• Pavither
  • 4 February 2021

One Foresta @ Bayan Lepas is situated in Lengkok Kelicap, Penang. It’s a freehold affordable development by Ideal Property Group.

The Penang State Government launched the affordable home campaign in 2013 to assist more of the younger generation of Penangites to buy their first homes. In support of this, Ideal Property Group launched the i-Condo affordable housing series in 2015. It comprised I-Santorini and One Foresta.

Located on the hillslope of Sungai Ara, One Foresta is tranquil and serene, with  green landscape and clubhouse facilities.

One Foresta was competed in 2019, and have been providing its one-of-a-kind lifestyle for home purchasers in Penang. Ideal Property Group’s Chief Operating Officer Dato’ Ng Tyan Ping pointed out that although One Foresta is an affordable housing, Ideal Property Group had placed a lot of effort to deliver high quality to its purchasers.

Located on the hillslope of Sungai Ara, One Foresta is tranquil and serene, with green landscape and clubhouse facilities which include covered outdoor pavilion, exercise platform, barbeque zone, camping area, resting pavilion, meditation deck, yoga room, Zumba dance room, gymnasium, and sky terrace.

Residents could be delighted with the recreational park, which is well-connected by lush landscaped walkways within a gated and guarded enclave. From the swimming pools, the residents can all enjoy a panoramic view of Pulau Jerejak.

One Foresta won the StarProperty.my Awards 2018 as the Honours winner for The Starter Home Award category.

Key selling points for One Foresta:

  • Affordably priced, with condo facilities
  • A choice location, providing easy convenience
  • Minutes’ drive from daily shopping amenities
  • Surrounded by schools, financial institutions, and healthcare facilities
  • Well-connected to the Second Penang Bridge, Penang International Airport, and the Free Trade Zones

Located on the hillslope of Sungai Ara, One Foresta is tranquil and serene, with  green landscape and clubhouse facilities.

Address: Lengkok Kelicap, Bayan Lepas, 11900 Penang

Property Type: Condominium

Land Title: Residential

No. of Blocks: 4

No. of Storeys: 41 & 42

Total Units: 2,685

Tenure: Freehold

Year of Completion: 2019

Built-up Area: 900 sq ft – 1,050 sq ft

Facilities:

  • Swimming pool
  • Gymnasium
  • Covered outdoor pavilion
  • Exercise platform
  • Barbeque zone
  • Camping area
  • Resting pavilion
  • Meditation deck
  • Yoga room
  • Zumba dance room
  • Sky terrace

Launch Price: From RM300,000

Maintenance Fee: RM121 per month (i-Condo), RM143 (Forest Ville)

Awards: 

The developer, Ideal Property Group has won multiple property accolades during the PropertyGuru Asia Property Awards (Malaysia) 2020 event such as: 

  • Winner of Best Affordable Homes Developer                                  
  • Winner: Special Recognition for CSR (Corporate Social Responsibility)              
  • Winner: Special Recognition in Sustainable Design               
  • Winner: Special Recognition for Building Communities

Project Details

One Foresta @ Bayan Lepas is a high-rise development with:

  • 4 blocks
  • 41 to 42 storeys
  • 2,685 residential units

The built-up for the units at i-Condo @ One Foresta are 900 sq ft, with 3 bedrooms and 2 bathrooms.

The built-up for the units at i-Condo @ One Foresta are 900 sq ft, with 3 bedrooms and 2 bathrooms. While the blocks were launched under the affordable home series, 2 out of the 4 blocks have now been sold as a normal housing scheme and are named Forest Ville.

The 5 locations of i-Condo are at:

  • Bayan Lepas (One Foresta)
  • Sungai Ara
  • Sungai Dua
  • Balik Pulau
  • Tanjung Tokong

For Forest Ville, there are 2 towers (Tower A and Tower B) and the floor plan layout comes in 2 designs. Type A is 1,000 sq ft and Type B is 1,050 sq ft.

The built-up for the units at i-Condo @ One Foresta are 900 sq ft, with 3 bedrooms and 2 bathrooms.

Tower A has the lowest density unit, with 331 units, and each floor will have 12 units. Tower B will have a total of 660 units, with 22 units (11 front, 11 back) facing each other.

Residents at One Foresta would enjoy lush greeneries, open recreational spaces, lifestyle facilities, 2 car park bays, easy accessibility, close proximity to public amenities and 24-hour security.

Residents will also enjoy panoramic views of the southern part of Penang islands. The podium is landscaped against the picturesque backdrop of Pulau Jerejak and the Penang Bridge.

Maintenance fee at One Foresta is RM121 per month.

The built-up for the units at i-Condo @ One Foresta are 900 sq ft, with 3 bedrooms and 2 bathrooms.

Project

Built-Up

Launch Price

i-Condo @ One Foresta

·       Affordable homes

·       900 sq ft

·       3 bedrooms

·       2 bathrooms

From RM300,000

Forest Ville

·       Condominium

·       991 units

·       Type A: 1,000 sq ft

·       Type B: 1,050 sq ft

·       3 bedrooms

·       2 bathrooms

From RM450,000

Show More

Location

One Foresta @ Bayan Lepas is located at Lengkok Kelicap, which enjoys easy accessibility. Residents can get around via their own vehicles or using the bus service. There are several bus stations near the development. For motorists, they can use Jalan Dato Ismail Hashim, Jalan Sultan Azlan Shah, and Bayan Lepas Expressway.

The nearest shopping centre from One Foresta @ Bayan Lepas is Kolaria Square, and there are also the options of Queensbay Mall and Gurney Plaza a short drive away.

