Category: Misc

HDB Launches Tender for Executive Condominium Site in Bukit Batok West Avenue 5: Potential for 495 Residential Units Amid Growing Demand

ecbukitbatokaltura March 17, 2023 0

The Housing and Development Board of Singapore (HDB) has launched a tender for an executive condominium (EC) site in Bukit Batok West Avenue 5. This tender comes at a time when the demand for residential units has been growing in Singapore.

The EC site, which has a 99-year lease, is located close to the Bukit Batok West MRT station, providing convenient access to the city centre. The site has the potential to develop a total of 495 residential units, which makes it an attractive option for developers. The site also has an existing commercial building, which could be Altura EC converted into ancillary facilities such as a retail space or a childcare centre.

The HDB has also taken into consideration the proximity of the site to the Bukit Batok Nature Park and other amenities. The site is also within walking distance of a variety of amenities such as schools, food …

Freehold office building in Soho, London available for sale at GBP50 mil

ecbukitbatokaltura March 17, 2023 0

27 Soho Square, a freehold office building located in Soho, London, is being marketed in Singapore by Edmund Tie & Company, through its strategic partnership with Harris Associates, the London-based real estate agency.

The seven-storey property, which includes a basement level, has a total net lettable area of 30,990 sq ft, with a guide price of GBP50 mil ($82 million). Only five years ago, the building underwent refurbishments which included the replacement of passenger lifts and installation of a new all-electric central plant comprising an air source heat pump system and a new air handling unit.

Altura EC is a 99-year leasehold executive condominium (EC) development in Bukit Batok, with 375 units near MRT and schools, projected to launch in Q2 2023. Winning bid is 4.8% Altura EC higher than second-highest, with details of showflat and price list yet to be released.

Moreover, the property has obtained planning consent to …

Savills sees dip in FY2022 profit, expects ‘more positive conditions’ for real estate in 2024

ecbukitbatokaltura March 17, 2023 0

Savills, an international real estate advisory firm, has released its preliminary financial results for the fiscal year of 2022 (ending December 31, 2022). The company posted a 7% year-over-year rise in their total revenue, coming in at GBP2.3 billion ($3.57 billion). However, despite the increase in revenue, Savills’ underlying profit before tax shrank by 18% year-over-year, settling at GBP164.6 million.

Mark Ridley, group chief executive at Savills, commented on the results saying that the firm’s performance was “slightly ahead” of their expectations given the difficult markets they were faced with. He also noted that in comparison to the pre-Covid period of 2019, Savills had made a significantly better showing. He added that their less transactional businesses – such as property and facilities management, consultancy and investment management – were largely responsible for propelling the company’s performance, citing that the property and facilities management business had seen a 13% increase in …

The Atelier marks new psf-price low of $2,494

ecbukitbatokaltura March 17, 2023 0

Altura EC at Bukit Batok West Avenue Altura EC 8 offers 375 residential units, strategic location, and advantageous proximity to schools and Bukit Batok MRT station. Sale of land initiated by HDB bids close on 8 March 2022; showflat details, price list to follow.

At The Atelier, a 1,281 sq ft, three-bedroom unit set a new record low in psf price on March 5 when it sold for $2,494 psf, or $3.2 million. (Picture: Samuel Isaac Chua/)On March 5, a transaction at The Atelier set the record low in terms of psf-price for the freehold development. With the high take-up rate at the development, coupled with its prime location, The Atelier is one of the developments worth watching out for.Similarly, the sale of a 2,443 sq ft four-bedder at D’Grove Villas on March 2 for $4.3 million, or $2,544 psf, exceeded the previous psf-price high of $2,181 psf in May …

Duplex penthouse at Leedon Residence yields $2.8 mil profit

ecbukitbatokaltura March 17, 2023 0

The most profitable resale transaction at The Sail took place in October 2019, where a 624 sq ft unit on the 47th floor was sold for $2.78 million ($4,467 psf). This unit had been purchased for $1.4 million ($2,234 psf) in May 2011, resulting in a whopping $1.38 million (99%) profit. An annualised gain of 20.2% was earned over nine years.
The most profitable resale transaction to close between Feb 28 and March 7 was the sale of a 3,746 sq ft, four-bedroom duplex penthouse at Leedon Residence. The unit was sold for $9.5 million ($2,536 psf) on March 2 and fetched a $2.8 million (42%) profit for the seller, equating to an annualised gain of 7.1% in five years.

