Bukit Batok West Avenue 8 Executive Condo

A 99-year leasehold Executive Condo is situated in Bukit Batok West Avenue 8 Executive condo, District 23, a site situated in the middle of Bukit Batok Town. It is estimated to house 375 flats in that area which would comprise 12,500 square meters in total. Aside from that, this unit is among the first few Executive Condominiums to be made available for purchase via the government’s Land Sale program. Because it is situated in Bukit Batok Town and proximity to the developing Tengah Town, future residents will be able to make use of the additional facilities that these two places will be able to provide.

The residence was intended to be a fluid blend of indoor and outdoor spaces, with balconies providing views of the adjacent park – Bukit Batok Hillside Nature Park – with a focus on elegance and unique flair. Take a look at an open-concept design that enables internal areas to flow out onto beautifully manicured gardens and is ideally placed to lead in magnificent spectacular views environment.

Large glass panels on the ground floor allow for plenty of natural light to penetrate while also providing good air circulation, which contributes to the space’s overall calm atmosphere. The apartments feature five magnificent bedrooms, with the master bedroom located on the third floor. A balcony with views of the surrounding foliage provides additional living space.

All of the rooms in this magnificent house include en-suite baths, which are both stylish and spacious. In the large kitchen, which has been carefully built to offer a convenient area to cook and serve your favorite home-cooked meals, you will find an attractive countertop as well as high-quality kitchen equipment.

It is anticipated that this construction would provide you with an energetic, contemporary, and wonderful dream home that you have always desired. Sign up for our newsletter below to get special offers.

 

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Bukit Batok West Avenue 8 Executive Condo Location

Because buyers who are seeking for ECs seem to be those who are seeking longer-term residences, the fact that they are close to schools can encourage them to consider Bukit Batok ECs because the area is a fully grown estate with many known that buyers can consider for a longer-term residence. Being close to schools shows that a significant amount of time may be saved on commuting, allowing for more time to be spent on more positive activities like having fun at work or participating in more events with the children.

With a variety of adjacent bike lanes, public transportation facilities, and pedestrian walkways, Bukit Batok West Avenue 8 EC is located in a highly favorable neighborhood. With adjacent MRT stations like the Bukit Gombak, Chinese Garden, Jurong East, and Bukit Batok, commuters seem to have a relatively easy time getting to their destinations.

Bukit Batok West Avenue 8 EC provides convenience in terms of accessibility because it is well linked by several highways, including major expressways. The Pan Island Expressway (PIE) and the Kranji Expressway are two examples of such highways (KJE).

Bukit Batok West Avenue 8 EC, with its improved connection, not only provides better connectivity to entertainment, recreation, and transportation, but it also provides better access to education. A large number of renowned schools are just a few kilometers away from the home, making it easy for children to attend. In Assumption Pathway School, Greenridge Primary School, Swiss Cottage Secondary School, and South View Primary School, students get an excellent education that meets the highest standards.

Obtaining the supplies you need for your everyday tasks is a simple process. There are several shopping malls and supermarkets in the region that sell a variety of products ranging from fresh produce to your favorite apparel brands. Teck Whye Shopping Centre, Bukit Batok West Shopping Centre, The Rail Mall, and other similar businesses are among those in the area.

Location Map

 

 

Nearby Attractions at Bukit Batok West Avenue 8 EC

 

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Potential on the Site

The property lot has a site size of 12,449.3 sq m and a potential gross floor space of 37,348 sq m and is roughly a 10-minute walk from Bukit Gombak MRT.

The maximum building height in Singapore is between 60 and 70 meters.Given the limited quantity of new EC units on the market, analysts believe the EC site will generate a lot of interest from bidders.

Ismail Gafoor, CEO of PropNex Realty, said that ECs have always been popular among house purchasers because of their lower pricing, and that they tend to appeal to certain first-time buyers or HDB upgraders who are unaffected by the newly announced property cooling measures.

He also said that the project is in an area where private home supply is scarce, with the most recent private residential building in the region being the neighboring Le Quest, which was well-received when it first opened in August 2017.

He predicted that “the new EC project would be in high sought after among HDB upgraders in the region searching for a private house inside the same estate.”

Mr Ismail anticipates the comparatively mid-sized plot in Bukit Batok to garner between eight and twelve offers as developers want to refill their land bank.

The winning offer might be between $241.2 million and $261.3 million, based on a land pricing of about $600 to $650 per square foot per plot ratio (psf ppr).

According to Lee Sze Teck, senior director of research at Huttons Asia, the expected offer for the EC site is between $580 and $630 psf ppr, with up to ten bidders.

Because purchasers are not impacted by the rise in extra buyer’s stamp tax, it might see greater interest from developers, he noted.

Mr Lee said that the area has several attractions, including food and beverage shops at Le Quest Mall and the future Tengah development.

Developers should be aware that under the GLS 1H 2022 plan, a nearby EC site at Bukit Batok West Avenue 5 – which is bigger and potentially generate 495 units – will be put out to tender in June 2022. This new site may compete with the Bukit Batok West Avenue 8 plot, however since EC plots are subject to the 15-month restriction, the Avenue 8 plot will have a head start in marketing and selling apartments.

We anticipate strong demand in this property as developers want to refill their land bank due to the limited quantity of unsold EC units. The property will appeal to a broader variety of developers since it is roughly mid-sized and the land cost is projected to be less than $300 million. This location is expected to attract between 8 and 12 bids.

With the closure of the Tampines Street 62 EC site tender in July 2021, EC land prices reached a new high, with a winning land offer of $422 million, representing a land cost of $659 per square foot per plot ratio (psf ppr). Despite the continued popularity of ECs among purchasers, we estimate modest bids for this site due to the lack of facilities in this neighborhood compared to the Tampines Street 62 EC location, as well as continuous developer worries about growing building costs. The maximum offer for the Bukit Batok West Avenue 8 EC property is expected to be between $241.2 million and $261.3 million, corresponding to a land cost of about $600 to $650 psf ppr.

 

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