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Category: Mortgage

Two adjoining shophouses off Upper Thomson Road for sale at $10.5 mil

Posted on 12 April 2023

Two freehold adjoining shophouses located at 5 and 7 Jasmine Road, off Upper Thomson Road, have been put up for sale at an advertised guide price of $10.5 million, or $2,665 per square foot on their existing combined floor area of 3,940 sq ft. The site boasts a total area of 3,650 sq ft and the properties are zoned for “residential with commercial at first storey” use.

According to Steven Tan, managing director of capital markets and investment sales at ERA Realty Network – which is the exclusive marketing agent for the shophouses – the 2019 Master Plan permits the construction of up to four storeys with a gross plot ratio of 3.0. Located a 50 metres away from Thomson Plaza, these properties benefit from their convenient access to major highways and expressways such as the Lornie Road, the Thomson Road, the Braddell Road, the Marymount Road and the Pan Island Expressway, as well as being just a minute’s walking distance away from both the Upper Thomson and Caldecott MRT Stations.

The sale presents a great opportunity for investors looking to make an income via rental opportunities and benefit from capital appreciation in the long term. For those looking to upscale the asset, the revelopment of the shophouses into a four-storey residential building with commercial space on the first level could be a viable option, subject to the approval of the relevant authorities. Establishing such a building would create a gross floor area of 10,950 sq ft.

The properties are only a stone’s throw away from numerous amenities, including popular eateries and cafes along Upper Thomson Road, Sin Ming Plaza and Junction 8 shopping mall. In addition, the vicinity boasts of prestigious educational institutions such as the Ai Tong School, the Catholic High School, the CHIJ St Nicholas Girls’ School, the Marymount Convent School, and the Whitley Secondary School, all of which are within a 1-2km radius.

Currently, the two shophouses come with existing tenancies and are sold “as is where is”. The deadline for the expression of interest exercise is May 8 at 3pm.

For those on the hunt for more commercial properties located in the area, they need not look far. There has been a recent transaction of commercial property on Jasmine Road, with more Singapore commercial properties just a search away.…

Collective sale of Tanjong Katong development relaunched at $63 mil

Posted on 11 April 2023

The owners of a four-storey, 26-unit walk-up development at 52 to 62H Tanjong Katong Road in Singapore have put the property back up for tender at a guide price of $63 million. The site is zoned for residential use and has the potential to yield up to 45,356 sq ft of gross floor area upon redevelopment. With an estimated land betterment charge of $530,000 included, this gives a psf ppr of $1,401, or $1,375 with the addition of a 7% bonus balcony gross floor area.

Huttons Asia, the sole marketing agent for the property, noted that it had initially been put up for sale at an indicative price of $65.5 million in July last year, but no offers matched the asking price.

The location of the property is ideal for prospective buyers looking for new homes in District 15. It is a 10-minute drive from the CBD and only 500m from Paya Lebar MRT Station. Shopping malls such as PLQ mall, i12 and Parkway Parade can also be found nearby.

Furthermore, recreational facilities such as the Singapore Sports Hub and East Coast Park are close by, as well as various F&B and cafe offerings in the Katong and Joo Chiat areas. Terence Lian, Head of Investment Sales at Huttons Asia, believes that this desirable location and the recent brisk sale of Tembusu Grand in the area bode well for the collective sale.

The successful development of Tembusu Grand at Jalan Tembusu, which is just off Tanjong Katong Road, demonstrates the market demand there. The 638-unit condo by City Developments and MCL Land sold 53% of its units at an average price of $2,456 psf during its launch weekend.

This sale suggests that buyers appreciate the area for its convenience – it is only five stops to City Hall Interchange and within a short walk to the Paya Lebar Commercial Hub. Young couples and professionals alike will no doubt be interested in such a desirable location.

The tender for 52 to 62H Tanjong Katong Road closes on May 9 at 2pm. …

Two shophouses at Perak Road up for sale at $13 mil

Posted on 10 April 2023

The properties at 6 and 7 Perak Road have been put up for sale via tender with a guide price of $13 million. At $2,425 psf on the total floor area, this pair of conservation shophouses is a great investment opportunity for investors looking for assets that offer strong rental and capital growth. Both two-storey buildings with mezzanine space have a built-up area of 5,360 sq ft and occupy a land area of roughly 2,870 sq ft, boasting an 11.4m-wide frontage along Perak Road.

