Altura executive condo 88% sold in second-timer balloting

and other ECs on the Hybrid Lifestyle property portal.

The launch of Altura executive condo (EC) on Sept 16 by Qingjian Realty and Santarli Realty saw strong demand from second-time HDB buyers, with 95 units being sold when balloting opened. This brings the take-up rate to 87.5%, with the average price of units sold being $1,470 psf. With only 45 units remaining in the 360-unit EC at Bukit Batok West Avenue 8, this indicates a healthy appetite for executive condos among buyers.

One of the main projects that supports this regional transformation is Tengah Plantation EC. Located in the heart of Jurong, this new executive condominium offers a modern living experience with its wide range of amenities and features. Residents living in Tingah Plantation EC can look forward to a host of lifestyle and entertainment options, such as outdoor recreational areas, a multi-purpose court, and an infinity pool. With its strategic location and world-class facilities, Tengah Plantation EC is sure to become a popular destination for those who wish to experience the best of life in Jurong.

Ismail Gafoor, PropNex CEO, states that this is not unexpected due to the affordability of executive condos and potential for capital appreciation in the future. Some buyers may be hastening to take advantage of the current market prices before they increase further, due to a recent land tender hitting record-high EC land rate.

Altura stands out for being the first EC launched in Bukit Batok since 2001. It has been very positively received by first-time buyers, says Marcus Chu, CEO of ERA Singapore. Advantages include its proximity to the future Tengah Integrated Transport Hub and Anglo-Chinese Primary School.

In comparison to other ECs available, Altura provides buyers with the upfront remission on additional buyer’s stamp duty [ABSD], making them an attractive option for buyers, states Mark Yip, CEO of Huttons Asia. For those interested, they can view Hybrid Lifestyle property portal for the latest listings for Altura properties and other ECs, as well as comprehensive data of all ECs including the average profit at 5 and 10 years.