Forest Woods CDL

[SGPropLaunch]

Forest Woods is an upcoming new condo in Serangoon, District 19. To be built by Singapore’s leading developers City Developments (CDL) unit Verwood Holdings, Intrepid Investments and TID Residential, the project will comprise of approximately 500 units into several towers that stands at 12 to 13 storeys high. Forestwood Residences TOP date is not yet firm but expected to be around mid of year 2019.

The 99-year-old lease site in Lorong Lew Lian attracted 11 hopeful bidders at the close tender on 5th November 2015. This hot contest is largely due to the exceptional Forest Woods location. Situated near the Serangoon MRT station which serving the Circle Line and North-East Line, also being right opposite the NEX shopping mall, which is a regional mall, it is no wonder that it attracted a relatively large number of bidders. On top of that, there are currently no other major condominium projects in the area, making it exclusive and limiting competition.

The new Lorong Lew Lian condo sits on about 150,700 square feet of land and has a maximum permissible gross floor area of about 452,138 square feet. With a winning bid of $321 million, the estimated breakeven price is about $1100 per square foot and hence the Forest Woods psf is anticipated to be in the range of between $1300 and $1350 per square foot.

The top bid by City Development is at nearly $710 per square foot per plot ratio, defeating the second best bid from UOL Venture Investments and Singland Homes of S$692 per square foot per plot ratio by just 2.6 per cent. Judging from the land cost, construction and other miscellaneous cost, the Forest Woods price might be starting from approximately $6xxK but yet to be firm.

Please kindly fill in the Contact Us form or Call us @ 6100 8987 to register for an appointment to view the Forest Woods showflat NOW!

[CSH]

Update on this Forest Woods condo:
The 1 & 2 bedroom units are sold out, mostly at the balloting Preview day itself. The cheapest units as at this point are 2 + Study units. Just 3 of these left, ranging from $900K - $998K.

The developer is offering a choice of 2 colour schemes, the more traditional warm scheme (more beigy), and a contemporary cool scheme (slightly more greyish). The Forest Woods showflat shows both schemes: the 2 bedroom unit shows the cool scheme, and the 3 bedroom unit showcases the warm scheme.

The cool scheme is more modern, but the warm scheme is classic and will not date much over time.

What is also interesting is that, instead of the standard laminate floor for bedrooms, there is a choice of either wood-lookalike vinyl, or wood-lookalike ceramic tiles. And it does look like wood, but will be easier to maintain and is more durable than laminate.