The properties are situated in the Jalan Besar/Little India precinct, just a three minute walk from Rochor MRT Station. On top of that, they are well-maintained and only require minimal refurbishment. This makes them attractive for rental purposes, with their prime location surrounded by amenities close to the Bugis area. The current owner is receiving “multiple offers” from prospective tenants.

Given the recovery of the tourism sector post-pandemic, the properties may be just what hostel operators are looking for – convenient and accessible accommodation that can cater to the influx of tourist and travellers. The vendor is selling the properties with vacant possession, enabling the new owner to fill the units with the tenant profile they desire.

What better incentive to purchase these properties than knowing no additional buyer’s stamp duty is payable. Additionally, the future owner could potentially get a gross rental yield of over 3%.

With the tender closing on May 8 at 3pm, this is an opportunity that shouldn’t be missed. Gracelynn Zhu of PropNex Shophouse Elites, which is marketing the property, is expecting interest from investors and hostel operators alike.…

JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

Posted on 7 April 2023

Sandeep Sethi has been appointed to the role of Division President of Work Dynamics in Asia Pacific by JLL. With a diverse experience of 27 years in the corporate sector and ten of them with JLL, Sethi has played a vital role in forging strong client relationships and growing the business to its largest occupier base in West Asia. He is currently based in Gurgaon, reporting to Susheel Koul, CEO of Work Dynamics in Asia Pacific.

In his new role, Sethi will be responsible for overseeing services delivered to JLL’s clients in the North Asia market, and for increasing the business’ market share in mainland China and Hong Kong. In addition, Sethi has been entrusted with the task of growing JLL’s occupier business in India, Sri Lanka, Mauritius, and Bangladesh.

Describing Sethi’s importance to the team, Koul spoke about his appointment as “reinforcing JLL’s commitment to developing and elevating our people to serve our rapidly diversifying client base across Asia Pacific.”

JLL’s Work Dynamics business unit provides occupiers with integrated facilities management, construction management services, sustainability services, workspace consulting, and lease transaction management. With Sethi’s appointment to this important role, the company looks to enhance its portfolio even further.

Commenting on bringing Sethi into the leadership fold, Koul said, “Sandeep is an established leader and a respected client advisor with an astute understanding of the dynamic nature of commercial real estate.”

With rate hikes, cooling sentiments, and 2022 seeing a 27% y-o-y decrease in Apac real estate investments, as per JLL’s report, the industry is now looking to opportunistic investments in 2023, as predicted by CBRE. This expansion of Sethi’s portfolio is therefore the perfect opportunity for JLL to capitalise on this trend and establish a powerful foothold in the Asia Pacific region.…

Slow start to 2023 for real estate investment sales amid market uncertainties: Knight Frank

Posted on 5 April 2023

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Singapore’s real estate investments got off to a “slow start” in 2023, with the amount of investment sales for the first quarter of the year amounting to only $4.2 billion. This marked decrease in sales compared to that of 1Q2022’s $10.8 billion, is the lowest quarterly total since 2Q2020, when the government imposed “circuit breaker” measures.

Residential deals in the first quarter of 2023 amounted to $1.6 billion, with three notable collective sales; Meyer Park, Bagnall Court and of Holland Tower, totalling to some $583.8 million.

The sale of Holland Tower is particularly significant as it is the first successful residential en bloc transaction in the Core Central Region (CCR) since property cooling measures were imposed in December 2021, signifying “a nascent return” of interest for prime location development sites, upon the reopening of China.

However, the return does not guarantee success for collective sales. Daniel Ding, head of capital markets (land & building, international real estate) at Knight Frank Singapore, noted the gulf in price expectations between sellers and developers. The success rate for collective sales from 2021 up to now has been around 33%, compared to the 63% success rate from 2017 to 2018.

Chia Mein Mein, head of capital markets (land & collective sale) at Knight Frank Singapore, commented that “for the collective sales mechanism to work in the current cycle, owners must adopt reasonable expectations on price in order to pique the interest of developers and for developers to appreciate that replacement costs for owners have increased substantially.”

The commercial market in 1Q2023 was mostly quiet, however two noteworthy transactions include the sale of 39 Robinson Road to Yangzijiang Shipbuilding for $399 million, and Frasers Centrepoint Trust and Frasers Property’s acquisition of a 50% stake in Nex for $652.5 million.

