The Forestwood Residences is a new developing condominium by City Developments (CDL), Hong Leong Holdings and TID Pte Ltd. The project will be located within a developed residential estate just minutes away from Serangoon Central. To be precise, it will be located between Lorong Lew Lian and Upper Serangoon Road. It is also well-connected to the rest of Singapore via KPE/CTE/PIE. This project is being developed by reputable developer City Developments (CDL) with joint venture partners Hong Leong Holdings and TID, which have a proven track record with their previous projects Bartley Residences and Bartley Ridge. They had submitted the top bid of $321 million, or about $710 per square feet per plot ratio (psf ppr) for the site tender, which closed on Thursday, Nov 2005. That was said to be 2.6% above the next highest bid of $312.88 million or $692 psf ppr, from a consortium ...