Forett at Bukit Timah was purchased through a bulk sale by Chinese developer Qingjian Group. The purchase price of $ 610 million was $ 60 higher than the owner’s $ 550 million reserves. After the sale, each owner is expected to receive $ 924,000 to $ 3.51 million in revenue from the sale.
Forett at Bukit Timah bids are located in a parcel of approximately 360,130 square feet and began on January 26, 2018, and ended on March 7, 2018. This is after more than 80% of owners have accepted bulk sales.
The sale was challenged by a small number of seven owners who brought the matter to court on behalf of TSMP Law Corporation. In resolving the dispute, Judge Wu pointed out that Colliers International’s $ 542 million valuations of residential real estate were correct, 637 million, which was the basis for the $ 637 million valuations. He pointed out the valuation of the dollar’s Asian asset Colliers. The opponent was wrong. The judge dismissed the argument because the sharing of the sale of real estate was fair.
According to the 2014 Master Plan, Forett at Bukit Timah is zoned for residential use with a total plot ratio of about 1.4. The property’s selling price reflects a land rate of approximately $ 1,210 psf ppr based on a GFA of 504,182 sq ft. Considering that there is no development cost for the additional 10% bonus balcony area, the land price translates to $ 1,100 psf ppr.
There are 208 apartments and two business shops on the premises. Each apartment ranges from 1,023 sq ft to 1,959 sq ft. The store dimensions are 980 sq ft and 323 sq ft, respectively.
The Forett is located outside the upper part of Bukit Timah, a few minutes’ walk from Beauty World MRT Station. Enjoy the strategic position of being close to many schools and many other important services. Future residents will benefit from developments made by one of Singapore’s leading developers. Strategic location means that everything is close and offers unparalleled convenience.
The advantages of living at Forett at Bukit Timah, District 21, Singapore
Are you looking forward to your new home with exciting changes? If so, Singapore’s 21st District is a great place to stay. District 21, consisting of Upper Bukit Timah, focuses on education at some of Singapore’s best schools. For your family, it’s a great place to call home. However, District 21 is not only proud of its excellent schools but also has other facilities.
Bukit Timah’s Forett provides evidence of both worlds. You enjoy being close to CBD, spending a busy day at work and then returning to a quiet sanctuary. There are also many shops and restaurants nearby. The available shopping malls offer great entertainment to brighten your time outdoors. Living here means enjoying everything comfortably at your fingertips.
Here is a summary of what the exact location of District 21 has for you:
Located at Prime Location
The location of Forett in Bukit Timah is excellent, and there are many facilities nearby, in fact, more than you need. Shopping centres and schools are located near your future home in Bukit Timah’s Forett. Also, connectivity is not an issue here. This means that you can easily access nearby services without spending a lot of time travelling. The residents can benefit from Shopping malls here include the Bukit Timah Shopping Center, Bukit Timah Plaza and the World Center. Getting your essentials when you live here is not a problem.
The Central Business District is within a 20-minute drive from Forett at Bukit Timah. Residents working at CBD will appreciate the convenience of living here. The next development around the Jurong Lake area will increase the number of shopping malls, commercial offices and services in the area. This means greater benefits for the population.
Outstanding Connectivity
Living in the Forett at Bukit Timah gives you access to your neighbourhood and anywhere else in Singapore. The area has good road and rail connections and is easy to get to your destination. This means that it takes a few minutes on foot or by car to reach a nearby shopping centre. Fewer traffic delays make it easier to access other important services such as schools and hospitals.
The Beauty World MRT Station is just a few steps away from your home, and its take about eight minutes to reach at Bukit Batok MRT. Car owners will also appreciate what this place offers. Road transport has improved with several roads connecting to various locations nearby and other parts of Singapore. Roads near the Forett at Bukit Timah include Jlu Jurong Kechil, Toh Tuck Road, Bukit Batok Road and Bukit Tima Road, with access to the Pan Island Highway, which connects to major cities. You can reduce travel time when travelling to various destinations.
Nearby Educational Institutes
Access to education is paramount when moving to a new area as a family. Living near the school is one of the best things you can offer your children. In terms of education, there is no better place to stay than in this part of Singapore.
