October 2022

Bukit Batok EC To Be Highly Sought After by Investors

Bukit Batok EC is a 99-year leasehold executive condominium located on the east side of Bukit Batok West Avenue. It is close to the Jurong Innovation District and Tengah Town. The development is expected to yield 375 executive condominium units on a 1.24 hectare site. It is slated for completion in 2021. In June, a bidding war was held for the EC development. In total, six bidders swung for the development.

The location of Bukit Batok EC is a big selling point. It is close to the Jurong East MRT station, as well as several shopping malls. Furthermore, it is close to the Pan-Island Expressway and several established schools. These factors help make it an ideal location for investors. It also provides great convenience for families who want to live in the area for a long time.

The Bukit Batok EC is a long-term residential project that is a hybrid of public and private development. It is located near the MRT station and close to schools, making it convenient for commuters as well as long-term residents. It also features many amenities close to home, making it an ideal location for families.

This prime location is ideal for investors, developers, private property buyers, and HDB upgraders alike. Its proximity to the Le Quest shopping mall is an added bonus. Developers have found Bukit Batok EC to be a hot property. Those who bid for the project will pay an average of $650 per square foot.

The Bukit Batok EC is located near the Bukit Batok MRT station, which makes it easily accessible to other parts of Singapore. It also features a good mix of hawker centres and retail outlets. It is also close to the Jurong East District, one of Singapore’s key regional growth areas. The district is home to several government ministries and some of the city’s most popular tourist attractions.

Located in Jurong East, Bukit Batok EC is close to numerous amenities and public transportation. This is why investors will find this neighbourhood highly desirable. It is also a key location in Singapore for the Ministry of National Development, Agri-Food and Veterinary Authority, and Building and Construction Authority. Additionally, the area is home to several primary and secondary schools, as well as the Canadian International School. Investors should take note that the area also offers affordable housing options.

With 375 to 400 units, the new EC in Bukit Batok is expected to attract strong investor interest. The developer is planning to sell these units at $680 per square foot. A mid-sized plot ratio is expected to fetch $261 million. The new development is close to Jurong Lake District and Tengah New Town, which will boost its accessibility and appeal. Investors can also benefit from the EC’s proximity to key business, lifestyle, and tourism hubs.

The Bukit Batok Estate Concession (EC) is a prime residential site with potential for 375 residential units. Located in the heart of Singapore’s CBD, the EC site is within a 10-minute walk from Bukit Gombak MRT station. The site is a mature estate and features established schools. It is also close to future high-rise residential sites. The location of the EC is ideal for families with children. There are no traffic jams to contend with when sending your child to school.

The EC is set to launch in 2022 at Bukit Batok West Avenue 8. The HDB is holding a public tender to sell the land that will make up the EC. Once the tender is closed, investors and buyers will be able to take advantage of the low prices. It is estimated that a mid-sized parcel will fetch eight to twelve bids.

Amid the ongoing government land sales programme, Bukit Batok West Avenue 5 will be earmarked for a tender involving a mid-sized parcel of land. The size of the parcel, which is around 16,623.7 square meters, is ideal for a development of up to 500 units. The site will be batched with two other URA residential sites. The top bid will be about $650 per square foot.

The EC is a prime location close to amenities like schools, shopping centres, and transport links. It is expected to have around 42,000 new homes, 70% of which will be HDB flats. In addition, it will also have a central park and a network of dedicated walking paths. This development is expected to appeal to young professionals and families.

Why Developers are Interested in Former Park Mansios Condo

Park View Mansions is a former park mansios condo

A former park mansions condo site is up for sale in the city. The site has a gross plot ratio of 2.1 and is zoned for residential use. Its owners are planning to sell the site in a collective sale. Their aim is to redevelop the property. The site is located in the Jurong Lake District, near Lakeside MRT station. The developer expects to sell the site for at least $320 million in collective sales. It will also spend about $157 million to intensify the land and extend the lease for 99 years.

The new owners of Park View Mansions are planning to redevelop the former estate. They will build a new residential complex on the site. They are also planning to sell off some units, but the majority of the property will be retained by the new owners. They expect to start redevelopment work in Q3 2019.

It is being redeveloped by a joint venture between KSH Holdings

The joint venture between KSH Holdings and the developers of the former Park Mansios Condo is focusing on the Lentor Modern area, which is situated near the Lentor Hills nature reserve and reservoir. It is set to feature three residential towers with units oriented to maximize landed views and nature. This new development is also expected to attract HDB upgraders.

The developers will make an in-principle approval application to the URA and SLA before proceeding with the project. Once the government gives its consent, the joint venture will begin redeveloping the site as a mixed-use development. It will have a 60% commercial component and a 40% residential component. The joint venture is set to begin construction on the site in Q2 of 2017. The developers are expected to receive offers of at least $650 million for the entire site.

TK 189 Development

The new owners of the Former Park Mansios Condo have announced their intention to redevelop the estate and build a new residential complex on the site. The joint venture, known as TK 189 Development, is expected to comprise 440 units on a 17834.8 sq ft site. The project will feature unobstructed views of Jurong Lake. The project is expected to commence in Q3 2019.

The project was put up for sale earlier this year, with CEL Development, Haiyi Holdings, and TK 189 Development each holding 30%. All three companies are involved in the project, with the former being the developer. CEL Development is a wholly-owned subsidiary of the Chip Eng Seng Group, while Sing-Haiyi Pearl is a 50:50 joint venture between Haiyi Holdings and SingHaiyi Group. TK 189 Development, on the other hand, is a partnership firm between KSH Holdings and the Ho Lee Group.

It is located near Lakeside MRT station

Developers are interested in purchasing the 1998-vintage Former Park Mansios Condo because of its prime location near the new Lakeside MRT station. The development sits on a 191,974 square foot land parcel zoned for residential use. The site also has easy access to the Ayer Rajah Expressway and Pan Island Expressway. It is also near the upcoming Jurong East Integrated Transport Hub which will provide seamless connectivity between MRT stations, bus interchanges, and public amenities.

The location is ideal for commuters because it is near a number of amenities. The MRT station is within six minutes’ walk, giving tenants easy access to the East West and Circle lines. In addition, the development is close to One-north Park, Kent Ridge Park, and Labrador Nature Reserve.

It is expected to fetch $320 million through a collective sale

After being up for sale twice in 2018, the former Park Mansios condo is slated for a third go through a collective sale. Its owners first put it up for sale in March and then again in December, both times with a lower price of $250 million. The owners have also committed to spending $157 million to intensify the land and to top up the 99-year lease.

In the meantime, Bishan Park, a 28-year-old condo, is expected to fetch between S$1.9 million and S$2.3 million. Located within 400m from the proposed Bright Hill MRT station, Bishan Park offers easy access to major expressways including the Central Expressway, Tampines Expressway, and Pan-Island Expressway.

It can be profitable

The former Park Mansios condo is a rare opportunity for developers. The project is situated at 465 W. 122nd St., a waterfront neighborhood in Manhattan. Before, the site was a pair of one-story commercial garages. Its market value was $350 per buildable square foot. Now, six units are for sale and six offers are pending, according to the listing.

The site has a gross plot ratio of 2.1, and could yield up to 440 dwelling units. The redevelopment project is expected to fetch at least SG$260 million through a collective sale. This is based on the assumption that the developers would spend $157 million on the intensification work. The project is expected to start sometime in Q3 2019.