SP Setia’s maiden S’pore project completed ahead of schedule

18 Woodsville has a GDV of S$120mil.

KUALA LUMPUR: SP Setia’s maiden development in Singapore, 18 Woodsville, has been completed two months ahead of schedule.

The property developer said in a statement that owners of apartments in the 15-storey building with a gross development value (GDV) of S$120mil (RM336.5mil) were now being invited to collect the keys to their units.

18 Woodsville is a freehold development comprising 101 units of 1-, 2- and 3-bedroom apartments. The development is located next to the Potong Pasir MRT station and easily accessible via the Pan-Island Expressway (PIE), Central Expressway (CTE) and Kallang Paya-Lebar Expressway (KPE).

Another project that stays true to SP Setia’s development philosophy of “Live Learn Work Play”, 18 Woodsville offers buyers three different levels of recreational zones and efficient unit layouts. The development’s recreational facilities include infinity pool, gymnasium, Treehouse playground, Teppanyaki kitchen and halo swings.

SP Setia’s acting president and chief executive officer Datuk Khor Chap Jen said: “We are excited that 18 Woodsville which is our maiden project in Singapore obtained temporary occupation permit (TOP) ahead of schedule and at the same time we are still able to deliver quality to our customers. It is a testimony of our group’s successes in overseas markets.”

SP Setia has a second development in Singapore called Eco Sanctuary which is located along Chestnut Avenue. Comprising 483 units, Eco Sanctuary is close to the future Downtown Line Cashew Station. 

Inspired by nature, Eco Sanctuary embodies living experience beyond bricks and mortar. Residents will be able to enjoy a park where they can cycle, exercise, workout and take a stroll.

As of April 30, the SP Setia group has 30 ongoing projects, with an effective stake of 4,198.35 acres in undeveloped land bank remaining and RM71.27bil in GDV.