District 21 is well covered and has the best kindergartens, elementary schools, junior high schools and colleges. Many schools mean that you can never run out of choices when you choose a school for your child. The fact that most of them are within walking distance means a lot. Your child can arrive at school on time and return early. The surrounding schools include:
- Bukit Timah Primary School
- Methodist Girls’ School (Primary)
- Ngee Ann Polytechnic
- Pariposa Preschool (Nursery & Kindergarten)
- Pei Hwa Presbyterian Primary School
- Singapore University of Social Science
Excellent Shopping Destinations
When it comes to shopping options, Singapore’s district 21 has many options for residents to choose from. There are several shopping malls in the area, and residents can access everything they need within a few minutes’ walk. Most shopping malls have several shops, from fashion houses to shoe stores. There are also supermarkets, restaurants and entertainment venues to enhance your shopping experience.
A 5-minute drive from Forett at Bukit Timah condo will take you to the Beauty World Center. The mall opened its doors to shoppers in 1984 and has a five-story building with a variety of shops. Today, it has an in-house restaurant that serves great food. Other useful services here include music schools, grocery stores, educational centres, drug stores, employment institutions and studios.
Another shopping mall near the Forett at Bukit Timah is Bukit Timah Plaza. This mall is the perfect place to meet all your shopping needs. It’s an excellent place for families to shop, as it’s a place that everyone from parents to children can enjoy. The mall is home to major brands such as FairPrice, DBS Banks, Popular Bookstore and KFC.
Bukit Timah Mall is also a great shopping option for future Forett at Bukit Timah residents. The 22-story mall is set close to Bukit Timah Plaza and Beauty World Mall. The shopping mall has several retail stores, grocery stores, hair salons, beauty salons, clothing stores, boutiques, banks, schools, and other offices for companies such as employment agencies, design, accounting, etc.
The customers love this mall for its architectural design and eye-catching beauty. The mall also has many restaurants—notable places to include Hello Café and Jew Kit Hainanese’s Chicken Rice. Everything in the mall is impressive, you will love their prompt service and the family environment it presents.
Other nearby malls include the Rail Mall and the Six Avenue Center. In general, many shopping options fulfils your daily needs.
Nearby Parks and Resorts
You will fall in love with the greenery that reigns around Forett at Bukit Timah. It is close to a vast playground for your kids to play, a popular park that offers panoramic views and space for exercise. The tranquillity of the nearby park provides a wonderful escape from the hustle and bustle of life. The fact that they are in a comfortable position means that your outdoor time is about to improve. It only takes a 5-minute drive to access these parks and enjoy what Mother Nature offers.
The Bukit Timah Nature Reserve is one of the best gifts in nature around the Forett at Bukit Timah. The world-famous rainforest is located on the corner of the Forett at Bukit Timah and is easily accessible to residents.
The nature reserve is the highest point in Singapore, occupying a total of 164 hectares and is home to a wide variety of wildlife and plants. There are many things to do when visiting here. There is a stunning walking trail leading to the MacRitchie Reservoir, where you can enjoy beautiful views as you walk. Find out more about the various local flora and fauna that are often on display at the Bukit Timah Hill Visitor Center. It’s also fun to check out the forest caves that soldiers use to store supplies. Your kids will enjoy their time playing here with available equipment such as swings and trampolines.
The Bukit Batok Nature Reserve is famous for its calm and lush greenery. The park provides you with the tranquillity you need to relax your mind. If you like training, this is a great place to go jogging. The scenery and wildlife available here are just amazing.
Nearby Health Services
There are no hospitals within walking distance from Forett at Bukit Timah, but many medical facilities are within a 20-minute drive. This means that residents of the Bukit Timah area have access to quality medical care. Therefore, it is suitable for families and people with special medical needs. Nearby hospitals include:
- Camden Medical Center
- Glen Eagles Hospital
- Mount Elizabeth Hospital
- Thomson Medical Center
In addition to these hospitals, many private doctors in the neighbourhood provide a variety of medical services. This means that you can always find help, regardless of your medical condition, without having to go far. With excellent connectivity, you can quickly access the health centre.