The industrial sector saw an increase in investment sales in 1Q2023, rising 62.8% q-o-q to $681.1 million. Knight Frank attributes this to the market shifting focus while waiting on the potential repricing of assets in the commercial sector. Notable industrial deals last quarter include the acquisition of four Cycle & Carriage properties by M&G Real Estate at approximately $333 million, as well as the disposal of 12 and 31 Tannery Lane by Ho Bee Land for $115 million.

Knight Frank forecasts that investment activity in Singapore “will get worse before it gets better”, due to macroeconomic uncertainties and volatility in the global banking sector. Financing has become more challenging, and will remain so until there are visible signs of the global economy and financial conditions stabilising.

Consequently, the consultancy has downgraded its projections for full-year investment sales, from a range between $22 billion and $25 billion to a range between $20 billion and $22 billion. Investors will remain cautious as they monitor for signs of repricing before deciding on their next move.…

Shipyard at Benoi Road for sale at $11.3 mil

Posted on 4 April 2023

For a potential buyer looking to acquire an industrial site for shipbuilding, repair or maintenance activities, 1 Benoi Road in Jurong Industrial Estate offers an ideal opportunity. The property has a site area of over 500,000 sq ft with waterfront access, and is located at the junction of Benoi Road and Pioneer Road, roughly 24km from the City Centre. It includes a two-storey office block with a single-storey annexe office, three blocks of single-storey workshop, a mould loft building, a fabrication workshop and wharf.

The plot is regular in shape with a corner frontage of about 255m on Benoi Road and Pioneer Road, with an average plot depth of about 213m. Adjacent to it lies an approximately 230m frontage along the waterfront. It is generally at an access-road level with a flat contour, making it suitable for companies looking to expand their business.

Huttons Asia, the marketing agent for the property, has set a guide price of $11.3 million for the sale, which is subject to approval from relevant authorities. The EOI exercise for the property closes on April 27 at 3pm.

Recent transactions of industrial property in the vicinity of 1 Benoi Road may be indicative of the plot’s potential for future growth. In December 2020, a 328,105 sq ft plot at 5 Benoi Road was purchased at $10.5 million. Moreover, a shipyard with a site area of about 1.5 million sq ft at 55 Gul Road located 10 minutes away from 1 Benoi Road was acquired by ST Engineering for $95 million in February this year.

For anyone looking to take advantage of this rare opportunity to venture into shipbuilding or maintenance activities, 1 Benoi Road could make an ideal investment.…

GuocoLand sole bidder for Lentor Gardens GLS site at $985 psf ppr

Posted on 4 April 2023

GuocoLand and Hong Leong Group’s joint venture has emerged as the sole bidder for the 99-year leasehold residential government land sale (GLS) site at Lentor Gardens after the tender closed today, submitting a bid of $486.8 million. Translating to an estimated land rate of $985 psf per plot ratio (psf ppr), the two entities are looking to develop a new high-end residential project with around 533 units and 600 sqm of childcare facilities.

This is the first residential GLS tender to see only one bid since the tender of the Silat Avenue GLS site in 2018, which a consortium led by UOL Group won for $1.035 billion. The 1,074-unit Avenue South Residences was launched in September 2019 and is now fully sold.

Mark Yip, CEO of Huttons Asia, notes that the bid of $958 psf ppr is the lowest for a land parcel in the Lentor precinct. The $586.6 million bid for a GLS site at Lentor Hills Road (Parcel A) in January 2022 translates to $1,060 psf ppr, while the top bids for Lentor Central and Lentor Hill (Parcel B) were $481.03 million ($1,108 psf ppr) and $276.36 million ($1,130 psf ppr) respectively.

These two land parcels can yield about 470 and 265 units respectively, while the Lentor Gardens site has the potential to bring in 530 units. Steven Tan, CEO of OrangeTee & Tie, believes that the eventual launch at the site could see units priced around $1,950 to $2,050 psf.

The Lentor Gardens site is within walking distance of the Lentor MRT station and close to Thomson Nature Park and Yio Chu Kang Stadium and Sports Complex. Additionally, it is also about 1km away from CHIJ St Nicholas Girls’ School, which should be attractive to parents of school-going children.

Leonard Tay, head of research at Knight Frank Singapore, points out that all seven residential sites in Lentor – the five that have now been sold and the two still available for sale – could potentially bring about some 3,500 new units to the area, equating to almost 11,000 new residents.

