Questions & Answers

Q: Do you have Town and Country Planning Division approval?

A: Full Planning permission has been granted by Town and Country Planning Division, by Certificate No. T2E:0494/2007

Q: How many parcels of are available?

A: There are currently ten available.

Q:What are the cost of parcels?

A: Parcels are currently being sold at price of $80 per sq. ft.

Q:What is the conversion between sq meters and sq feet?

A: 1 meter sq = 10.764 sq ft.

Q:What is the size of parcels?

A: Parcels are a minimum of 10 000 sq ft with largest just over 12 000 sq ft.

Q:Can parcels be sub-divided?

A:No, the minimum size that can be sold is 10 000 sq ft.

Q:Are the parcels freehold or leasehold?

A: Parcels are leasehold for a lease period of 999 years.

Q:What is the estimated completion date of Woodridge Park?

A: The estimated date for completion is Dec 2015.

Q: Is a site visit possible?

A: Yes please email: wpinquiry@outlook.com to schedule a site visit.

Q:Will an owners' association be set up?

A: Yes, this will be stated in your Deed of Lease and known as Woodridge Park Estates Ltd.

Q:What is the purpose of this company?

A:The company (WPEL) will oversee management of Woodridge Park.

Q:Who is the developer?

A:The developer is Val Sales Limited.

Q:How is the project being financed?

A:The project is fully financed by a bank loan.

Q:Does the developer own the land?

A:Yes, the land is owned by Val Sales Ltd's Managing Director.

Q: What is the total size of Woodridge Park?

A: There are twenty-six parcels on an area of ten acres.

Q:Can a foreigner purchase land?

A:Foreigners are allowed to purchase property but they must apply for a license beforehand.

Q:Are legal documents available?

A:The Agreement for Sale and Deed of lease are available for download in the Q & A- Legal Section.