One Foresta @ Bayan Lepas is located at Lengkok Kelicap, which enjoys easy accessibility. Residents can get around via their own vehicles or using the bus service.

There are many eateries, including both fast food joints, and local food stalls. Other than these, there are banks, hospitals, medical stores, workshops, grocery shops, and laundry shops in the area.

The nearest market is the Bayan Lepas Market, while the nearest hospital is Pantai Hospital. One Foresta is also approximately 18km from Komtar by way of Tun Dr Lim Chong Eu Expressway and Jalan Sultan Azlan Shah.

Other key landmarks close to One Foresta are:

  • Penang International Airport – 3km (approx. 6 mins’ drive)
  • Free Trade Zone – 7km (approx. 14 mins’ drive)
  • Second Penang Bridge – 8km (approx. 14 mins’ drive)
  • Penang Bridge – 11km (approx. 16 mins’ drive)
  • Komtar Penang – 18km (approx. 22 mins’ drive)

Accessibility

  • Jalan Dato Ismail Hashim
  • Jalan Sultan Azlan Shah
  • Bayan Lepas Expressway 

Education

  • SJK (C) Shih Chung
  • SJK (C) Heng Ee
  • SMJK Heng Ee
  • SK Bayan Lepas – 1km
  • SMK Bayan Lepas – 2km
  • SK Mutiara Perdana – 2km
  • Straits International School – 3km

Medical Care

  • Pantai Hospital

Shopping

  • Bayan Lepas Market
  • Kolaria Square
  • Komtar – 0.8km
  • Giant – 5.5km
  • Sunshine Square – 6km
  • BJ Complex – 8km
  • Queensbay Mall – 10km
  • Tesco – 13km
  • Gurney Plaza

Recreation

  • Penang International Airport
Show More

Analysis

While the project is priced affordably from RM300,000 onwards, One Foresta’s leisure facilities are comparable to that of medium- to high-cost condominiums. One Foresta is marketed as affordable homes with well-planned living space and a host of lifestyle amenities for the family.

One Foresta is marketed as affordable homes with well-planned living space and a host of lifestyle amenities for the family.

Here’s a quick look at the approximate gross rental yield for the residential developments at One Foresta.

Projects

Unit Size

Purchase Price

Rental per month

Gross Rental Yield Per Annum

i-Condo

900 sq ft

RM430,000

RM1,000

2.79%

Forest Ville

1,000 sq ft

RM480,000

RM1,000

2.5%

For family-oriented purchasers, One Foresta could be an attractive purchase as the development is within walking distance to the market and hawker centre, primary school, child care centres, kindergartens, and the tuition centres.

These public facilities, plus the development’s own facilities, is a good combination of convenience for residents.

As for traffic, it is generally moderate along Jalan Dato Ismail Hashim. However, it can pick up substantially upon reaching Jalan Tengah and Jalan Sultan Azlan Shah.

Here’s a quick look at properties in the same neighbourhood.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

i-Condo @ One Foresta by Ideal Property Group

Freehold

Affordable Condo

2019

900 sq ft

From RM300,000

Forest Ville @ One Foresta by Ideal Property Group

Freehold

Condominium

2019

1,000 sq ft – 1,050 sq ft

From RM450,000

Tropicana Bay Residences @ PWC by Tropicana Ivory Sdn Bhd

Freehold

Condominium

2017

455 sq ft – 1,945 sq ft

From RM359,900

Setia Pinnacle by Setia Promenade Sdn Bhd

Freehold

Condominium

2016

1,095 sq ft –  1,515 sq ft

 

From RM604,440

 

Tree Sparina @ Ideal Vision Park by Ideal Property Group

Freehold

Condominium

2016

800 sq ft – 1,650 sq ft

From RM500 psf

 

Imperial Residences @ Sungai Ara by Ideal Property Group

Freehold

Condominium

2016

1,100 sq ft – 1,200 sq ft

From RM500,000

Fiera Vista by Ideal Property Group

Freehold

Condominium

2014

1,450 sq ft – 1,655 sq ft

From RM350 psf

Show More

Summary

For the past 2 years, Ideal Property Group has brought a series of cost-effective housing developments to market, including One Foresta and Forest Ville in Penang’s up-and-coming Bayan Lepas district and the award-winning i-Santorini property on the coastline of Seri Tanjung Pinang.

One Foresta is marketed as affordable homes with well-planned living space and a host of lifestyle amenities for the family.

The i-Condo series is a series of luxurious and affordable condominium developed by Ideal Property Group. The series include One Foresta (Bayan Lepas), i-Santorini (Tanjung Tokong) and 3 other projects at Sungai Ara, Sungai Dua and Balik Pulau.

i-Santorini was the other project that Ideal Property Group launched in 2015 as well. Other projects by the group includes Havana Beach Residences at Ideal City, Ideal Residency at Island Grades, Penang International Exchange at Bayan Lepas, I-Jewel at Sungai Ara, and many more.

Here are estimated figures for a i-Condo unit priced at RM430,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM43,000
  • Loan amount: RM387,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM1,674
  • Approximate required gross annual income: RM67,000*

Hey, do use these calculators to adjust the loan numbers accordingly.

* Assumptions: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

Home loan basics: Know your Debt Service Ratio (DSR)!

DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for. To calculate your Debt Service Ratio (DSR), refer to the FREE PropertyGuru Home Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

Reads about properties in Penang:

Keep browsing Malaysia’s largest property site for more project reviews.

Show More
Eric Wong

Pavither

Feedback