This may deter developers from bidding given the possible oversupply of homes and the risk of being slapped with Additional Buyer’s Stamp Duty if they are unable to sell all units within five years, given the current economic outlook.

GuocoLand is set to launch the 598-unit Lentor Hills Residences, developed by GuocoLand, Hong Leong Holdings and TID. It follows GuocoLand’s launch of the 605-unit Lentor Modern integrated development last September, which is now 88% sold at an average price of $2,104 psf.

Two other GLS sites at Lentor are available for sale under the 1H2023 GLS Programme; a site at Lentor Central, capable of yielding 475 units, is expected to be launched for tender this month, while a 500-unit residential site at Lentor Gardens is listed on the Reserved List.…

Altura EC Bukit Batok West Avenue 8 Qingjian Realty at Le Quest Mall

Posted on 30 March 2023

Introducing Altura EC at Bukit Batok West Avenue 8 a brand-new executive condominium located in the middle of Bukit Batok Town. HDB, the public land sales agent for the government, has initiated a public tender for the Altura EC development at Bukit Batok West Avenue 8. Altura EC is estimated to hold up to 375 residential units and comes with a 99-year lease. Prospective bidders have until noon on 8th March 2022 to submit their bids, and the successful bidder can proceed to the property for evaluation once the bid is accepted.

Thanks to its proximity to the MRT station, Altura EC provides an extremely convenient location for commuters. The development of Qingjian Realty is just a minute away from the bus interchange and can be conveniently accessed by foot from the nearby Bukit Batok MRT station. In addition, several schools are within close vicinity to Altura EC, rendering it a great option for families. Property developers have an extensive amount of time to advertise their units as the lease for Bukit Batok West Avenue 8 has been extended.

Altura EC, a 99-year leasehold development, is poised to become one of the most desirable developments in the area due to its prime location on the eastern side of Bukit Batok West Avenue. Breaking ground on a 1.24 hectare land, it is estimated that Altura EC will have 375 executive condo units. It is also close to Jurong Innovation District and Tengah Town, and is located next to the upcoming Le Quest development by Qingjian Realty, slated for completion in 2021. The high bid for Altura EC was a joint venture between Qingjian Realty and Santarli Construction, at $266 million, equivalent to roughly $662 per square foot per plot ratio.

Given the location of the Altura EC Bukit Batok West Avenue 8 site on the 2021 Confirmed List of Government Land Sales, developer interest in this executive condo is anticipated to be strong. This site has a maximum gross floor area of 37,348 square meters, and is subject to a height restriction of between 60 and 70 meters, and is anticipated to yield 375 residential units. Winning developers can select the executive condo site according to its pricing bracket.

The Altura EC is expected to draw considerable interest from first-time buyers as well as people looking to upgrade from HDB flats, thanks to its prime location. With executive condominiums typically being more affordable than private condos, they present an ideal option for many Singaporean households. Tentatively scheduled for launch in Q2 2023, the pricing for the West Avenue 8 EC has been set at S$3,500 per square foot.

In the Altura EC Tender, a record breaking bid of S$662 psf ppr was jointly submitted by Qingjian Realty and Santarli, exceeding the former benchmark for executive condo land. This bid was 4.8% greater than the second-highest offer, put forward by Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.

Details of the Altura EC showflat and price list will soon be revealed to prospective purchasers. Visitors to the Altura EC showflat will be able to view the property and discover its various features and facilities, while the price list for individual units will be released in due course. The Altura EC project is set in an upcoming desirable residential neighbourhood, in West Avenue 8, close to the expanding Tengah region. In addition, the project has the added advantage of being in the vicinity of Bukit Batok Hillside Park and other future residential high-rises. Comprising 375 units in total, the executive condo at Altura EC is expected to be a very fairly priced offering in the surrounding area.

Altura EC is an ideal location for family housing, with a number of well-established educational institutions in Singapore in close proximity. Typically, plots in the vicinity are priced between $580 and $650 per square foot. The West Avenue 8 EC Tender presented by Qingjian Realty offers Singaporeans an exclusive chance to acquire property in one of the most rewarding districts in the country.

The imminent Jurong Region Line (JRL) is set to bring a wealth of convenience and enhanced accessibility to the residents of Altura EC. This integral addition to the Singapore Mass Rapid Transit (MRT) system will provide a transportation link to key areas in the western regions, including Jurong, Choa Chu Kang, and Tengah, bringing much needed improved connectivity.

