One Foresta is an on-going, multi-block condominium project by Ideal Property Group. This exclusive housing project sits on freehold land situated in Bayan Lepas, Penang.
It is aimed to attract a wide-range of potential buyers with its affordable price. One Foresta is the first “i-Condo affordable housing” scheme introduced by the developer. The condominium comprises of 4 blocks of 41 to 42 storeys complexes which fit a total of 2,685 affordable housing units.
Standard units at One Foresta will have a built-up size of 900 sf with 3 bedrooms and 2 bathrooms. While Forest Ville types are slightly larger at 1,000 sf to 1,050 sf, also with 3 bedrooms and 2 bathrooms. Residents of One Foresta will also acquire 2 parking spots for each unit.
The facilities offered at One Foresta include a lap pool, family pool, jacuzzi, pool deck, treehouse, camping area, barbecue pit, children’s play and games room, and gymnasium among others. Additionally, there is also an observation platform set on the rooftop.
Besides all the resort-style facilities offered in the condo, when it comes to security, residents should not worry as One Foresta provides round-the-clock security and CCTV surveillance.
The location of One Foresta is undeniably strategic. It resides within the bustling town of Bayan Lepas. Residents are just minutes away from amenities such as a Giant hypermarket, a private medical centre, financial institutions, commercial hubs and also a shopping mall, Queensbay Mall.
Furthermore, there are several schools within the vicinity of One Foresta. Residents may send their children to schools like the Straits International School, SMK Bayan Lepas, SK Mutiara Perdana and also the upcoming Heng Ee primary and secondary schools. All of these education institutions are less than 3 km away.
When it comes to accessibility, the condominium is well connected to major roads. The first and second Penang bridges are just several kilometres away from One Foresta. Besides that, the Bayan Lepas Expressway is also easily accessible.
Another selling point of One Foresta is its convenience in terms of public transportation. Residents can take the Rapid Penang busses going through and around the area. Besides that, the upcoming Penang LRT (Bayan Lepas Line) will also be in the vicinity of the residence.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| One Foresta | 0 |
RM400,000
-
RM520,000
RM 444 psf - RM 577 psf |
RM850 - RM850 | NIL | 3.14 % |
| D'Zone Condominium | June 2015 |
RM560,000
-
RM660,000
RM 373 psf - RM 440 psf |
RM1,150 - RM1,150 | NIL | 1.96 % |
| Setia Tri-Angle | 2015 |
RM430,000
-
RM1,088,888
RM 383 psf - RM 621 psf |
RM1,100 - RM1,100 | NIL | 2.81 % |
| Setia Sky Cubes | 2015 | NIL | NIL | NIL | NIL |
| Mont Tierra Residences | Oct 2014 |
RM1,080,000
-
RM1,150,000
RM 366 psf - RM 383 psf |
From RM2,000 | NIL | NIL |
| 35 Pearl Villas | Oct 2014 | From RM3,287,880 | NIL | NIL | NIL |
| Fiera Vista | 2014 |
RM610,000
-
RM6,100,000
RM 418 psf - RM 4,206 psf |
RM1,200 - RM1,200 | NIL | 0.61 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | RM 488 psf | - | - |
| 1,500 - 2,500 SQ. FT | RM 452 psf | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 1,740,000 psf | - |
| 4,000 SQ. FT and above | - | RM 3,300,000 psf | - |
Note:
| Down Payment (10%) | RM 30,000 |
| Loan Amount ( 90 %) | RM 270,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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