Bukit Batok EC is one of the new high-rise developments in the area. This new high-rise development is located close to a MRT station, and it is priced reasonably for first-time homebuyers. If you are thinking about buying a condominium in this area, consider the price range and amenities offered by this development.
Bukit Batok EC is a new high-rise development
EC at Bukit Batok Town is a new residential development from Qingjian Realty. It will feature 375 luxury condos and apartments within a prime Bukit Batok location, surrounded by prestigious commercial properties. With excellent public transport links, it offers the ideal setting for working professionals and families. The developers have an award-winning track record, having developed landmark properties around the world.
Located in a prime area of Bukit Batok, the development is a prime location, close to several amenities and a future MRT station. With more construction projects planned for the area, Bukit Batok EC is set to have a successful future.
It is located near an MRT station
Qingjian Realty is a renowned property developer in Singapore with an impressive portfolio of projects. With a focus on sustainable design and community development, the company’s projects have won numerous awards. They offer prime locations in Singapore.
The new development will be near a major MRT station, bus interchange, and several schools. Moreover, it will have pedestrian-only roads separated from road traffic. It is also near Jurong East Shopping Centre and Jurong Town Plaza. The future development of this project will also include a high-rise residential building.
The EC is convenient for commuters and families with young children. As it is located near an MRT station, it will be accessible for commuters and families with kids. As it is near an MRT station, it is likely to fetch a price of $580 to $630 per square foot per plot ratio. This property is a great investment for investors as well as long-term residents.
It is affordable
The Bukit Batok Town area is a prime location for those who are looking for an affordable residential property. It is well-connected with public transport and amenities, such as the Sunshine Place, and is only a few minutes away from the Jurong Lake District. There is also a new MRT station in the vicinity. As such, you can expect a strong demand for residential properties in Bukit Batok.
This project is also expected to draw a healthy buying interest from HDB upgraders and first-time buyers. This is because ECs are affordable and better fit the budget of most Singapore households. As of now, the project could launch from Q2 2023, and the prices are expected to start at around $630 psf.
It is a good choice for first-time homebuyers
Bukit Batok EC is situated in the prime part of the city, close to public schools, restaurants, and shopping centres. It also boasts an interchange to the Downtown Line and Bukit Panjang LRT. It also has easy access to major shopping centres and entertainment hubs, including Keat Hong Mirage BTO and Warren Golf Country Club.
The HDB and URA have both launched public tenders for the development, and are aiming to attract residents by offering affordable housing. In the future, the EC will also feature pedestrian-only roads, which will separate road traffic from pedestrians. Nearby amenities include the Jurong East Shopping Centre and Le Quest Mall.
It is expected to attract eight to twelve bidders
The new EC is expected to have a total area of 12 million square feet and could attract eight to twelve bidders. The highest bidder may end up paying as much as $241.2 million for the site. As the site is expected to be ready for development by June 2022, developers can benefit from economies of scale and avoid overcrowding. The bidding period will close on March 8 at noon. The winning bidder will then be selected.
The Bukit Batok EC is expected to attract eight to twelve bidder’s in the tender. Due to the low private supply in this area, the EC is expected to be in high demand from both developers and HDB upgraders. With an expected price of $630 per square foot, this property will likely appeal to private-housing seekers and HDB upgraders alike.