Upon completion, residents of Altura EC will reap a plethora of benefits thanks to the JRL. These advantages will range from improved travel time, affordability and connectivity to greater accessibility of amenities, resources and employment opportunities. The integrated rail line will offer more efficient journeys, as it will provide direct links to business areas, leisure attractions and major public transport hubs. It is also projected to reduce journey times and help commuters reach their destination faster. In addition, the JRL will offer potential cost savings with its integrated fare structure, making it an attractive option for EC residents.

Furthermore, the integrated rail line will provide enhanced connectivity for commuters and enable them to access a wider range of amenities, resources and employment opportunities. The new line will also deliver improved transport infrastructure, smoother travel and greater accessibility for commuters and visitors alike.

The JRL will greatly enhance accessibility for Altura EC residents, allowing them to quickly reach important hotspots such as business centers, shopping malls, educational institutions and recreational areas. This enhanced connectivity will make it effortless for Altura EC residents to access work, school, or recreational activities.

Residents in Singapore can look forward to reduced travel times thanks to the upcoming Jurong Region Line (JRL). Connecting various parts of the city via a seamless MRT network, the JRL promises to provide more efficient and convenient commutes, especially for those travelling to and from the Jurong area. With the JRL, Singaporeans can expect smoother, faster journeys to their desired destinations.

The JRL is close in proximity to Altura EC, which is expected to increase the property value of the executive condominium over time. Good accessibility and connectivity are integral components when it comes to the real estate market, and the upcoming MRT line is likely to make the executive condo even more desirable for buyers and investors.

The JRL is projected to spur economic growth in the western part of Singapore, luring in more businesses and providing employment opportunities. Consequently, this could be advantageous for the people in Altura EC, as it would give them the chance to find jobs nearby, rather than travelling to distant parts of Singapore for work.

The JRL will further enhance the transport network in Singapore, providing linking connectivity from the Altura EC residents to other MRT lines such as the North-South Line, East-West Line, and Circle Line. This comprehensive transport network will offer convenience and increased travel options to commuters.

The Jurong Region Line (JRL) is set to bring numerous benefits to residents of Altura Executive Condominium (EC) in the western region of Singapore. The JRL will improve connectivity, shorten travel time, raise the value of properties, and open up more job opportunities. All these factors will combine to make Altura EC an appealing residence for those looking for a home in the western region.

The improved functionality of the JRL will significantly enhance the quality of life for those living in the Altura EC. By lessening journey times and providing greater access to employment, Altura EC residents will find their daily routine more convenient and enjoyable. Furthermore, the enhanced connectivity of the JRL will likely increase the market value of the premises, making Altura EC an even more attractive residential option.

In conclusion, the arrival of the Jurong Region Line will be a major boon to Altura EC’s residents. With its improved connectivity, reduced travel times, increased property value, and better access to job prospects, the JRL will contribute to Altura EC’s overall appeal as a prime residential choice in the western region of Singapore.

Altura EC in Bukit Batok Town has been designed to provide a great living experience, with lush greenery, excellent connectivity, and modern amenities and facilities. Its strategic location in the western region of Singapore ensures that there are plenty of amenities to cater to the needs of its residents. Altura EC offers a great combination of convenience and comfort, making it an ideal choice for those in search of a place to live and work. The club also has a multi-purpose court, allowing residents to participate in activities such as basketball, badminton, and futsal.

Altura EC is an ideal place for recreational and leisure activities, boasting several parks and recreational spaces including Bukit Batok Nature Park, Bukit Batok Hillside Park, and Bukit Batok Town Park (also referred to as Little Guilin). Residents can enjoy outdoor activities such as jogging, cycling, and picnicking in the green spaces. Furthermore, the Civil Service Club @ Bukit Batok features various sports and leisure amenities, like swimming pools, gyms, and bowling alleys, as well as a multi-purpose court for indulging in activities like basketball, badminton, and futsal.

Residents of Altura EC in Bukit Batok Town can experience a wide range of shopping and dining options. The West Mall shopping center has a host of stores, a supermarket, a cinema, and restaurants. Other possibilities include Bukit Batok Central, which has shops, eateries, and essential services.

