PROJECT DETAILS
** FIRST TIME BUYERS: If you are planning to buy your very first property and do not know whether to buy a Resale HDB, BTO or a new launch EC, let us discuss your best possible option.
** EXISTING HDB OWNERS: If you are planning to change to another property, and would like to know whether to buy a EC or private condominiums, let us help you to assess your best possible options to get better returns on your dollars.
The Housing and Development Board (HDB) has sold a site in Bukit Batok West Avenue 8 as part of Government Land Sales (GLS). This land parcel is located in the Western Region of Singapore, bounded by Bukit Batok West Avenue and Bukit Batok West Avenue 5, is listed under the confirmed list of sites and is allocated to be developed into an Executive Condominium (EC). This site is expected to house approximately 375 apartment units.
New and upcoming EC in Bukit Batok West Avenue 8 is approximately 1.5 km away from Bukit Batok Town Centre and is in between of Bukit Batok MRT station, which operates the North-South Line and Tengah Park MRT Staiton which operates the Jurong Region Line. Future residents of New EC will be able to access to the many bus services available at this Bukit Batok Bus Interchange. Bukit Batok West Avenue 8 will seamlessly link to the main arterial road of Bukit Batok Road which will bring future residents of New EC to the Pan Island Expressway (PIE) to travel to various parts of Singapore. It will take approximately 15 minutes drive from New EC in Bukit Batok West Avenue 8 to Central Business District (CBD) and Orchard Shopping District.
The nearby Bukit Batok West Shopping Centre, which is located near the junction of Bukit Batok West Avenue 6 and Bukit Batok West Avenue 8 offers a wide variety of goods and services to the future residents of New EC in Bukit Batok West Avenue 8. There are plenty of eating outlets at the neighbourhood mall. Future residents of New EC can also get their fresh vegetables, fish and meat from the market place which is conveniently integrated with the multi-storey carpark. The West Mall which is located at the Bukit Batok Town Centre also offer a greater variety of shopping, dining and leisure amenities to the future residents of New EC.
Nearby schools from new EC development in Bukit Batok West Avenue 8 include Princess Elizabeth Primary School, Dazhong Primary School, Jurong Primary School, Lianhua Primary School, Yuhua Primary School, Saint Anthony’s Primary School, Bukit View Primary School, Keming Primary School, Bukit Batok Secondary School, Dunearn Secondary School, Hillgrove Secondary School, Swiss Cottage Secondary School, Crest Secondary School, Jurongville Secondary School, Bukit View Secondary School, Hong Kah Secondary School, Shuqun Secondary School and Fuhua Secondary School.
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Why is what you buy
as a first property important?
as a first property important?
Should I sell my HDB and buy condo? I don't want to pay more for instalment
Can you afford a
S$1 million property?
S$1 million property?
Is now the correct time to buy?
Should I go for capital gains or
passive income
passive income
| Project | Bukit Batok West Avenue 8 EC |
| Developer | |
| Location | Bukit Batok |
| District | 23 |
| Tenure | 99 years lease |
| Site Area | |
| GFA: | |
| Plot Ratio | 2.8 |
| Expected TOP: | |
| Total Units | Approximatley 375 units |
| Total Carpark | |
| Development | Executive Condo comprising of communal facilities |
| Unit Type: | |
| Architect | |
| Eligibility | SC/SC, SC/SPR can buy |
LOCATION and AMENITIES
Amenities Near New EC at Bukit Batok West Avenue 8
| Category | Amenities Near New EC at Bukit Batok West Avenue 8 | Approximate Distance |
| Train Stations | Bukit Batok MRT (NS2) | 1.1km |
| Bus Stop | Bukit Batok Rd Aft Lp 83 (Bus: 160, 180) Bukit Batok Rd Aft Lp 74 (Bus: 160, 180) |
0.5km 0.5km |
| Supermarkets | Prime Supermarket (Bukit Batok 159) Fairprice (Bukit Batok 154A) Sheng Siong (Bukit Batok 154A) Giant (West Mall) |
0.8km 0.9km 0.9km 1.2km |
| Shopping Malls | Bukit Batok West Shopping Centre Bukit Gombak Shopping Centre Bukit Batok Town Centre West Mall |
0.8km 0.9km 1.1km 1.2km |
| Education Institutions | Preschool | |
| PCF Bukit Batok Blk 148 PCF Hong Kah North Blk 315-319 Grace House Kindergarten PCF Bukit Gombak Blk 535 PCF Bukit Batok Blk 180 PCF Jurong Central Blk 308 PCF Hong Kah North Blk 338 PCF Yuhua Blk 251-247 PCF Yuhua Blk 317 PCF Bukit Batok East Blk 241 |
0.7km 0.8km 0.9km 1.0km 1.1km 1.2km 1.4km 1.4km 1.5km 1.5km |
|
| Primary | ||
| Princess Elizabeth Primary School Dazhong Primary School Jurong Primary School Lianhua Primary School Yuhua Primary School Saint Anthony’s Primary School Bukit View Primary School Keming Primary School |
0.7km 0.8km 1.2km 1.4km 1.4km 1.5km 1.7km 2.0km |
|
| Secondary | ||
| Bukit Batok Secondary School Dunearn Secondary School Hillgrove Secondary School Swiss Cottage Secondary School Crest Secondary School Jurongville Secondary School Bukit View Secondary School Hong Kah Secondary School Shuqun Secondary School Fuhua Secondary School |
0.8km 1.0km 1.3km 1.4km 1.4km 1.5km 1.6km 1.7km 1.7km 1.9km |
|
| Junior College | ||
| Millennia Institute | 0.5km | |
| Tertiary/Postgraduate | ||
| Nanyang Technological University | 6.3km | |
| International | ||
| Canadian International School (Lakeside Campus at Jurong West) | 2.0km | |
| Food Centre | Blk 155 Bukit Batok Street 11 Food Centre Yuhua Village Market And Food Centre Yuhua Market And Hawker Centre |
0.9km 1.4km 1.6km |
| Lifestyle | Civil Service Club @ Bukit Batok Bukit Batok Golf Range Bukit Gombak Stadium Little Guilin Lake HomeTeamNS @ Bukit Batok Jurong East Sports Complex Jurong Lake Park |
1.0km 1.3km 1.4km 1.4km 1.5km 1.7km 2.0km |
FACILITIES and SITE PLAN
The Facilities and Site plan of new EC at Bukit Batok West Avenue 8.
