Altura EC Residents can conveniently shop and dine near their home. The West Mall shopping center offers a diverse selection of shops, a supermarket, a cinema, and restaurants. There is also Bukit Batok Central, with a mix of shops, dining options, and essential services. This provides great convenience to the residents at Altura EC.

Foreigners buying residential property in Singapore will now be slapped with a hefty Additional Buyer’s Stamp Duty (ABSD) of 60%, double the previous rate of 30%. Singapore citizens and permanent residents were not spared from the rate hike but it was less severe for them.The increase of the ABSD for foreigners is to promote a sustainable property market amid the continued escalation of home prices in the country. As a result of the ABSD hike, there has been an increase in the cost of owning a home in Singapore for foreigners, particularly with the Additional Buyer’s Stamp Duty now amounting to S$1.2 million when purchasing a condo unit at a market value of S$2 million.The revised rates have seen Singapore citizens buying their second residential property taxed 3% higher at 20%, while those buying their third and subsequent properties have been increased to 30%, up from 25% previously. Singapore PRs buying their second residential property now have to pay 30%, up from 25% previously, and 35% for their third and subsequent properties, up from 30% before.The ABSD was introduced in December 2011 to manage demand and cool the housing property market and was raised in 2018 and again in 2021. Amidst this, there has been an increase in interest from investors shopping around, although the high differential cost of owning a home in Singapore versus nearby Malaysia alone is unlikely to cause a game changer for the latter.Connectivity, liveability and investability are important considerations for investors when purchasing a home and Malaysia needs to step up to woo them. To do so, the country needs to improve its overall safety, enhance connectivity within and between the two countries, and push for quality and sustainable property management services. These measures may be the key to attracting foreign investors and encouraging a sustainable property market in Malaysia.