Altura EC is a desirable location for families with school-going children, due to the presence of several reputable schools within the area. These are Bukit View Primary School, Keming Primary School, Bukit Batok Secondary School, and Millennia Institute, all ranging from primary to tertiary levels.

Altura EC’s location is equipped with a selection of healthcare facilities to meet the medical needs of inhabitants. Saint Luke’s Hospital, a neighbourhood hospital, offers medical services and rehabilitation, and Bukit Batok Polyclinic offers primary medical treatment. Additionally, there are several private clinics and dental practices spread throughout the town.

The connectivity near to Altura EC, Bukit Batok West Avenue 8, is excellent. Bukit Batok MRT Station on the North-South Line and the upcoming Jurong Region Line can be found close by, while the area is also served by an extensive bus network. Furthermore, major expressways, such as the PIE and BKE, make it easy to access the area.

Altura EC boasts a variety of community facilities, from the Bukit Batok Community Club to the Bukit Batok Public Library. These amenities provide a wide selection of activities, courses, and events for residents to get involved in, creating an inclusive and vibrant community.

Residents of Altura Executive Condominium are afforded a comprehensive selection of amenities that cater to their various needs. With its excellent connectivity, modern facilities and lush green spaces, Bukit Batok Town provides an attractive and well-rounded environment to call home. From the fitness corner to the pool, the neighbourhood provides a multitude of options for relaxation and recreation. Residents may take advantage of the volleyball court, the gym, the well-manicured gardens, and the basketball court. Shopping and dining options abound, and medical services and childcare facilities are also easily accessible. With so many amenities and advantages, Altura Executive Condominium is indeed an excellent place to live.

Being situated close to schools has a plethora of advantages, particularly for those with children. This is exemplified at Altura EC in Bukit Batok EC, which reaps the perks of its proximity to schools. Reduced travel times for both children and their parents lead to more efficient and less stressful routines. Moreover, this extra time can be put to good use with hobbies, extracurricular activities or quality time with family. The risk of accidents during commutes is also minimized due to lessened travel distance and time. Homeowners can take advantage of the cost savings on transportation such as bus fares or fuel, and the added bonus of an ever-appreciating asset value.
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Sited in Bukit Batok EC, Altura EC provides a key advantage for families to take into account when choosing where to live – its strategic location near to many schools. With close proximity to educational institutions, families get to enjoy a plethora of benefits, including convenience, safety, cost savings, and social benefits. Qingjian Realty, the developer of the EC, can attest to this by having a selection of schools nearby, such as Bukit Batok Secondary School, Bukit View Secondary School, Dazhong Primary School, Lianhua Primary School, St. Anthony’s Primary School, Hong Kah Secondary School, Swiss Cottage Secondary School, Hillgrove Secondary School, Dunearn Secondary School, and Keming Primary School. Altura EC creates a high-quality living environment, made even more remarkable by its proximity to schools.

Situated in an unbeatable location near shopping centers in Bukit Batok and Choa Chu Kang, Altura EC is the perfect choice for those who want the best of both worlds. The executive condominium development offers convenient access to a wide array of retail, dining, and entertainment options, providing residents with a truly unique lifestyle experience. The combination of a tranquil environment and the vibrancy of urban living offers the perfect balance of convenience and luxury.

Living near Altura EC comes with the added convenience of being close to two of the largest shopping malls in the area. West Mall in Bukit Batok and Lot One Shoppers’ Mall in Choa Chu Kang are both within easy reach of the residence and offer an extensive selection of retail stores, eateries, and entertainment outlets to meet the needs of Altura EC residents. Shopping at these malls is an enjoyable experience, as they have something for everyone to enjoy.

Sitting in the center of the residential town of Choa Chu Kang in the western region of Singapore, Lot One Shoppers’ Mall is a popular shopping, dining, and entertainment hub for locals and visitors alike. Since it opened in 1996, it has become a significant part of the local community, being the go-to spot for all things shopping and leisure for all who live nearby Altura EC. Boasting a vast selection of retail options, dining spots, and entertainment facilities, this mall caters to the various needs of its patrons and offers something for everyone.

Lot One Shoppers’ Mall is a great shopping destination with its excellent accessibility, as it is conveniently linked to Choa Chu Kang MRT station and bus interchange. This strategic position allows visitors to conveniently access the mall using public transportation. Those who choose to drive have the option of making use of the ample parking facilities provided. By virtue of its excellent connectivity to the transportation networks, Lot One provides effortless access for both local residents and visitors. Among the various shops located at Lot One include NTUC FairPrice Xtra, BHG and Popular Bookstore.

