In the Bukit Batok area, where private housing supply is at an all-time low, the new EC project is sure to attract a lot of interest from HDB upgraders. Developers are re-stocking their land banks and are hoping to attract several bidders for one of the mid-sized parcels. This development could fetch up to eight or 12 bidders for the top plot ratio parcel. The top bid could be between $241.2 million and $261 million.
In anticipation of a booming property market, HDB and URA have launched a public tender for a new executive condominium site in Bukit Batok. The site is located in the Tengah town area, near major amenities such as the Bukit Batok MRT station. In addition, the development will be located near the nearby Jurong East Shopping Centre. The Bukit Batok EC is expected to yield approximately 375 units.
The Bukit Batok EC Tender by the HDB and URA will draw eight to 12 bidders for the development. The top bid would amount to approximately $241.2 million. The winning bidder would pay a land rate of $650 per square foot. Alternatively, the project could attract eight to twelve bidders. However, if the price is a bit high, it is unlikely that the bidders will win.
While the URA and HDB expect a healthy EC market, the timing is still not favourable. The new EC site will launch with limited private supply. Besides HDB upgraders, other developers will be drawn to the site. At present, Bukit Batok is only home to one private project, Le Quest, which was launched last year. There is also a high probability of the Bukit Batok EC project attracting up to ten bidders.
If you’re looking for a place to call home, you should consider a condo in Bukit Batok. Le Quest is a neighbourhood centre located on Bukit Batok West Avenue 6, just one kilometer from Westmall. The nearby MRT stations of Bukit Batok and Jurong East Central offer seamless connectivity to the rest of the city. The Jurong Expressway is also close by, giving you easy access to the Pan-Island Expressway, Tampines Expressway, and Kranji Expressway.
The Bukit Batok EC Tender will be launched in the second quarter of 2016. The first phase of the project will feature 375 units in total. Ultimately, this project will contain up to 859 units. Bukit Batok is a mature estate with a thriving retail centre and schools. While the Bukit Batok EC has a larger GFA, it will still compete with Le Quest for the same pool of buyers.
Whether you’re looking for a place near the MRT station or a nearby shopping center, you’ll find that you’re pleasantly surprised by the many amenities in this neighbourhood. Nearby Bukit Batok Town features a park and lake. There’s a new park in the vicinity of Le Quest, so you won’t have to go far to get a snack or a drink. And as for the food, you’ll find a wide range of choices.
The upcoming Bukit Batok EC will be a great investment property, thanks to its prime location. Located near the MRT station, the neighbourhood will have easy access to various amenities. And because it’s an existing town, it will be well-connected with other parts of the city. Despite its limited supply, Bukit Batok will have plenty of advantages for investors, including a fully developed neighbourhood centre.
Located in the western part of Singapore, the Bukit Batok EC is located near Bukit MRT station. There’s a decent mix of retail and educational facilities in the neighbourhood, including a small shopping mall and hawker centres. The area is also near a bus interchange. Bukit Batok EC is an excellent choice for commuters, but it’s important to factor in parking costs.
The development will be a private development with a GFA of 37,348 sqm. When completed, it will contain approximately 375 units. The project will be located within the Bukit Batok suburb. The last private project in the neighbourhood was Le Quest, which had an enthusiastic take-up when it launched in August 2017.
If you are in the market for a new property in Singapore, the Bukit Batok EC could be your next choice. Its convenient location, close to the MRT (Bukit Batok MRT Station) and Woodlands MRT station, makes it a popular choice for many. The area is also close to the popular GEM and Westgate shopping centres. Additionally, it is near the popular Singapore Flyer bus.
ECs in Singapore are well-located in the vicinity of the Jurong Region Line development, which is expected to improve connectivity across western Singapore. The Jurong Region Line will connect the EC to several MRT stations and an upcoming residential estate. MCL Land’s chief executive officer, Tan Wee Hsien, remarked that this project will feature “impressive transportation connectivity.”
The Bukit Batok EC is set to launch with a small supply of private units. Previously, a private development in the same area, Le Quest, sold out within a few weeks. Hence, there’s a chance that up to ten bidders will compete for the site. The winning bid could reach $241.2 million – a high estimate based on the current land price of $650 per square foot.
The new Bukit Batok EC will be launched next to other projects developed by BTO, including West Scape, West Hill, and West Plains. These projects are located in the Tengah town area, which is expected to see high demand for property. Furthermore, the new EC will be near Tengah Plantation MRT station, which is part of the Jurong Region Line.
The Tengah EC is located near both Kuala Lumpur and Singapore, which makes it convenient for residents to access local retail and commercial centres. The Tengah Town CBD is just a kilometre away, making it easy to commute there for work or play. In addition, there are a number of parks and green spaces in the area. In addition, Bukit Batok residents will be close to parks, a hawker centre, and other amenities and services.
The location of the Bukit Batok EC is convenient. The Bukit Batok MRT station is just three minutes away, and the neighbourhood is convenient for commuting. It is located near a bus interchange, Rent Out Condo and it is close to several shopping centres and hawker centres. Commuters will enjoy the proximity to bus interchange. If you plan to commute to the city frequently, Bukit Batok EC is a great choice for you.
If you’re looking for a place to call home in Singapore, consider Bukit Batok EC. Located near the Bukit Batok MRT station (North South Line), this property offers convenient access to the Pan Island Expressway. This expressway stretches from Jurong East to Bedok and to Changi Airport. Residents of Bukit EC enjoy the convenience of a convenient location and the low cost of living.
With a total area of approximately 12 million square feet, the Bukit Batok EC site could attract eight to 12 bidders. The highest bid could be around $241.2 million. This is well within the preferred range for development projects in Singapore. It also allows developers to benefit from economies of scale without overwhelming the market. At this point, the tender is expected to close on March 8 at noon. One developer could win the bid.
The nearby Pan Island Expressway is one of the largest expressways in Singapore, and a major highway. This road connects many parts of the city. Bukit Batok EC is near the Pan Island Expressway. There are two MRT stations in this area, Tampines East and Tampines West. There is also a bus interchange in the vicinity. The neighbourhood is set to have a number of new businesses and restaurants that will serve the area’s residents.
If you are looking to buy a condo in Bukit Batok, there are many factors you should consider. Qingjian Realty is a reputable developer that has a vast portfolio of residential properties Lumina Grand EC in Singapore. Their projects include mixed use developments like Le Quest. This development is situated in EC2 and is convenient for public transport as well as various amenities.
The development is located near the Pan Island Expressway, the most important expressway in Singapore. You will be able to walk to many parts of the city without much difficulty. The developer also offers free showflat viewing and mortgage payment consultancy. Although this is a 99-year-leasehold development, it has limited units for mass-market buyers and is not an investment property.
The company is a world-class property developer. It was founded in 2008 and is a subsidiary of Qingjian Realty (South Pacific). It specializes in residential, commercial and industrial properties. It has won multiple awards for its projects. In fact, Visionaire is Singapore’s first smart home EC. It has a highly-regarded reputation for creating beautiful and sustainable buildings.