The site plan will be available soon and will be posted here.
Forestwood Residences is a real estate development located within District 19 of Singapore. The project was masterminded by City Developments Limited. The developers, CDL were sure that the project would be a success, which would provide a handsome return on their investment. They could justify that confidence by pointing towards the strong sales of similar condos in similar residential complexes over the last few years. CDL themselves have already completed similar projects and made a good profit despite uncertain economic times.
Forestwoods Serangoon CDL Lew Lian
In order to go ahead with the development of the Forestwood Residences, CDL had to win the 99 year lease from the Urban Redevelopment Authority. The company achieved this by placing the highest bid on the parcel of land located within the Serangoon Central area, at Lorong Lew Liang. When the company considered all the factors that could have an impact on the price and the strength of future sales of condos they decided there were few risks in going ahead with completing the residences project. Experience has shown that condos will sell strongly providing that they are of high enough quality, have a high standard of onsite facilities, and are close to local amenities, alongside established travel links. When the board of CDL discussed whether or not to bid for the land parcel the site at Lorong Lew Liang would have undoubtedly ticked all of the boxes.
Lew Lian CDL Forestwoods
The site of the Forestwood Residences does make the condos more appealing, and fact that the complex offers all the right factors for potential buyers should allow CDL to sell all the units without too much difficulty. With excellent education, shopping, work, and transport facilities close to hand the condos will appeal to both families and individuals in executive positions that do not have children yet.