One of the new launch properties for sale at Bukit Batok West Ave 8 has just been put up for bidding. This is a new development located right in the heart of Bukit Batok Town. This project is one of the first few ECs to be opened for sale under the Government's Land Sale plan. Bukit Batok West Avenue 8 EC is a new development located near many amenities located in Bukit Batok Town and upcoming Tengah Town and residents of Bukit Batok EC will be able to enjoy the new amenities. According to Nicholas Mak, head of research at ERA Realty, this is the first government land parcel sale (GLS) to be launched after the introduction of the latest property cooling measures on the 15th. December. This is also the last GLS site to be launched for sale this year.
Bukit Batok West EC is one of the new launch properties for sale near many amenities located in Bukit Batok Town and upcoming Tengah Town and residents will be able to enjoy the new facilities. There is also a range of new shopping malls as well as existing shopping malls to complement the existing shopping malls, making this apartment complex a highly sought-after development in the Bukit Batok Town Center. Normally ECs tend to be located in non-adult wards but the project is one of the few ECs to be deployed in the mature borough of Bukit Batok West 8th Avenue.
Bukit Batok West Ave 8 EC is only a few minutes from Bukit Batok MRT Station on the North-South Line, making travel to other parts of Singapore such as Jurong East and Woodlands easy and easily accessible in a short period of time. Looking at this location, it is located along 8th Avenue Bukit Batok West which shows that this location is well connected to many highways, hence is popular with car owners looking to travel to other parts of Singapore for work.
New launch properties for sale - Bukit Batok West EC location map
Prediction of the development potential of new launch properties for sale - Bukit Batok West EC
The new launch properties for sale is of great interest from developers, this project is rated as "moderately high" as the EC real estate market is expected to be less affected by the rounds of lowering measures. recent heat. According to Mak, all-new EC apartment buyers are either first-time homebuyers or HDB upgraders. Furthermore, buyers must comply with HDB regulations to form family apartments, and the majority of buyers are Singaporean households. In his view, a small number of EC buyers would be affected by the increase in the additional buyer's stamp duty (ABSD) on their second, third or subsequent property purchasers.
Bukit Batok West EC has an area of 134,004 sq ft which can be developed on a scale of approximately 375 units. It is in the preferred range for development projects, usually between 100 and 500 units. Such scale will allow developers to enjoy economies of scale while, at the same time, not being so large that there is a high risk of difficulty selling all the units within the 5-year ABSD term.
Bukit Batok West Ave 8 - one of the new launch properties for sale is up for tender
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