FORETT@BUKIT TIMAH — New Launch Profile

New Launch Profile 4 min read Last reviewed
For: First-time buyersHDB upgraders
Source: URA REALIS
TL;DR
FORETT@BUKIT TIMAH new launch profile: 633 units in D21 (Rest of Central Region). Avg median PSF $2,375 psf, 100% absorption.
Key Takeaways
  • Project: FORETT@BUKIT TIMAH in District 21 (Rest of Central Region)
  • Developer: Qingjian Perennial (Bukit Timah) Pte Ltd
  • Total units: 633
  • Sales: 633 sold of 633 launched (100% absorption)
  • Average median PSF: $2,375 psf

Project Overview

FORETT@BUKIT TIMAH is a private residential development in District 21 (Rest of Central Region), developed by Qingjian Perennial (Bukit Timah) Pte Ltd. The project comprises 633 units.

Location Map

Project location with up to 5 of the nearest comparable condos in District 21.

  • FORETT@BUKIT TIMAH
  • VISTA GARDEN
  • GOLDEN RISE ESTATE
  • GREENRIDGE
  • TOH TUCK GARDEN
  • CLEMENTI PARK

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Sales Performance

FORETT@BUKIT TIMAH has sold 633 out of 633 launched units, achieving an absorption rate of 100%.

Monthly sales for FORETT@BUKIT TIMAH
PeriodSoldLaunchedCumul. SoldCumul. LaunchedAvailable
Aug 2023006306333
Sep 2023306336330
Oct 2023006336330
Nov 2023006336330
Dec 2023006336330
Jan 2024006336330
Feb 2024006336330
Mar 2024006336330

Price Analysis

Price analysis for FORETT@BUKIT TIMAH based on monthly developer sales data.

Monthly prices for FORETT@BUKIT TIMAH
PeriodMedian PSFHighest PSFLowest PSF
Sep 2023$2,375 psf$2,398 psf$1,919 psf
Project Snapshot
FORETT@BUKIT TIMAH by Qingjian Perennial (Bukit Timah) Pte Ltd — 100% absorption rate with an average median PSF of $2,375 psf in District 21 (Rest of Central Region).
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Sales Velocity

Monthly units sold trend for FORETT@BUKIT TIMAH.

Sales velocity for FORETT@BUKIT TIMAH
PeriodUnits Sold
Sep 20233

Developer Background

View the full developer portfolio: Qingjian Perennial (Bukit Timah) Pte Ltd — New Launch Portfolio.

Upcoming Supply Pipeline

3 active Government Land Sales sites in District 21 could add roughly 870 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.

Active GLS sites, District 21
SiteStreetEst. unitsListStatus
Plantation Close~245ConfirmedAwarded
Pine Grove (Parcel A)~350ReserveAvailable
Pine Grove (Parcel B)~275ReserveAvailable

New Sale vs Resale Mix

Of the 895 condo transactions recorded in District 21 over the last 12 months, 57% resale, 38% new sale, 5% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.

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Frequently Asked Questions

How many units does FORETT@BUKIT TIMAH have?
FORETT@BUKIT TIMAH has a total of 633 units.
What is the absorption rate for FORETT@BUKIT TIMAH?
FORETT@BUKIT TIMAH has an absorption rate of 100%, with 633 units sold out of 633 launched.
What is the average PSF for FORETT@BUKIT TIMAH?
The average median PSF for FORETT@BUKIT TIMAH is $2,375 psf.

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Methodology & Sources

The dataset behind this report spans All available months; we refresh it as new data becomes available.

Transaction data sourced from URA REALIS.

  • Developer sales data from URA.
  • Median PSF, highest and lowest PSF from URA developer sales records.

Price-per-square-foot (PSF) here means the median deal in the period; means are reserved for volume-weighted aggregates explicitly labelled as such.

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