If you would like to be updated on first hand information for new EC at Bukit Batok West Avenue 8,
RESIDENTIAL FLOOR PLANS
SINGAPORE PROPERTY MARKET
Singapore’s property market has one of the best long term returns on equity performance out of most investment instruments available.
And that has to do largely with the strength of the Singapore dollar, the availability of high leverage, and the attraction of Singapore to the international audience, not just as a region to invest in, but as an asset class on its own.
HIGHER DEMAND FOR ECs WITH ITS HIGH PROFIT MARGIN AND LOW ENTRY PRICE
Owners of Executive Condominiums (EC) stand a huge capital potential appreciation in due of the low entry price to purchase a unit compared to private condominiums.
After a period of 10 years, the EC will be privatised, changing its status to be on level to a private condominium. Foreigners will be able to purchase the unit then. Owners typically enjoy a capital gain after their EC is privatised.
The above table shows a significant increase in capital appreciation for EC owners.
Purchasing an EC is extremely promising as we may look into such capital appreciation after it becomes privatised over time.
As the entry price for an Executive Condominium (EC) is much lower than a private condominium, demand for ECs has been on the rise. New EC units are generally 15-30% cheaper than private condominiums. In addition, first timer are entitled to receive a CPF Housing Grant of up to S$30,000. These make EC an extreme worthwhile asset to purchase.
Physical features are similar when comparing between a new executive condominium with a private condominium. This include facilities such as gym, clubhouse, security guard, tennis court, swimming pool and many more.
With further developments in the west, new ec at Bukit Batok West Avenue 8
When doing a comparison between an executive condominium and private condominium, we know that both EC and private condominiums offer the same features such as swimming pool, gym, tennis court and many more,
As resale executive condominiums are typically larger in space comparing to its counterpart and with a lower entry price, demand has increased for the resale ECs. This has led to a narrowing of price gap.
Owners of resale ECs have profited greatly in the market with their low entry price and they had enjoyed the bigger space and same facilities.
QINGJIAN WON TOP BID FOR LAND PARCEL SITE AT BUKIT BATOK WEST AVENUE 8 FOR EC DEVELOPMENT
A leasehold executive condominium (EC) site at Bukit Batok West Avenue 8 drew nine bids, with the top bid of $266 million, or $661.67 psf ppr, coming from a joint venture between Qingjian Realty and Santarli Construction.
With this bid, the same joint venture beat their previous record bid of $659 psf ppr for the Tampines Street 62 EC site in July 2021.
Ms Tricia Song, head of research for South-east Asia at CBRE, noted that Qingjian is also the developer of Le Quest, a nearby mixed use development, and "may have confidence in the location".
She added that ECs are generally not as affected by property cooling measures and wealth property taxes, as they are for owner-occupiers and first-time buyers.
Property tax rates for non-owner-occupied residential properties - which include investment properties - will be increased to between 12 per cent and 36 per cent. This compares with the current 10 per cent to 20 per cent tax levied on such properties.
Owner-occupied homes with an annual value of $30,000 or less, such as Housing Board flats or condominiums and landed property in suburban areas, will not be affected by the increase in property tax rates.
JLL senior director of research and consultancy Ong Teck Hui attributed the robust tender participation to limited new EC supply, with only three projects in the launch pipeline.
"The EC market thrives on a positive private residential market. So far this year, 80 new ECs were sold at prices averaging $1,224 psf," he said.
The Bukit Batok parcel is expected to yield 375 residential units. It has a site area of 12,449.3 square metres (sq m) and a maximum gross floor area of 37,348 sq m.
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