The Le Quest Mall in Bukit Batok, Singapore has been an exciting addition to the residential town. Exemplifying a perfect blend of residential units and a retail mall, it has become a prominent lifestyle destination for both locals and visitors. Providing a unique range of retail, dining and leisure options, it has become the go-to locale for shopping and recreation in the Bukit Batok vicinity. This innovative development aims to cater to the diverse needs of its patrons, bringing them a wide variety of top-notch experiences.

Le Quest Mall features an extensive assortment of retail outlets, making it the ideal destination for shoppers who seek a one-stop shopping experience. With a range of fashion, electronics, homeware, and lifestyle stores, customers can easily find the items they need and desire. The mall also includes a supermarket stocked with daily necessities and groceries, providing convenience to all the residents living in the integrated development.

The Urban Redevelopment Authority (URA) has created a broad-reaching Master Plan that outlines the vision and strategies for Singapore’s future growth and development over the next decade to fifteen years. This plan is in place to promote a sustainable, liveable, and vibrant city and its provisions will have far-reaching impact on areas surrounding the Altura EC development, such as Bukit Batok. All of these transformations should result in improved standards of living for those living in Altura EC.

The URA Master Plan has highlighted the significance of augmenting connectivity within and between various neighborhoods. Altura EC, in this regard, would benefit from the development of new roads, more efficient public transportation, as well as more comprehensive pedestrian and cycling networks. Such improvements will make it more convenient for Altura EC’s residents to travel within the precinct and across Singapore.

The Master Plan foresees the introduction of additional community resources, green zones, and leisure areas to upgrade the quality of life for citizens of Bukit Batok. Residents of Altura EC will be able to enjoy the new parks, playgrounds, and sports facilities that are expected to be added to the Bukit Batok region. These new features will supply a range of recreational options that would let citizens of the area relax, work out, and join in communal activities.

In line with the Master Plan, Altura EC is looking to invigorate existing commercial districts, as well as create new ones, to satisfy the varied requirements of the residents. This could lead to an even more entertaining experience, as additional shopping opportunities, eateries, and recreational facilities become accessible. With more choices, community members can live a more electrifying and stimulating life.

The URA Master Plan envisages the creation of new job prospects and the promotion of economic advancement through the formation of business hubs and industrial parks throughout Singapore. This can be exemplified in the changing face of the Bukit Batok region which has the potential to draw in fresh companies and industries, resulting in more job openings for citizens living in Altura EC to tap on. Such a move will ultimately lead to a harmonious blend of living, working and leisure, as well as reducing the demand for extensive travel to far away offices or factories.

The Master Plan lays heavy emphasis on sustainable development and environmental conservation, and this is being embraced by the new developments in Bukit Batok, like Altura EC, which are all set to incorporate green features and sustainable practices. These include energy-efficient building designs, the use of renewable energy sources, and improved waste management systems, all of which will contribute to the creation of a cleaner and more eco-friendly environment for residents to enjoy.

The URA Master Plan has put together an exciting prospect for the future of Bukit Batok, focusing on better connectivity, upgraded amenities, more job opportunities, and a strong emphasis on sustainability. As a result, the residents of Altura EC will be presented with a higher standard of living and a more dynamic environment as they witness the transformation in the area in the coming years.

The soon-to-arrive Tengah Town, located in the western region of Singapore, is expected to be a substantial development that will bring benefits to people in the vicinity, such as those living in Altura EC at Bukit Batok. Dubbed Singapore’s first “Forest Town” and designed to promote sustainability and green living, Tengah Town is expected to have an abundance of amenities, enhanced connectivity, and a lively living atmosphere. Altura EC residents should anticipate the advantages that the creation of Tengah Town will bring.

Tengah Town is envisioned to be highly connected via public transportation, with the launching of new MRT stations and bus networks. In particular, the impending Jurong Region Line (JRL) is set to facilitate access for Altura EC residents to services, amenities, and other parts of Singapore in a more effortless way, greatly diminished travel times. Convenience of traveling to other parts of the island nation is therefore increased, offering assertive opportunities to enjoy the whole country.

