How The Recent Property Measures Will Affect The Sales of Bukit Batok EC

Bukit Batok is a mature estate with many established schools and is an attractive option for buyers who wish to stay for a longer period of time. Moreover, being close to schools saves parents time that they can spend on more productive activities. Also, parents will not have to face traffic jams every day to send their children to school.

With limited private land supply in Bukit Batok, it is not surprising that the market for EC properties in Bukit Batok is highly competitive. The last private housing project to launch in the area was Le Quest, which launched in August 2017. While the development site may have a small number of units, analysts believe that this project will attract HDB upgraders. As such, the price range for the site is from $580 to $630 per square foot.

While the recent property cooling measures have been introduced to curb property prices, executive condominiums are not subject to these measures. Bukit Batok West Avenue 8 is one such development site with a 99-year lease period. It is expected to have about 375 units when completed. It is located in a prime neighbourhood, near the future high-rise residential sites, and is expected to appeal to HDB upgraders in the area.

Bukit Batok EC is near parks and nature. It is also home to historic war memorials, including the Syonan Chureito and the British Memorial Cross. These monuments were removed so that more nature could be planted in the Bukit Batok area. The area also housed the first TV transmission tower in Singapore. This means that buyers in Bukit Batok EC are likely to be looking for amenities and convenience.

Recently, three government land sales were held. The resulting price for the Lentor Central site was lower than the price paid for Lentor Modern. In contrast, Lentor Hills Road site was sold for higher than Lentor Modern. This property is expected to be developed into the Lentor Hills Residences.

Bukit Batok ECs have been popular in the city for a long time, and the latest release in the area is Dairy Farm Residences. These residences are located within walking distance to the nearby Bukit Batok Hillside Nature Park and Le Quest mall. They also offer unobstructed views of the Chestnut Avenue GCBA, and the south-facing units face the greenery.

Other features of the development include a community library, an elderly care facility, and a park connector. The neighbourhood is also near the Jurong Region Line and North-South MRT lines. In addition, Bukit Batok EC will be equipped with a ‘one-stop shop’ integrated facility.

The new development is expected to boost the sales of existing properties in Bukit Batok. The area is close to Hillview MRT station, as well as the BKE, KJE, and PIE. It is also near the German European School and is close to many amenities.

Bukit Batok EC is situated in a prime location, near the Jurong East District, which is one of Singapore’s major regional growth areas. The region is home to the three government ministries and many tourist attractions, such as the Singapore Flyer and the Merlion in Gardens by the Bay.

The new Bukit Batok EC is likely to attract a healthy amount of interest, primarily from first-time buyers and HDB upgraders. ECs are typically priced below private condominiums, which is another factor that should drive interest in the development.

Bukit Batok EC is a new development that is expected to open in 2021. The developer is looking to sell between 100 and 500 units at a time, with the average price per square foot at about $650. The development is located at Bukit Batok West Avenue 8.

The most expensive plot was recently sold at SGD 603 psf ppr. The highest bidder came from a joint venture of Qingjian Realty and the Santarli Group. The next EC site will be launched for tender in June.

ECs were once considered more affordable and desirable than private condos. However, the recent property cooling measures have changed the perception of these units. Although the median price of new ECs in Singapore will continue to rise, the price gap between new ECs and private condominiums will widen significantly. For example, the median price of new private condominiums in the OCR will increase by 17.7 per cent between 2019 and 2021. Meanwhile, the median price of new ECs will rise by 12.8 percent from S$1,434 psf to S$1,617 psf in 2021.

Bukit Batok EC is a prime location for those looking to stay in a home for longer than five years. The area is also close to schools, which saves parents time that they could otherwise spend commuting.

Park View Mansions Condo Collectively Sold to Chip Eng Seng Developer

This 99-year leasehold property features a rooftop terrace and is valued at $22 million. The three property plays have previously collaborated on joint projects and have also bid to develop the Peace Centre and Peace Mansion together. If the bids are successful, the two developments will form the largest collective sale in 2021.

Park View Mansions

Park View Mansions is set to undergo a collective sale through a public tender. The asking price of $260 million includes a differential premium for optimizing the plot ratio and topping up the existing lease term to 99 years. The developer is expected to sell the units for a profit of about S$1.13 psf ppr.

The developer and investor groups that acquired the Park View Mansions have worked together on past projects. The three developers have a combined stake of 40%. The development comprises 160 units and is held under a 99-year leasehold. The development is a joint venture between KSH Holdings and Chip Eng Seng, who will finance the acquisition using internal funds and external borrowings. The developers have previously partnered with each other on a number of high-profile deals. Chip Eng Seng’s stake will be about 40% of the joint venture, which includes Sing-Haiyi Pearl and TK 189 Development. Both firms are controlled by Gordon Tang and his wife Celine Tang.

Unit sold for $965,000

A Singapore developer has sold a unit in Melbourne for almost $960,000. The developer, CEL Development, sold 77 units Bukit Batok EC out of the 378 units at its Kopar at Newton condo project, located off Newton Circus. The units are typically one-bedroom apartments. The price per square foot is $862.

The developer bought the property in 2016. It was supposed to be developed into three towers, with over 700 units. The developer said that the sale would allow the capital to be redeployed to better opportunities. The buyer will have vacant possession of the unit. However, the developer has not yet started any construction above ground.

Redevelopment of Park View Mansions

ERA Realty, the developer of Park View Mansions in Jurong, has announced the collective sale of the development, for a total price of $260 million. The development’s site area is 191,974 square feet and can be expanded to 403,145 square feet. The site is zoned for residential use. The property will be redeveloped into 440 residential units.

