At the centre of Bukit Batok Town lies Altura EC, a brand-new executive condominium. This highly anticipated development is being made available through a public auction led by the government’s land sales representative, HDB. The project, which comprises of 375 residential units, is located at Bukit Batok West Avenue 8 and comes with a 99-year lease. Interested bidders have until 12 noon on 8 March 2022 to submit their bids for Altura EC project. Upon the successful completion of the auction and the necessary property assessment, the winning bidder can take possession of the land.
Altura EC, with its close proximity to the MRT station, offers convenience for commuters. Qingjian Realty’s Altura EC is just steps away from a bus interchange and is within easy walking distance to Bukit Batok MRT station. Furthermore, the area around Altura EC is close to different schools, making it the perfect choice for families. Thanks to the extended lease period of Bukit Batok West Avenue 8, developers have ample time to showcase their units.
Positioned on the east side of Bukit Batok West Avenue, Altura EC is expected to be one of the most desirable developments in the area. The 99-year leasehold EC is also in close proximity to the Jurong Innovation District and Tengah Town. The 1.24 hectares Qingjian Realty site is predicted to have 375 executive condo units. Altura EC is situated beside Le Quest, a mixed-use development by Qingjian Realty, slated for completion in 2021. In the bid for Altura EC, Qingjian Realty and Santarli Construction jointly made the highest offer of $266 million, which amounts to around $662 per square foot per plot ratio.
Since Altura EC Bukit Batok West Avenue 8 is featured on the 2021 Confirmed List of Government Land Sales, developers are anticipated to express significant interest in this executive condo site. Altura EC location offers a maximum gross floor area of 37,348 square meters, with a height restriction ranging from 60 to 70 meters. The forecasted yield comprises of 375 residential units. Successful developers can select the executive condo site based on its pricing bracket.
The Altura EC is anticipated to capture substantial interest from those purchasing their first residence as well as HDB upgraders, owing to its advantageous location. Executive condos, by virtue of their more accessible price point compared to that of private condominiums, are proving to be a perfect fit for numerous Singaporean families. The project is projected to be released in Q2 2023 and the present cost of each square foot at West Avenue 8 EC is estimated at S$3,500.
Qingjian Realty and Santarli have jointly submitted a bid of S$662 psf ppr for the Altura EC Tender, thus setting a new record for executive condo land. This bid was 4.8% higher than the second-highest bid of Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.
Details regarding the Altura EC showflat and price list will soon be provided, giving prospective buyers the chance to visit the Altura EC showflat. Upon its release, the price list for individual units shall be made available for assessment. Situated at West Avenue 8, the highly anticipated EC project is located in a burgeoning residential zone, nearby to the growing Tengah Region, as well as the nearby Bukit Batok Hillside Park and other future high-rise housing projects. Boasting 375 units in total, the executive condo is anticipated to be one of the most competitively priced options in its vicinity.
Altura EC is perfectly located for family homes, being conveniently close to many established schools of Singapore. Plots offered within this district are commonly priced between $580 and $650 per square foot. The West Avenue 8 EC Tender by Qingjian Realty presents an exclusive chance for Singaporeans to obtain a plot in one of the country’s most upcoming regions.
The soon-to-come Jurong Region Line (JRL) is set to provide a great advantage to the occupants of Altura EC, increasing their convenience and access to different areas of Singapore. The JRL, a crucial component of the country’s mass rapid transit (MRT) system, will be catering to the western parts of Singapore, such as Jurong, Choa Chu Kang, and Tengah, thus optimizing mobility for passengers.
Upon completion, Altura EC residents will be able to benefit from a multitude of advantages that the JRL will provide. These advantages include but are not limited to improved connectivity, shorter commuting times, and shorter travelling distances. The JRL will also reduce the distance between neighbourhoods, creating an environment that is more conducive to social and recreational activities. Residents will also have access to a wide range of recreation activities, as well as increased safety, thanks to the increased surveillance of the area. Finally, the JRL provides new employment opportunities and economic stimuli to the region. Thus, when complete, Altura EC residents will have much to gain from this new infrastructure.
The JRL is set to give Altura EC inhabitants straightforward access to several pivotal spots, including corporate parks, shopping plazas, educational establishments, and recreational facilities. This augmented connectivity will facilitate simpler travelling for those living in Altura EC when it comes time to go to work, school, or recreational sites.
Residents of Jurong can look forward to reduced travelling times with the opening of the Jurong Region Line (JRL). The JRL provides seamless connectivity across different parts of Singapore, making commutes much more convenient and efficient, especially for those travelling to and from the Jurong area. This increased connectivity will no doubt be a great boon to residents of the region.
The proximity to the soon-to-be-completed Jurong Region Line (JRL) is anticipated to increase the property value of Altura Executive Condominium (EC) over time. Since amenities and connectivity are of paramount importance in the real estate market, the upcoming MRT line could make the executive condo more alluring to potential purchasers and investors.
The JRL is projected to invigorate economic expansion in the western region, pulling businesses to the area and creating job openings. Altura EC inhabitants can take advantage of the potential …