Forest Woods Price & PSF – Attractively Price-to-sell, from $13xx PSF!
Forest Woods Price
Forest Woods price is anticipated to be affordable in order to attract more potential buyers, in consideration of current market situation with cooling measures such as Total Debt Servicing Ration (TDSR) and Additional Buyer Stamp Duty (ABSD). Having said that, based on the article below, this plum site at Lorong Lew Lian had attracted 11 bids, with City Developments and joint venture partners Hong Leong Holdings and TID Pte Ltd winning the top bid, followed by the consortium of SingLand Homes and UOL Venture Investments. Judging from the number of bids, we can understand that this is a highly sought after location as it is only less than 5 minutes walk to Serangoon MRT interchange station.
The winning bid is $321 million, which translates to about $710 per square foot per plot ratio. Based on this bided price, Forest Woods price is expected to launch starting from $13xxpsf, with a breakeven price of $1200psf. This pricing is quite in line or slightly cheaper than Stars of Kovan, with an average sales price of $1450psf.
Preview Price Guide: From $13xx psf
1+Study (506 – 517 sqft) from $688k
2 Bedroom (603 – 818 sqft) from $838k
2 + Study (635 – 786 sqft) from $878k
2 Bedroom Premium (721 – 904 sqft) from 998k
3 Bedroom (743 – 1130 sqft) from $1.1m
3 Bedroom Premium (969 – 1184 sqft) from $1.32m
4 Bedroom (1238 – 1475 sqft) from $1.65m
Forest Woods Price Comparative Market Analysis
Based on the comparative market analysis, Forest Woods price should be similar to Stars of Kovan and Trilive, which are the existing new launches in District 19 which are still selling consistently. Whether this new launch can achieve more than 40% of its total units will be generally down to it absolute price. Expect price to start from slightly below $700k for the 1+study bedroom.