The developer is also collaborating with KSH Holdings to sell the property. The two companies will jointly develop a mixed-use development that will comprise three residential towers, each with a different design and floor plan. The units will be orientated so as to maximize views of the reservoir and nature. The development is expected to attract HDB upgraders.

Price of Park View Mansions

The Park View Mansions condominium in Jurong, Singapore is being offered for collective sale by its owner, ERA Realty. Its price is estimated to be approximately S$1,023 per square foot, or S$1,023 per plot ratio. This includes differential premiums for plot ratio optimization and topping up the current lease to 99 years.

The property is located next to Jurong Lake Gardens. It has a 99-year leasehold tenure and sits on a 191,974-square-foot site. Its land rate is $1,023 per sq ft, and its maximum gross floor area is 403,141 square feet. The property will be transformed into a residential complex.

The three property players have worked together before, and this time, they’re partnering for their latest project. It will be the largest collective sale in 2021. KSH and Ho Lee Group are also partners in the project. They’ve invested more than S$2.84 billion in real estate since December.

Contribution of KSH and Chip Eng Seng

The three property-plays have worked together on several joint projects and will finance the purchase of Park View Mansions with internal funds and external borrowings. This acquisition will not affect the companies’ net tangible assets or profits per share. Previously, KSH and Chip Eng Seng worked together in a series of high-profile deals, including the $650 million acquisition of the Peace Centre/Peace Mansion last December. They will be developing the site with 440 residential units.

The development will cost approximately $1.1 billion. The price includes a top-up lease and a 99-year top-up lease. The company expects to announce the transaction’s final price once it is completed. The sale price is based on land rates that are approximately S$1,023 per square foot per plot ratio. It will also include an estimated differential premium for maximising the development plot ratio of the site.

Different Locations That Are Sought After For New Launches in Singapore

If you are interested in investing in Jurong new launch condos, you may be wondering why you should choose this property type over resale units. Resale units are ready to be sold off the shelf and are usually built years ago. They may take a long time to sell as they need to wait for the current owner to move out. Also, new launch condos are more expensive than resale units, which means that they are not for everyone.

Ang Mo Kio is a sought-after location

As part of the Central Business District (CBD), Ang Mo Kio is a prime location for new launch condominiums in Jurong. The area is home to a diverse population of high-earning professionals and executives. Moreover, it has good infrastructure. There are many shops, malls, and restaurants in the vicinity, as well as a hospital. As such, Ang Mo Kio is a good choice for investors looking to maximize profits.

Ang Mo Kio is located in the north-west of Singapore. It borders Upper Thomson Road and Yio Chu Kang Road, and stretches to Serangoon. The district is strategically located, providing easy access to the CBD and East Coast. Its MRT lines also connect to many parts of Singapore. It is also close to a number of schools and other amenities.

Located close to the bus interchange, Ang Mo Kio is an ideal location for Jurong New Launch Condos. It has easy access to public transportation, retail, and restaurants. Moreover, it is near the UNESCO-listed Singapore Botanic Gardens.

It is near Lakeside MRT station

The Jurong New Launch Condos is a residential development in the Jurong Lake District, a prestigious neighbourhood in Singapore. It is located near the Lakeside MRT station on the East-West Line and is within walking distance of several good malls. It also boasts a view of Jurong Lake. The development is well-designed, with features such as a bike-share scheme, pneumatic waste collection, and smart home systems.

The upcoming Jurong New Launch Condos are close to various educational institutions, including Lakeside Primary School, Princess Elizabeth Primary School, Corporation Primary School, Yuhua Primary School, and Jurong Secondary School. You can also find nearby schools like Jurong Primary School, Lakeside Secondary School, and Bukit Batok Secondary School.

The Jurong New Launch Condos is located near the Lakeside MRT station, making it an ideal investment opportunity. The Jurong Lake District is Singapore’s second central business district, and it is expected to attract the next generation of businesses and talent. When completed, it is expected to be Singapore’s leading mixed-use urban development model. It is also expected to boast of a world-class recreational area and entertainment hub.

It offers attractive payment schedule

A well-planned payment schedule for Jurong New Launch Condos allows investors to make monthly repayments without much hassle. Investors who are planning to buy new launch condos in Singapore will be able to take advantage of an attractive payment schedule that suits their budget and investment goals. Once the booking fee has been paid, the next step is to make the rest of the down payment. This can be done through cash or CPF. Once the down payment is made, the bank will disburse the remaining funds to the buyer. The remaining payments can be made in cash or CPF, and may be made through a home loan.

With more than 300 units planned, the new launch will cater to both investors and home buyers. Its design will highlight the views of Jurong Lake and the adjacent Chinese and Japanese Gardens. Its location has led to hot competition for the tender. The price of the condos is set to be around $1250 psf per plot ratio. The price of the condos is not inclusive of extra porch location.

It has more amenities than a resale

You can expect to find more facilities and amenities in a Jurong New Launch Condo compared to a resale condo. You can walk to nearby amenities, such as the Yuhua Market and Hawker Centre, and enjoy easy access to public transportation. There are multiple bus services at the Jurong East Bus Interchange. If you prefer driving, the Pan Island Expressway is just minutes away. You can reach the Central Business District in just 16 minutes.

While new launches cost more than resale units, new units typically come with a fresh lease, new fittings, and less renovation work. In some cases, these price differences can be offset by discounts from developers if you purchase early. You will find a large selection of amenities and facilities in Jurong New Launch Condos, which are near three major roads, three MRT lines, and three expressways. You can also find a wide variety of tertiary institutions within close proximity.

A new launch condo will include top-of-the-line appliances. Additionally, developers are required to repair any major defects for free during the defects-free period. In contrast, a resale condo can have expensive repair costs if there are cracks or water seepage. Investors will appreciate the lower maintenance costs.