The HDB has launched a public tender for the sale of a prime executive condominium site in Bukit Batok. Bukit Batok EC developer, a Singapore-based real estate developer, will sell the site at Bukit Batok West Avenue 8 in a phased sale. This project is expected to be completed by 2025. This is the first executive condominium project in the area. It will feature two blocks of luxury units, one for the residents and another for foreigners.
Bukit Batok EC is near to many shopping centres that bring in convenience for the residents of Bukit Batok EC including Lot One at Choa Chu Kang. Located on the north-western part of Singapore, Lot One Shoppers’ Mall is a six-story retail complex that offers a variety of retail and dining options. It is conveniently connected to major roads and the bus interchange. Owned by CapitaLand, this mall is situated near the Choa Chu Kang MRT station and is ideal for families. The neighbourhood is also home to several schools and other amenities.
Since Bukit Batok is a mature estate with established schools, it is likely to attract several bidders. The buyer’s stamp tax, which is currently at 8%, will not be passed on to the buyer. This means that the winning offer for Bukit EC could be in the neighborhood of $241.2 million. The EC project is likely to be highly popular with HDB upgraders as it is near schools. In addition, the location of the upcoming project is advantageous as it is convenient to commute to work or play.
As for the EC itself, Bukit Batok is a mature estate with established schools. There are about 375 units planned at this project. It is located close to the North South Line, allowing residents easy access to public transport. Hence, buyers looking for ECs can expect a higher price tag. However, the demand for ECs is expected to remain stable, so homebuyers can expect to see more competition when purchasing their new homes.
The Bukit Batok EC is situated in the western part of Singapore. There are many amenities nearby, including MRT, but the location is not convenient. There are few options for ECs in this area. It also has a small shopping centre, which is not very convenient for buyers. In addition, it is not close to the upcoming commercial district of Bugis, which will make it less desirable to buy a unit here.
Bukit Batok ECs are often more expensive than private housing in the area. The last private residential project in the area was Le Quest, which launched in August 2017. As of August 2017, there have been no new private projects in Bukit. As a result, the prices for ECs in this area are expected to be in the range of $580 per square foot. This is an extremely attractive price for a large parcel in this area.
There is also limited supply of private housing in Bukit Batok. ECs in this area are typically preferred by those who will stay in their homes for a long time. The only private housing in Bukit Batok was Le Quest in August 2017 and sold for $475,000 per sq. ft. The price could go up to $630 per sq ft. The new development is expected to attract 10 bidders for a plot ratio of six.
Bukit Batok EC is located right at the heart of Tengah Transformation. In September 2016, HDB released a masterplan for the Tengah area as part of its concept plan for future Singapore. The plan calls for a car-free town centre surrounded by lush greenery and nature. The town centre will be dotted with parks and open spaces, while five new housing districts will feature distinct character and a sense of community. Once the critical mass is reached, the whole area will be car-free.
Another shopping centre nearby Bukit Batok EC is Bukit Panjang Plaza. If you’re looking for a place to shop, you can visit the Bukit Panjang Plaza. It is a four-storey building with two basement car parking levels. The mall is a popular choice for families because it has a variety of shops, including fashion and lifestyle stores. There are also many food outlets, including a restaurant and a cinema. The shopping mall also has a number of different services and facilities, such as a gym and movie theater.
Bukit Batok EC is also located in the mature town of Jurong East which is a large neighborhood estate located in the western part of Singapore. It is part of the town of Jurong and is home to the second-largest population. The district has nine parks and is part of the West Coast Grc. The main area is served by the Jurong Eastern MRT station. There is also a bus interchange in the Jurong East neighborhood. You can visit these parks and enjoy the scenic views of the city.