FORETT AT BUKIT TIMAH CONDOMINIUM
This is a Review of Forett @ Bukit Timah. The Forett condo is a new freehold residential project along Toh Tuck Road, in the Upper Bukit Timah area. It sits within a largely private residential estate, comprised of a mixture of low to mid-rise condominiums and landed homes.
Note: This is NOT an advertisement for sale.
This low-rise character, set as it is against the backdrop of the nature reserves and greenery of Bukit Timah Hill nearby, gives an attractive laid back feel to the neighbourhood.
Unlike most landed housing enclaves however, this one is fairly convenient where amenities are concerned. The nearest entrance of Beauty World station on the Downtown MRT line is roughly 10 minutes walk from Forett @ Bukit Timah.
Around Beauty World are also clustered a number of old shophouses and shopping centres, that are prime candidates for rejuvenation. As well as a market, coffee shops, and an assortment of cafes and shops.
The Forett at Bukit Timah is being built on the land of the former freehold Goodluck Garden, that was sold collectively to the Qingjian Group of Companies.
According to Ian Loh, head of investment & capital markets at Knight Frank, the sale presented a “… rare opportunity to acquire one of the largest freehold, residential redevelopment sites within walking distance of an MRT station.”
The land parcel is slightly elevated, with a frontage of approximately 300 metres onto Toh Tuck Road. The wide expanse of grounds allows for more creative design and landscaping.
In the immediate vicinity, there are in fact two other condominium launches for sale currently as well, View at Kismis and Daintree Residence. But while similar in size, both of these are on 99-year leasehold tenures.
About the Forett Singapore Neighbourhood
Besides the not-commonly-available freehold tenure for such a land size near an MRT station, there were other factors that could have led to strong bidding by developers for this site.
One is its location. The part of upper Bukit Timah where the Forett condo is situated, though not in the top tier, still ranks as a pretty desirable residential estate.
Looking at it in context, this is really a city-fringe site, not too far from the city centre. It is five to ten minutes drive from the Jurong Lake District, and 25 minutes ride from the Central Business District.
In addition, Toh Tuck Road / Beauty World are just opposite the upscale Bukit Timah Road area, with its much higher price tags and its line-up of quality schools.
Over there we are faced with pricing in the $1,9xx to $2,3xx PSF range for places like the 99 year leasehold Mayfair Modern and Fourth Avenue Residences. Or around $2,7xx PSF for the freehold Leedon Green a couple of stations down.
The freehold Forett condo is unlikely to be priced anywhere near this. So by being prepared to go across Clementi Road, buyers could potentially save themselves a bundle.
Another factor could be the site’s proximity to centres of growth, such as at Tengah and Jurong, based on the URA Master Plan. There are also development plans for the Beauty World area itself. Starting with a land parcel for a integrated hub development in URA’s upcoming 2020 first half GLS Programme.
With its almost old town ambience, this neighbourhood could appeal to some groups of buyers. Like expatriates and millenials.
Forett @ Bukit Timah is also within easy travel of several well-known educational institutions and international schools, down Bukit Timah Road and the Downtown MRT line.
With its elevated site, higher floor units could get quite wide views around. Some might even be able to view bits of the Bukit Timah Nature Hill and Reserve. This reserve is one of the very few of our patches of primary rainforest, and is part of Singapore’s Central Water Catchment area.
If your preference is for a freehold site within walking distance of an MRT station, and in a low-rise neighbourhood within a landed estate, then this Forett condo at Bukit Timah could suit you. Especially if you like a place with more character and greenery.
Just drop us a line in the Contact Form below, and we will keep you updated on the floor plans, pricing, launch schedule and other details.
Register interest or request details here.
|Name||Forett @ Bukit Timah|
|Status||Condominium (Foreigners eligible to buy)|
|Address||32 – 46 Toh Tuck Road Singapore 596710 – 596721|
|Site Area||33,457.2 m² (360,133 sq ft)|
|Floor Area||46,840.08 m² (504,186 sq ft)|
|No. of Storeys||5 / 9 storeys|
|No. of Units||633|
FORETT AT BUKIT TIMAH FLOOR PLANS
The Forett @ Bukit Timah floor plans are pending finalisation for sale. Please drop us a line via the Contact Form if you would like the Forett condo floor plans emailed to you once ready.
The apartments here range from one bedroom + study to 5 bedroom unit types. Ground and top floor units are designed with extra high ceilings, that enhances the sense of space.
FORETT @ BUKIT TIMAH SITE PLAN
The Forett condo site is a good mid-size, spanning over 360,000 sq ft. It is an irregular shaped land parcel, that is conducive to an organic free-flowing site layout.
