The Bukit Batok West Avenue 8 Altura Executive Condominium (EC) site tender has recently closed, with an estimated bid of $580 to $630 per square foot per plot ratio (psf ppr). This is the first executive condominium to be launched in the area since the 2017 launch of Parc Life EC.

Located in the Bukit Batok West neighbourhood, the Altura EC site is close to many amenities, including the Bukit Batok MRT station, Bukit Batok Town Park and Bukit Batok Nature Park. The site is also within walking distance of West Mall Shopping Centre, giving residents easy access to plenty of dining, shopping and entertainment options.

The Altura EC site tender received a total of six bids from developers, with the highest bid coming in at $630 psf ppr. This is slightly lower than the $638 psf ppr that was the highest bid for the Parc Life EC site tender in 2017. The Altura EC site tender closed with an estimated bid of $580 to $630 psf ppr, which is still higher than the average bid of $525 psf ppr for similar sites in the area.

The Altura EC is expected to be developed by a consortium comprising of MCC Land, Gamuda Berhad and KSH Holdings. The EC will likely have between 540 to 600 units and is expected to be launched sometime in the first half of 2021.

The Altura EC site tender is yet another example of the strong demand for executive condominiums in the area, with developers eager to capitalise on the growing demand for high quality homes in the neighbourhood. With the estimated bid of $580 to $630 psf ppr, it is likely that the Altura EC will be priced competitively when it is launched, giving buyers plenty of options when it comes to choosing their homes.

The Bukit Batok West Avenue 8 Altura EC site tender has recently closed with a successful bid and an estimated price range of $580 to $630 psf ppr. The site, located in the western part of Singapore, was highly sought after by developers due to its proximity to the MRT station, the surrounding amenities, and the relatively low development cost.

The successful bid of $580 to $630 psf ppr was accepted by the Urban Redevelopment Authority (URA) of Singapore. This bid was significantly higher than the minimum bid of $530 psf ppr, which shows that the site had strong Altura EC potential for development. The successful bidder was a consortium led by SL Capital, a leading Singapore-based real estate investment group.

The Altura EC site is expected to comprise of approximately 750 residential units, as well as a commercial component. This project is part of the larger Bukit Batok transformation plan, which aims to provide more housing and commercial options to the area. The project will also create more job opportunities for the locals as well as generate more tax revenue for the government.

The project is expected to be completed in 2023, and will likely be a popular choice for prospective homebuyers due to the site’s strategic location. The Bukit Batok West Avenue 8 Altura EC site tender is an example of the government’s long-term commitment to providing affordable housing and creating vibrant communities. The successful bidder is expected to make the most out of this opportunity, and deliver a quality development that meets the needs of the local residents.