Bukit Batok West Avenue 8 Altura EC site is set to be the fifth executive condominium (EC) development in Bukit Batok, located in the west of Singapore. It is expected to be a highly sought-after project due to its close proximity to the Jurong East Regional Centre, making it a great option for those who work in the area.

The EC site was released for sale by the government in April 2021 and it is expected to see a good response from developers. Reports suggest that the land rate for the site is between $600 to $650psf ppr, which is highly competitive compared to other EC sites in the vicinity.

The site has a total land area of 16,166.6 sqm, of which a maximum of 15,679.9 sqm can be used for the development of the EC project. It has a maximum permissible gross floor area of 47,039 sqm, with a maximum of 44,389.7 sqm allocated for residential units.

The location of the site is also advantageous as it is close to a number of amenities such as shopping malls, supermarkets, food centres, and schools. It is also easily accessible via public transport, with several bus services and the Bukit Batok MRT station nearby.

Given the attractive land rate, location, and the potential of a good return on investment, it is expected that the Bukit Batok West Avenue 8 Altura EC site could see up to 12 bids from developers. This could result in a competitive bidding process, with developers vying for the opportunity to develop the EC project.

Overall, the Bukit Batok West Avenue 8 Altura EC site presents a great opportunity for developers and investors. With the attractive land rate, location, and potential for a good return on investment, this EC site is set to be one of the most sought-after developments in Bukit Batok.

Bukit Batok West Avenue 8, a residential site for executive condominiums, could see up to 12 bids when the tender closes at the end of the month. The land rate for the site is expected to be between $600 to $650 psf ppr.

The site, located in a mature estate, is zoned for residential use with a gross plot ratio of 2.8. It has a maximum gross floor area of 17,955 sq m, and can yield about 690 residential units under the new rules for Altura EC executive condominiums.

The site has been on the market for more than a year and has attracted several bids from developers. Analysts have said that the site is attractive because of its proximity to amenities, such as schools, shopping malls and MRT stations.

The site is being tendered by the Housing Development Board, who will be looking for the highest bidder. The tender will close on 16 December and the successful bidder will be announced on 17 December.

Analysts have said that the site could attract bids ranging from $600 to $650 psf ppr, which is slightly higher than the previous tenders in the same area. This could be due to the fact that the site is located in a mature estate.

The successful bidder will have to pay the land rate within 10 days of the tender’s announcement. The development must also be completed within five years of the tender’s announcement.

It is expected that several developers will bid for the site, as it is seen as an attractive option for executive condominiums. This could result in some competitive bidding and the land rate could go even higher than expected.

Overall, the site in Bukit Batok West Avenue 8 could attract up to 12 bids, with the land rate likely to range between $600 to $650 psf ppr. This could be an attractive option for developers looking for a residential site in a mature estate.