The longest boundary, about 300 metres of it, fronts south and south-east onto Toh Tuck Road. Across that are 5-storey high projects like The Creek @ Bukit, Nottinghill Suites, and Beverly.
Behind, to the north and north-west of the Forett @ Bt Timah site, is the mid-rise 8-storey high Signature Park. That might help to partly shield any of the Forett condo units facing westwards, from the afternoon sun.
While to the north-east are some low-rise, mainly 2-storey high landed houses. Incidentally it is also in this direction that the Hindhede Nature Park & Bukit Timah Nature Reserve are located.
Hence this project is basically backed against other low to mid-rise residential developments, and fronting onto the two-lane Toh Tuck Road. Which makes for a relatively peaceful and calm environment within, away from crowds or heavy traffic.
FORETT AT BUKIT TIMAH SHOWFLAT · VIEWING
The Forett @ Bukit Timah showflat is not ready for viewing yet. Please drop us a note via the Contact Form if you wish to be notified when the Forett condo showflat is scheduled for opening.
THE FORETT AT BUKIT TIMAH PRICES · UNIT TYPES
UNIT TYPES . SIZES
|Unit Description||Type||No. of
|Total Number of Units||633|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
FORETT CONDO PRICE RANGES
The Forett @ Bukit Timah condo pricing is still under deliberation. Please let us know via the Contact Form if you wish to be updated on the indicative pricing when available.
FORETT SINGAPORE PRICE BACKGROUND
Qingjian paid SGD$610 million for the Forett condo site on 7 March 2018, from the collective en bloc sale of Goodluck Garden.
With a site area of 33,457.2 square metres (about 360,130 sq ft) and allowable plot ratio of 1.4 for this low-rise neighbourhood, potential GFA (Gross Floor Area) comes to 46,840.08 square metres.
The purchase price thus equates to a land cost of roughly SGD$1,210 per square foot per plot ratio (PSF PPR). Due to its high development baseline, no Development Charge is payable.
After adding in development costs, inclusive of construction, financing, fees, overheads, and marketing, the breakeven to Qingjian could amount to perhaps $1,7xx per square foot.
The eventual selling price would depend on the margin that the developer decides.
However, both Daintree Residence and View at Kismis, the recent 99 year launches in the neighbourhood, are selling at about $1,6xx to $1,7xx PSF. Since freehold property typically commands a premium of around 20%, Forett @ Bukit Timah could still be competitive at a comfortable margin.
ABOUT THE DEVELOPER
Qingjian Realty Pte Ltd (“Qingjian”)
Qingjian Realty is the local Singapore arm of the Qingjian Group of Companies, a conglomerate spanning several business areas that include construction, real estate development, investment, logistics, and capital management.
Previous large scale projects that the parent group has handled include the 29th Olympic Sailing Centre, the Liuting International Airport, Hyatt Regency, and residential & commercial complexes in China.
Qingjian Realty itself has been responsible for several projects in Singapore, both commercial as well as residential, since 2008. It has produced places like Le Quest, a mixed development in Bukit Batok, Nin Residence at Potong Pasir, and River Isles in Punggol.
Qingjin has also been the most prolific EC developer around, having built a sizeable proportion of the executive condominiums in the last 8 years. Such as Bellewaters in Sengkang, Visionaire in Sembawang, Bellewoods in Woodlands, Ecopolitan in Punggol, and iNz Residence.
Qingjian Group (The Parent Company)
Qingjian Group Co. Ltd (CNQC) has been in operation since 1952. Its business focus is in areas like real estate development and investment, domestic and international construction projects, design consulting, logistics, and capital management.
With an annual output of over one million square metres, it ranks among the Top 500 real estate development conglomerates in China. It handles a range of building types in 10 cities across the country. From commercial and office buildings, to large residential complexes, including villas & apartments.
Since 1983, Qingjian Group has diversified overseas. Internationally it now operates in over 40 countries and regions, spanning Europe, America, Africa, Oceania, and Asia.
The Group has constructed several notable projects in these areas, such as the Government Building in Belsavat City (Israel), the CP3 Highway in the Philippines, the Singapore Chinese Cultural Center, and the Angolan Water Plant
FORETT AT BUKIT TIMAH LOCATION · FEATURES
Location. The Forett condo location is in a fairly well established residential neighbourhood off upper Bukit Timah, on the site of the former Goodluck Garden. This is a low-rise private housing estate across from the western end of the upmarket Bukit Timah area.
Nearest MRT Station. The closest entrance of the Beauty World MRT station is about 750 metres, or 10 minutes walk to the Forett condo location. This station on the Downline MRT Line goes down Bukit Timah Road, to Newton, Bugis, Bayfront, Chinatown, Fort Canning, and so on to Changi.
