Are you considering buying a freehold property in Bukit Timah? Consider Maple Woods a condominium developed by one of the region’s leading property and lifestyle companies, Wing Tai Holdings Limited. It comprises 697 residential units across 10-storey buildings. You can look forward to several perks to living here, including its strategic location near Central Singapore. Let’s find out more.
4 Reasons Why Maple Woods Is an Ideal Home:
1. Specifications and Perks for Own Stay
| Project Name | District/Region | Tenure | TOP | Unit Type | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|---|
| Maple Woods | 21 / OCR | Freehold | 1997 | 2-bedroom 3-bedroom 4-bedroom 5-bedroom |
1,066 1,507 2,702 2,971 |
$1,546 |
For those who love spacious units, Maplewoods is the home for you. From two-bedroom apartments that go up to 1,066 sqft to 5-bedroom units of 2,971 sqft, there’s ample room for everyone in the family. The development is filled with trees, giving off tropical paradise vibes to delight any nature lover.
Missing something from the supermarket? Fret not, as there’s a convenience store and a gift shop located within the condominium itself. There’s also a restaurant for those who don’t have time to cook up a meal. If that’s not enough to impress you, there’s even a massage parlour if you’re in need of some self-care.
Start your day right at the gymnasium or with some laps at the swimming pool. Other spots for exercising include four tennis courts, squash courts, outdoor fitness stations, and a basketball court which can also be a street soccer court. Your kids will also have an active lifestyle as there is a children’s pool and a playground. Love hosting gatherings? There’s a function room, an open patio, and outdoor barbeque pits.
2. Accessibility, Amenities, and Recreational Spots
Don’t be fooled by the sound of the location. Maple Woods at Bukit Timah may sound remote because of its proximity to landed properties, but it is only a four-minute walk to King Albert Park MRT Station. If you go via to Bukit Timah Road, you can drive to the Central Business District in 19 minutes and Orchard Road in 12 minutes.
From Maple Woods, you can reach these retail centres by foot: Cold Storage Sime Darby (600m, 7-min walk), Sime Darby Center (600m, 7-min walk), and KAP Shopping Mall (750m, 9-min walk). Several malls and supermarkets are also within a short drive (10 minutes or less), including Bukit Timah Plaza, Cold Storage Guthrie House, Coronation Plaza, Bukit Timah Shopping Centre, Beauty World Centre, Beauty World Plaza, and The Grandstand.
Bukit Timah Nature Park
Maple Woods is near Bukit Timah Nature Reserve, where you can find Singapore’s highest hill, Bukit Timah Hill. Why not challenge yourself to trek up its 163-metre-high slopes? Prefer to be on wheels? There are also demarcated biking routes you can follow. Other recreational activities you can engage in nearby include axe-throwing, cricket, golf, paintball, and futsal.
3. Education and Healthcare
Maple Woods is close to plenty of schools, including several which are well-known. You can find three childcare centres and two schools (Methodist Girls’ School, Primary and Secondary) within a 500m radius. Other nearby schools include: Raffles Girls’ Primary School, Henry Park Primary School, Hwa Chong Institution, Ngee Ann Polytechnic, and Singapore University of Social Sciences.
Need to see a doctor? Driving to these healthcare institutions takes less than 10 minutes: Concord International Hospital, Alexandra Hospital, and National University Hospital.
4. Property Price and Future Developments
The price of a three-bedroom apartment (1,335 sqft) on Maple Woods’ low-level floor in the past three years:
- January to December 2017 – up to $2,000,000
- January to December 2018 – up to $2,080,000
- January to December 2019 – up to $2,100,000
Since 2017, property rental prices at Maple Woods have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like new amenities, community spaces, improved connectivity, and recreational facilities.
Is Maple Woods the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for Maple Woods
Talk to our mortgage brokers with over 30 years of experience, guaranteed to get you the best home loan rate across all banks in Singapore. 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 Maple Woods
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 Maple Woods the price is at $2,100,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $68,600.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $1,100,000 | 4% | $44,000 |
| BSD Payable | $68,600 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Maple Woods
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 Maple Woods
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,100,000 |
|---|---|---|
| If Maple Woods is your second residential property | 12% | $252,000 |
| If Maple Woods is your third or subsequent residential property | 15% | $315,000 |
ABSD for Singapore Permanent Resident when Buying Maple Woods
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,100,000 |
|---|---|---|
| If Maple Woods is your first property | 5% | $105,000 |
| If Maple Woods is your second or subsequent residential property | 15% | $315,000 |
ABSD for Foreigners when Buying Maple Woods
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $2,100,000 |
|---|---|---|
| Foreigners buying any property | 20% | $420,000 |
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.
Buy your dream home at $0 agent fee!
