Many investors are excited about the upcoming EC Bukit Batok, which is being developed by Qingjian Realty and Santarli Construction. This project will have 99-year lease period and is located near a MRT station. It is also close to several public transportation stations. This makes it a perfect place for investors. Let’s take a closer look at this upcoming project.
Lot One Shopping Centre is the latest development near Bukit Batok MRT station. It is located in a prime shopping area with many amenities nearby. The development is within walking distance to hawker centres, KFC, McDonald’s, Pizza Hut, and the NTUC Fair Price Finest supermarket. It is also close to several bus and MRT stations. It is an ideal location for families, especially those on a budget.
The lot is home to numerous eateries, cafes, and gift shops. There are also movie theatres and hotels. Many people also visit the West Mall Shopping Centre to get some retail therapy and get some food. The mall’s location near the Bukit Batok MRT station makes it easy to reach other parts of Singapore.
The next big EC will be Copen Grand, which will have a high-tech gated community and active residents. The development will also feature green features such as wind turbines and water-saving units. It is expected to be an ideal home for families, and it is also close to the bus terminal and future car-free town center.
While there is a dearth of private housing supply in Bukit Batok EC, the location is perfect for HDB upgraders as it is near the Le Quest mall and an MRT station. A mid-sized parcel with up to 500 units is likely to fetch a top bid of $241.2 million to $261.3 million. This top bid represents an average of $650 per square foot.
If you’re looking for a new home or investment property, you should check out the newly-launched Bukit Batok EC. Located near the MRT station and Jurong Innovation District, this development offers easy access to public transport. The proximity to other public transport stations in the area makes this development a perfect choice for property investors.
While Bukit Batok EC is a mature community with many schools, it offers convenience and access to Orchard Road and other parts of Singapore. However, if you’re looking for a new home near the city center, then Tengah EC might be a better choice. Its development is the first of its kind in the West region and includes amenities such as a sports hub and natural ventilation.
Bukit Batok EC has a limited supply of private properties for sale. The last private project was Le Quest, which was launched in August 2017. A new EC development is likely to appeal to HDB upgraders and attract high bids. There is no cooling measure for ECs, but buyers can avail of deferred payment schemes and wealth taxes.
The upcoming Bukit Batok West Avenue 5 will consist of 495 units. It will have a price tag of $1,400 psf. It is located in the west of the city. The ABSD rates are not expected to increase in 2022, which is good news for EC buyers. However, the competition for ECs will likely remain high in the future.
Bukit Batok EC is expected to attract healthy buying interest, especially as land prices are relatively lower than private condominiums. Moreover, since there are fewer private condominiums in this neighbourhood, it will be an excellent investment for first-time buyers. Bukit Batok EC also has low private housing supply, which could also attract HDB upgraders.
Located near the Jurong East shopping centre, the Bukit Batok EC is a hybrid public-private development that offers 375 residential units. With its proximity to a MRT station and city center, it is expected to attract a variety of buyers. It is also close to several schools.
The prime location of Bukit Batok EC makes it an excellent option for investors and HDB upgraders. The new development has a good demand, and the top bid could exceed $630 psf. This development is in an area with very little private housing supply, and it is expected to attract a large number of buyers.
Developers are confident that the housing market will soon recover and Bukit Batok EC will be the next hit for property investors. The government has announced plans to start the Government Land Sales programme on 16 June 2021. The programme will be phased, and will yield around 6,500 private residential units, 90,000 sq m of commercial space, and 530 hotel rooms. The programme will be sold through a tender process, and buyers will have a chance to view the properties at their own pace.