From Beauty World station and by changing trains at Newton, it takes about 20 minutes to get to Orchard Station. While to Bayfront / Marina Bay, it should take less than 25 minutes.
Shopping, Eateries, Supermarkets, Banks. A 5 minute walk down Toh Tuck Road takes residents to Jalan Jurong Kechil. Along this stretch on the way out to Beauty World station and Upper Bukit Timah Road, there are a couple of rows of shophouses fronting the road. These house cafes, F&B outlets, ice-cream joints, salons and spas, clinics, and car accessory shops.
And next to the station’s Exit C, is the Bukit Timah Market and Food Centre with over 80 hawker stalls, some of which are mentioned in food blogs.
There are some old shopping centres close by too. Within a 15 minute walk radius, one can find the Beauty World Centre and Bukit Timah Shopping Centre across from the MRT station, or Bukit Timah Plaza on the side nearer Clementi Road.
These offer a comprehensive range of shops and services, from cafes and fast food outlets to banks and clinics, supermarkets, salons, electronics and so on.
Schools & Educational Institutes. The Forett @ Bukit Timah location is within 1 km of two primary schools. Within walking distance to them actually. Roughly 6 minutes walk to Bukit Timah Primary, and less than 15 minutes to Pei Hwa Presbyterian Primary. The site is within a 2 km radius of Methodist Girl’s School as well, one train stop down.
The MRT line here also makes for easy access to the many well-established schools and educational institutes along Bukit Timah Road. Like Nanyang Girls’ High, Raffles Girls’ School, Hwa Chong Institution and High, the National Junior College, Singapore Chinese Girls, and Anglo-Chinese School (Barker Road).
Bukit Timah is also home to several international schools and institutes of higher learning. Names that come to mind include the Hollandse School, Singapore Korean International School, Chatsworth International (Bukit Timah Campus), Swiss School in Singapore, Ngee Ann Polytechnic, and NUS (Bukit Timah campus).
- Lifestyle Amenities. The Forett location should appeal to nature and outdoor lovers. It is in the vicinity of at least three nature parks: the Rifle Range Nature Park, Hindhede Nature Park and Bukit Timah Nature Reserve. These offer walking, hiking, and biking trails, or simply a patch of greenery for the less energetic.
- Accessibility. A 5 minute drive will take residents to the Pan Island Expressway exits, both eastwards to Changi, or westwards to Tuas. Via the expressways, from the Forett condo location to Changi Airport for instance, is a 25 minute drive. And about 25 minutes to Raffles Place / Marina Bay.
- 1 to 3 Mins Walk to MRT
- 10 to 12 Mins Walk to MRT
- 13 to 15 Mins Walk to MRT
- 16 to 18 Mins Walk to MRT
- 19 to 21 Mins Walk to MRT
- 22 to 24 Mins Walk to MRT
- 25 to 27 Mins Walk to MRT
- 28 to 30 Mins Walk to MRT
- 31 to 33 Mins Walk to MRT
- 34 to 36 Mins Walk to MRT
- 37 to 39 Mins Walk to MRT
- 4 to 6 Mins Walk to MRT
- 7 to 9 Mins Walk to MRT
- Deferred Payment Scheme
- Dual Key Units
- Luxury High-End Project
- Near Park / Nature Reserve
- Near Reservoir
- Near Shopping Mall
- Near Sports Complex
- Near to City
- Normal Payment Scheme
- Payment Scheme
- Prime District
- Progressive Payment Scheme
- Proximity to Primary School
- Sale by Private Treaty
- Sea / Water Views
- Special Discounts
- Special Features
- Star Buys
- Walk to MRT
- Within 1KM of Ai Tong Primary School
- Within 1KM of Anglo Chinese Primary School (Barker Road)
- Within 1KM of Catholic High
- Within 1KM of Cedar Girls Primary School
- Within 1KM of CHIJ Primary School (Toa Payoh)
- Within 1KM of Holy Innocents Primary School
- Within 1KM of Kong Hwa Primary School
- Within 1KM of Maris Stella
- Within 1km of Methodist Girls' Primary School
- Within 1KM of Nan Chiau Primary School
- Within 1KM of Nan Hua Primary School
- Within 1KM of Nanyang Primary School
- Within 1KM of Ngee Ann Primary School
- Within 1KM of Paya Lebar Methodist Girls' Primary School
- Within 1KM of Raffles Girls Primary School
- Within 1KM of River Valley Primary School
- Within 1KM of Rosyth Primary School
- Within 1KM of Singapore Chinese Girls' Primary School
- Within 1KM of SJI Junior
- Within 1KM of St Andrews Primary School
- Within 1KM of Tao Nan Primary School