Altura EC at Bukit Batok Ave 8
Altura EC New Launch in Bukit Batok
Altura Bukit Batok West Ave 8 EC
10 mins walk to Bukit Batok & Bukit Gombak MRT
375 Residential Units
District 23 (D23)
Altura Bukit Batok West Ave 8 EC
Located within the heart of Bukit Batok, the Altura Bukit Batok West Ave 8 EC is estimated to launch around in July 2023. It is within close proximity to station of the North-South and the Tengah Park Multiple Rapid Transit (MRT) Station (Tengah & Plantation). Residents of this area will
be able to take advantage of the various bus services that are available in the area too.
They can also easily access the Pan Island Expressway through the intersection of West Avenue 8 and the main road of Bukit Batok Road. It will take around 15 minutes to get to the CBD and the other areas of Singapore
There will be only a total of 885 units for Singaporeans in the year of 2023, as compared to about 2000 units in 2022. Last year, we have seen very favourable response for most of the units and this year will be even more desired by buyers, given the high prices for both Resale and New Launch for private property
Why Should You Consider Altura Bukit Batok Ave 8 EC
Altura: Key Selling Points
Ever since from the inauguration of The Dew in a matured estate such as Bukit Batok, there has never been an EC launch in a matured estate since 2000, which was almost 23 years ago! Surrounded by upcoming Build to Order (BTO) flats within the vicinity and the past history of how Executive Condominium has resulted in significant capital gains and yields over the years, it is definitely worth considering for upgraders looking at building their portfolio.
Besides its prime location, Altura Bukit Batok Ave 8 EC residents will not be able to enjoy various amenties in the surrounding area such as Bukit Batok Driving Centre, Home Team NS, Westmall & many more, It also allow them to get their fresh meat, fish, and vegetables from the marketplace, which is integrated with the multi-level parking facility in Bukit Batok West Ave 6 and Bukit Gomabk.
Some of the schools that are located near New EC’s West Avenue 8 development include Dazhong (Within 1 km), Princess Elizabeth, Jurong, and Yuhua Primary Schools. Other schools nearby include Dunearn, Hillgrove, Swiss Cottage, and Shuqun Secondary Schools.
Location of Altura Bukit Batok Ave 8 EC
Amenities in Bukit Batok Ave 8
- Beauty World Centre
- The Rail Mall
- Bukit Timah Shopping Centre
- Le Quest Shopping Mall
- Bukit Batok West Shopping Centre
- Bukit Panjang Plaza
- Hillion mall
- Junction 10
- Teck Whye Shopping Centre
- Greenridge Shopping Centre
- Lot One Shoppers’ Mall
- West Mall
- Bukit Batok MRT Station
- Kranji Expressway (KJE)
- Pan Island Expressway (PIE)
- Jurong East MRT Station
- Chinese Garden MRT Station
- Bukit Gombak MRT Station
- Dazhong Primary School (within 1km)
- Swiss Cottage Secondary School
- Chua Chu Kang Primary School
- St. Anthony’s Primary School
- Concord Primary School
- Assumption Pathway School
- South View Primary School
- CHIJ Our Lady Queen Of Peace
- Greenridge Primary School
- Zhenghua Primary School
- German European School Singapore (GESS)
Bukit Batok Ave 8 EC: Altura Floor Plan and Site Plan
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Bukit Batok Ave 8 EC: Altura Units Mix
No of Units
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Altura at Bukit Batok Ave 8
How much is Altura Bukit Batok EC?
With a land bid price of $626 per square feet per plot ratio, and considering the land bid prices against 2022 launches, the indicative price of Altura should be hovering between 1400-1450 per square feet.
Is EC considered HDB?
EC is considered under the HDB ruling. However, individual projects are built and designed by private developers with a Subsidised land bid price, in which an EC will reach its MOP (Minimum Occupation Period) in 5 years that can be sold to Singapore Citizens and Singapore Permanent Residents, and finally fully privatised in 10 years.
Is it worth it to buy EC in 2023?
Price Gaps between EC and Private Launches have been significantly bigger over the year, hence making it very worthwhile and attractive to purchase a unit in an EC. Moreover, capital appreciation for EC has been very significant over the years and hence making it a very much worthwhile investment too during the stay.
Contact below for more detailed graphs and charts of previous projects gains and yields
How does the process work for balloting in EC?
Balloting for EC launches is exactly the same as a private property. However, the only key difference is that EC purchase allows buyer to retain and keep their hdb while waiting for the BUC (Building Under Construction) to be ready as compared to a private launch which the existing property has to be sold prior to purchasing a unit in the new launch.
For new private launches, only NPS (Normal Progressive Scheme) is allowed. For EC launches, buyers are able to use both NPS and DPS (usually 3% premium price) that allows buyers to bridge their existing flat while waiting for the BUC to be ready.
One more key difference is that prices will be released even before booking day, unlike private property launch!
How much cash upfront is needed to purchase EC?
Generally, only bank loans are allowed, which means that 75% LTV (Loan to Value Ratio) is allowed for buyers (Under NPS). DPS allows up to 80% including bridging loan.
5% Cash upfront is required with the rest allowing CPF as well
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Facilities and Gallery
More About Bukit Batok Ave 8
One of the most prominent landmarks in the area is the Little Guilin Park. This park, which is a popular tourist destination, features a large lake and towering rock cliffs. There are also various recreational facilities within the district, such as a swimming complex and a Post Office.
The area known as Bukit Batok was the center of Singapore’s granite industry during the mid-20th century. It continued to be a major mining area until the 1990s when it was turned into a residential area. Today, various rock formations still stand in the area’s parks.
One of the largest areas in Singapore, the area of Bukit Batok is known for its variety of homes. There are many different types of houses to choose from, and you can choose the one that fits your needs the best. These include affordable HDB flats that are near bus stops, as well as coffee shops and stores. The upcoming BTO flats are also noteworthy.