Properties in the West Region has outperformed from 2009 till date especially after the announcement of Jurong Lake District in 2008. Prices have generally increased over the past few years with new home sales done exceptionally well, just to name a few: Parc Clematis, Whistler Grand, Mont Botanik Residence, Le Quest. In the pipeline, there are 4 new launch coming up later part of 2020 which contribute 1450 units to the existing inventory. Forett at Bukit Timah is the latest freehold development in the West Region and has a good land area of 360,000sft and yield 633-units, ranging from 1-5 bedroom and rare 3-bedroom dual-key layout, which is a rare layout in today’s new launch market. With average transacted price of $1600-$1700 for 99-years’ leasehold project, Forett at Bukit Timah is likely to be well received since it will launch from $1800+ psf and is a freehold title. Residents in the West Region will be served by 5 MRT line which will greatly enhance the traveling experience and reduce the time taken to get to most part of Singapore, especially the North-Eastern and East Region.
Source: The Business Times
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