The Housing and also Development Board (HDB) has released a brand-new exec condo (EC) site at Bukit Batok West Avenue 5 for tender on the confirmed Government Land Sales (GLS) list on June 28. The 99-year leasehold plot remains on an acreage of 179,000 sq ft as well as will have a maximum allowable built-up area of 536,800 sq ft, based on the gross plot ratio of 3.0, says HDB.
OrangeTee & Tie CEO Steven Tan expects the growth to produce a total of 495 units. “There is only one completed EC development within Bukit Batok, The Dew, which has a resale rate of $1,024 psf based upon this year’s data,” he includes.
Another adjacent story at Bukit Batok Avenue 8 drew an overall of 9 bids and was granted to a QingJian Realty and Santarli Construction joint venture in March, noting a document EC land price of $266 million, …