Parc Rosewood, located at Rosewood Drive, is one of the most affordable condominiums available in Singapore, with prices starting at $518,000 (as of April 2019). Developed by Kensington Land Pte Ltd, this 99-year leasehold property in District 25 is close to expressways, train stations, and a mix of primary to tertiary schools. It’s no wonder that the condominium was fully sold within 10 months. Let’s dive deeper into what this development has to offer.
4 Reasons Why Parc Rosewood Is an Ideal Family Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Parc Rosewood | 99-year leasehold | 2015 | 1-bedroom 2-bedroom 3-bedroom | 527 829 1,787 | $1,069 |
This 689-unit condominium not only has beautiful exteriors but interiors infused with resort-style vibes. Each apartment is equipped with fixtures from top-tier brands like Electrolux, Grohe, and Fascina.
Parc Rosewood is decked with wonderful facilities that will benefit you and your family. Take a dip on a sunny day in the spa pool with jacuzzi, hydrotherapy jet pool, and aromatherapy pool. Your kids can join in the fun too! They will definitely have a blast in the wading pool, splash corner, and kids’ adventure zone.
Stay active by swimming in the 50m lap pool, work out indoors in the gymnasium or outdoors at the jogging track, outdoor fitness garden, and tennis court. You don’t have to worry about places to chill anymore because there are plenty here! Take a breather at the cafe lounge, relaxation pavilion, lounge bar, chill out deck, and more.
2. Accessibility and Amenities
Woodlands MRT Station is 1.5km away from Parc Rosewood, so you can easily get there via a 15-minute bus ride. Connectivity will be a lot easier with upcoming train stations such as Woodlands South MRT Station that’s along the Thomson-East Coast Line (TEL). Other stations found on TEL are Woodlands and Woodlands North.
Major expressways such as SLE, BKE, and CTE are nearby, so travelling to the business hub or shopping district in the city would take approximately 30 minutes. If you need to shop for basic necessities, the closest supermarkets and shopping malls are Causeway Point, Vista Point, and 888 Plaza.
3. Schools and Healthcare
Parents, you can put your worries to rest when it comes to finding a school for your child. There’s a handful of schools found within the area, such as Innova Primary School, Fu Chun Secondary School, and Republic Polytechnic. Expat families, there are a few options for you too, with schools like Singapore American School, Kingston International School, and Furen International School.
Driving to the nearest healthcare institutions takes less than 20 minutes – Admiralty Medical Centre (10 minutes), Khoo Teck Puat Hospital (18 minutes), and Yishun Community Hospital (18 minutes). Khoo Teck Puat Hospital is a general acute care hospital while Yishun Community Hospital focuses on sub-acute, rehabilitative, dementia, and palliative care.
Soon, there will be a new hospital in Woodlands called The Woodlands Health Campus (WHC), set to be operational in 2022. It will be within walking distance from Woodlands South MRT Station.
4. Property Price
The price of Parc Rosewood two-bedroom unit in the past three years:
- January to December 2017 – up to $670,000
- January to December 2019 – up to $690,000
Since 2017, the property price at Parc Rosewood has been increasing. We can foresee the price rising over the years, thanks to upcoming developments like new community amenities and improved public transportation such as the Thomson-East Coast Line (TEL).
Does this sound like the perfect family home? Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!
Best Mortgage Rate Across All Banks for Parc Rosewood
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Parc Rosewood
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a three-bedroom unit at Parc Rosewood the price is at $690,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $15,300.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180,000 | 1% | $1,800 |
| On the second $180,000 | 2% | $3,600 |
| Next $330,000 | 3% | $9,900 |
| BSD Payable | $15,300 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for Parc Rosewood
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Parc Rosewood
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $690,000 |
|---|---|---|
| If Parc Rosewood is your second residential property | 12% | $82,800 |
| If Parc Rosewood is your third or subsequent residential property | 15% | $103,500 |
ABSD for Singapore Permanent Resident when Buying Parc Rosewood
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $690,000 |
|---|---|---|
| If Parc Rosewood is your first property | 5% | $34,500 |
| If Parc Rosewood is your second or subsequent residential property | 15% | $103,500 |
ABSD for Foreigners when Buying Parc Rosewood
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $690,000 |
|---|---|---|
| Foreigners buying any property | 20% | $138,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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