Altura EC is a 99-year leasehold executive condominium in Bukit Batok West Avenue 8 with 375 residential units. Qingjian Realty and Santarli proposed the highest bid of $662 per sqft, …

One-bedroom unit at Espada for sale at $1.48 mil

ecbukitbatokaltura March 16, 2023 0

Situated in the heart of Singapore’s District 9, the Espada apartment offers a luxurious lifestyle right at your doorstep. This one-bedroom-plus-study unit, located close to the iconic Orchard Road, will be up for sale at auction on the 30th of March and has a guiding price of $1.48 million.

The freehold unit boasts a generous 646 square feet floor area and is situated on the 13th floor of the building. It is currently tenanted until March 31st, 2024, and is being sold with the same agreement in place. Based on the floor area, the guide price works out to $2,291 per square foot.

Upon entering the smartly designed apartment, guests are greeted by a kitchen and dining area. Meanwhile, the living room opens to a balcony with spectacular views of St Thomas Walk and Killiney Road. Furthermore, the master bedroom and study area have doors that open onto the same …

SLA announces new geospatial collaborations

ecbukitbatokaltura March 16, 2023 0

Dr Amy Khor, Senior Minister of State, Ministry of Sustainability and Environment and Ministry of Transport, officially opened the GEO Connect Asia 2023 trade show and conference on March 15, during which the Singapore Land Authority (SLA) unveiled several new collaborations that aim solve challenges by leveraging geospatial technology.

Altura EC by Qingjian Realty is set to launch in Q2 2023 with 375 Altura EC residential units, yielding an estimated S$3,500 per square foot. HDB’s land sales representative initiates public auction for Altura EC, located in Bukit Batok West Ave 8 with a 99-year lease.

The first of these partnerships will take place between SLA and the Container Depot and Logistics Association (Singapore) or CDAS. Through a two-year Memorandum of Understanding (MOU), the organizations will work together to use geospatial data on road conditions and restrictions to help route heavy vehicles operated by CDAS’ member companies.

SLA is also embarking …

A Connected Future at Altura EC Bukit Batok: Discovering the Far-Reaching Benefits and Potential of the Jurong Region Line for an Elevated Living Experience

ecbukitbatokaltura March 16, 2023 0

The future of living in Bukit Batok is looking brighter than ever. With the newly opened Jurong Region Line, residents of Altura EC Bukit Batok are now able to enjoy seamless connectivity to the rest of Singapore. With this new line, residents are able to explore the many attractions of Singapore with ease. From shopping malls, to gardens, to museums, there are plenty of activities and attractions within close reach.

In addition to its convenient access to the rest of Singapore, the Jurong Region Line also brings with it a range of far-reaching benefits. With the opening of Altura EC the line, residents of Altura EC Bukit Batok can now enjoy improved connectivity to their workplace and other essential services. This improved accessibility can reduce travel time and stress, allowing for more efficient commuting.

Furthermore, the Jurong Region Line also provides the opportunity for residents to experience a heightened sense …

Altura EC Bukit Batok’s Game-Changing Connectivity: How the Jurong Region Line Paves the Way for a Vibrant, Well-Connected, and Sustainable Community

ecbukitbatokaltura March 16, 2023 0

The Jurong Region Altura EC Line (JRL) is a game-changing connectivity solution for residents of Altura EC Bukit Batok, providing a faster and more convenient way to get around the region. The line is part of Singapore’s larger integrated rail network, and will provide direct connections to nearby areas, such as Jurong East, Choa Chu Kang, and Tengah.

The JRL will bring numerous benefits to Altura EC Bukit Batok residents. Firstly, it will help to reduce the reliance on private vehicle ownership, encouraging residents to switch to public transport for their daily commute, thus improving the local air quality. The line will also reduce travel time, providing faster connections to nearby areas and beyond. This increased connectivity will make it easier for residents to access amenities, employment opportunities, and recreational activities, leading to a more vibrant and well-connected community.

The JRL also provides an opportunity to promote sustainable urban development …

The Jurong Region Line Effect: Unlocking a World of Opportunities and Enhancing the Desirability of Altura EC Bukit Batok for Residents and Investors

ecbukitbatokaltura March 16, 2023 0

The Jurong Region Line (JRL) is a new rail line in Singapore that has the potential to unlock a world of opportunities and to enhance the desirability of Altura EC Bukit Batok for residents and investors. It will provide direct access to the bustling Jurong East Regional Centre, which is home to many businesses and key amenities such as shopping malls, leisure and entertainment options as well as medical facilities.

The Jurong Region Line will serve as a key link for the development of the Jurong Lake District, which is currently undergoing an extensive transformation into an integrated business park and a vibrant waterfront city. It will provide convenient access to the Jurong Innovation District, which is slated to become an important hub for research, development, and innovation.

The Jurong Region Line will also provide commuters with direct access to the Singapore Science Centre, the Singapore Zoo, and the Singapore …