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Here's what drives strong demand for CityDev's Forest Woods

Singapore Business Review

It has already sold 65% of its units.

Throngs of home seekers crowded City Developments Ltd. (CDL)'s recent launching of Forest Woods, and they already snapped up 65% of the total available units at the newly launched project.

CDL Group General Manager Chia Ngiang Hong said it has already sold 337 units of the 516 total units at the Forest Woods since October 8.

“We are very encouraged by the strong response and demand for Forest Woods. Units sold have achieved an average pricing of S$1,400 psf on its first weekend launch,” he said.

He added, “The overwhelming response can be attributed to the right mix of prime location, unique features, attractive pricing and great value.”

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Around 88% of the buyers are Singaporeans while the remaining 12% included permanent residents and foreigners from neighboring countries.

To recall, Forest Woods is five-minutes stroll away from Serangoon MRT Interchange, which connects to the North-East and Circle Lines, Serangoon bus interchange and Nex Shopping Mall.

More so, it provides unique facilities such as a three-level clubhouse with a 24-hour indoor gym, a 150-metre adventure zone, and a 75-metre pool.

Chia claimed that buyers were also attracted to the flexible layouts, quality finishes, and the smart home technology offerings.

“Many units bought were for owner occupation as they like the superb location and the project’s strong attributes and offerings. Due to the limited supply of new projects in this prime location, investors also bought Forest Woods in anticipation of good rental demand,” Chia explained.



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