Forest Woods Showflat Viewing Attracted 4,500 Groups and Families

forest woods preview

Forest Woods, which is being developed by CDL, Hong Leong Holdings and TID, opened for preview on September 24, 2016, and its showflat has since attracted “more than 4,500 groups of visitors and families”.
 
Competitive pricing and good location — two main factors that brought buyers out in force despite the fragile economic outlook. More than 500 people have submitted cheques as an expression of interest in the 519-unit Forest Woods in Lorong Lew Lian, City Developments (CDL).
 
Forest Woods is a 99-year leasehold and occupies a land size of about 150,711 square feet. It will stand tall at about 12 to 13 storey high. The condominium units that are of the higher level will have a far and fascinating views overlooking the stretch of low rise landed enclave.
 
The landscape concept is to offer a lifestyle that is to engage more with the nature. A living that is among the woods, celebrating the daily enjoyment together with the large range of native and exotic landscape. The development is more than a net for the buyers. It’s also a platform for the kids to grow up with the nature, a place that they call home.
 
The site planning concept of Forest Woods aims to create spaciousness within an odd-shaped site. In terms of the architectural design, the blocks are articulated by alternating frames and overlapping lines of varying depths, to create intertwining envelopes of overhanging ledges.
 
Analysts believe attractive prices and locations in established estates were the key lures for buyers. R’ST Research director Ong Kah Seng said the “vibrant mood” at the showflat highlighted optimism from buyers who are “highly selective but see good potential” in the project.
The project, which launches for sale this weekend, offers one-bedders with study to four-bedders and single-storey five-bedroom penthouses. Unit sizes range from 506 sq ft for a one-bedroom with study to 2,185 sq ft for the largest penthouse. Prices start at $688,000 for a one-bedder with study, $838,000 for a two-bedder, $1.1 million for a three-bedroom, and $1.65 million for a four-bedroom unit.
 
“The weak economic outlook actually makes real estate appear more attractive as an asset, as the forecast for equities, bonds and commodities appears worse.” However, Dr Lee noted that the potential hike in interest rates later this year may weaken sales volume.
 
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