragrance Group Limited and Aspial Corporation Ltd.
The companies jointly offered the highest bid of S$151.5 million (S$3,952.21 psm) during the public tender that closed on 7 June 2011.
Zoned for residential development, the 99-year leasehold site has a total land area of 27,380.2 sq m and a maximum permissible gross floor area (GFA) of 38,333 sq m. It is estimated to fetch around 390 housing units.
The site is strategically located opposite the Singapore Sports School and Innova Junior College and is adjacent to Rosewood Suites condominium. It is a 15-minute walk from Woodlands MRT station and Causeway Point, a mega shopping mall.
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