Forestwood Residences is a 99-years leasehold Serangoon Condo in District 19. It is under reserve list of the Government Land Sales programme and a developer has committed a minimum bid for the development. The total number of bids received for the tender is 11 and this indicates that there are great interest in the plum site despite market conditions. Analysts note the developers are keen to shore up their land banks due to the fact that there are now less sites available for sale and hence this plot of land managed to gather many interest among the developers.
City Developments Limited (CDL), the developer for the winning bid for the Lorong Lew Lian site is very experienced in developing new launch in the area as it is also the developer for neighbouring Bartley Ridge and Bartley Residences. Plans are underway for the landscape building of Forestwood Residences condo which includes a swimming pool for the residents to relax as well as a tennis court for some quality time with the family. There are also plans to include both an indoor and outdoor gym.
Forestwood Residences Serangoon Central
Residents for Forest wood Residences Lorong Lew Lian is now able to get some exercise at the comfort of their own homes. Due to the connectivity of the area as well as the extensive experience of CDL, this development in Lorong Lew Lian has been getting attention from many buyers. The location also is ideal due to the upcoming Bidadari region near Nex Shopping Centre. Sources indicate that Forestwood Residences will have around 500 units and the height restrictions currently at Serangoon would mean that the developer can only build up to 13 storeys high. Also, the land was launched for sale because there is a developer who has committed to a minimum bid of $250 million for the site and this land was therefore released for sale under the Government Land Sales programme in the reserve list site. Analyst see that this project will be very well received as it is located only 400m away from Serangoon MRT Interchange. The MRT on the circle line also leads directly to Bidadari estate which is the next up and coming residential cluster under the government Master Plan.
Nex Shopping Centre
Nex Shopping Mall is located a short walk away from Lorong Lew Lian New Launch. Many retail and F&B outlets are available at Nex Shopping Centre. There is even a public library right next to the development.
Forest Woods Residences Lorong Lew Lian is also next to Serangoon Bus Interchange which makes commuting to other parts of Singapore a breeze.
Amenities and transport options are aplenty near to Forestwood Residences CDL. Forest Woods Residences is located next to Nex Shopping centre as well as many of the eateries along Upper Serangoon Road. There is also a bus interchange next to the development and therefore traveling to and from the development is a breeze. It is noted that there are still unsold units in Bartley Ridge as well as High Park Residences but the developer is confident that this is the exact location that buyers are looking at. Also, the healthy take up rate of Botanique at Bartley and Bartley Ridge means that the location is highly desirable and it is only a matter of time before Forestwood Residences Condo is well received by potential buyers and investors. For parents who are looking for established academic institutions, the schools such as Yangzheng Primary School, Paya Lebar Methodist Girl’s School and Maris Stella High School are just a stone throw away.
The Bidadari Estate in Singapore will be developed into a new public estate where there will be more transport links to and from the estate to other parts of Singapore. In anticipation of more households in the area, there will be more amenities built to cater increase in Bidadari population.
This will be great benefits for Forestwood Residences City Developments Limited owners as Lorong Chuan is located very near to Bidadari and residents from the development will be able to enjoy these facilities at their leisure time.
Lorong Lew Lian Condo City Developments Limited (CDL)
The development connectivity is excellent as it is sitting on 14,001 sqm of prime land which is located at upper serangoon. Various shopping centres are available for the residents of Forestwood Residences and this including Nex Shopping Centre, Upper Serangoon Shopping Centre as well as Heartland Mall. Other places of interest available for the residents include Serangoon Stadium, Upper Serangoon Shopping Centre and Braddell Heights Community Club. With Bidadari estate coming up which is near to the development, analyst see great potential in the development.
Many academic institutions below are also just a short drive away from Forestwood Residences Serangoon Central. For example, Nanyang Junior College, St Gabriel’s Secondary School and Zhonghua Secondary School are around in the area
|Minutes walk to Serangoon MRT Station Interchange and Serangoon Bus Interchange.|
|Nex Shopping Centre just minutes walk away together with many of the eateries along Upper Serangoon Road.|
|Kovan Heartland Mall just a minute drive away|
|Very reputable developer with an established track record of many residential properties in Singapore.|
|Various layouts are available to suit to different lifestyle needs.|
|Full condominium facilities that cater to the family as well as your love ones.|
|Various established institutions are around in the vicinity including St Gabriel’s Secondary School, Paya Lebar Methodist Girl’s School as well as Maris Stella High School.|
|Competitive pricing in an established area.|
Nanyang Junior College
Previously known as Lorong Chuan Junior College, Nanyang Junior College is one of Singapore’s first Junior Colleges and is found way back in 1977. Nanyang Junior College place great emphasis on the Nanyang heritage as the name suggests the origins of Singapore which was built by immigrants from China, India and Malaysia.
NYJC also offers the Chinese Language Elective Programme that has so far produce many scholarships for potential candidates who are interested to pursue more in the Chinese language.
Forestwood Residences CDL
For car lovers, Lorong Lew Lian Forestwood Residences location is unparalleled as it is located right next to Upper Serangoon road. Access to Central Expressway (CTE) is very easy and there is not much time needed to navigate through the minor roads to the development. Many see this plot of land as better than Botanique at Bartley due to the fact that the location is better configured and the price will be slightly lower.
Chomp Chomp Food Centre
Chomp Chomp Food Centre is one of the classic hawker centres that is host to many of the signature singapore foods including Hai Nan Chicken Rice, Roti Prata and sugercane juice.
The food centre is only a short drive away from the development and therefore having a whole range of signature foods for supper is a breeze at Lor Lew Lian condo.
Based on the bid price for CDL on the project and the fact that there is no new launches in the immediate vicinity for a long time, analysts see a selling price of around $1,250psf – $1300psf. This is in line with selling prices of other new launches in the rest of Singapore and therefore this project will be well received.