The development of Tengah Town will bring additional commercial and retail spaces to Altura EC, offering inhabitants a wide range of shopping, dining, and entertainment possibilities. Residents can expect to find an array of malls, supermarkets, restaurants, and cafes for an enhanced lifestyle that provides more choices right at their doorstep.

Tengah Town has been designed with a focus on green living and sustainability, incorporating ample parks, green corridors, and recreational areas. Residents of Altura EC can take advantage of the lush greenery, walking trails, cycling paths, and outdoor facilities that Tengah Town has to offer, providing opportunities for outdoor activities, exercise, and relaxation in a tranquil atmosphere.…

Tengah Town or Bukit Batok Town. A Battle of The Best Livable Housing Estate

Posted on 30 March 2023

Singapore is a small island city-state with a population of over 5 million people. The country is known for its efficient public transportation system, excellent healthcare, and high standard of living. One of the key contributors to Singapore’s high standard of living is its well-planned and well-designed public housing estates. Two of the most popular and livable housing estates in Singapore are Tengah Town and Bukit Batok Town. In this article, we will compare and contrast these two estates to determine which one is the best.

Tengah Town is Singapore’s newest public housing estate. It is located in the west of Singapore, adjacent to Choa Chu Kang Town. Tengah Town is designed to be Singapore’s first “forest town” with a focus on sustainable living. The town is expected to have 42,000 homes and a population of 100,000 when it is fully developed.

Bukit Batok Town, on the other hand, is an older housing estate that was built in the 1970s. It is located in the western part of Singapore and is known for its well-established infrastructure and amenities. Bukit Batok Town is home to around 140,000 residents and is one of the largest public housing estates in Singapore.

Transportation

When it comes to transportation, both Tengah Town and Bukit Batok Town are well connected to the rest of Singapore. Tengah Town is located near the upcoming Jurong Region Line and the Cross Island Line, which are expected to be completed by 2026 and 2030, respectively. These new train lines will make it easier for residents to travel to other parts of Singapore.

Bukit Batok Town, on the other hand, is located near the Bukit Batok MRT station, which is part of the North-South Line. The town is also well connected to major expressways, such as the Pan Island Expressway and the Bukit Timah Expressway, making it easy for residents to drive to other parts of Singapore.

Overall, both estates have excellent transportation connectivity, but Tengah Town may have a slight edge due to its proximity to the upcoming train lines.

Amenities

When it comes to amenities, Bukit Batok Town has a clear advantage over Tengah Town. Bukit Batok Town has a well-established infrastructure that includes shopping malls, supermarkets, hawker centers, sports facilities, and community centers. The town also has several parks and green spaces, such as Bukit Batok Nature Park and Little Guilin.

Tengah Town, being a new estate, is still in the process of developing its amenities. However, the town is expected to have several parks and green spaces, as well as community facilities, such as a community center and a market. Tengah Town will also have a unique feature known as the Forest Corridor, a continuous forest that connects the Western Water Catchment area to the Central Catchment Nature Reserve.

Overall, while Bukit Batok Town has more established amenities, Tengah Town has a unique feature that sets it apart from other housing estates in Singapore.

Housing

When it comes to housing, both Tengah Town and Bukit Batok Town offer a variety of options for residents. Tengah Town has a mix of flats, including 2-room, 3-room, 4-room, 5-room, and executive flats. The flats are designed to be energy-efficient and have features such as smart lighting and air conditioning systems.

Bukit Batok Town also has a variety of flat types, including studio apartments, 2-room, 3-room, 4-room, 5-room, and executive flats. The flats are well designed and have been upgraded over the years to keep up with modern standards.

One advantage of Tengah Town’s housing is that it has been designed with sustainability in mind. The town is built around the concept of the “Forest Town,” with green spaces and parks incorporated into the design. The flats are also designed to be energy-efficient, with features such as solar panels and rainwater harvesting systems.

On the other hand, Bukit Batok Town’s flats have been around for several decades and may require more maintenance than Tengah Town’s newer flats. However, the older flats in Bukit Batok Town have the advantage of being larger and more spacious than some of the newer flats in Tengah Town.

Overall, both estates offer a variety of housing options for residents, but Tengah Town’s focus on sustainability may be a significant advantage.

Community

The community is an essential aspect of any housing estate. Both Tengah Town and Bukit Batok Town have active and engaged communities, with regular events and activities organized for residents.

Bukit Batok Town has a well-established community with several active grassroots organizations. The town also has a variety of community centers and clubs, including a senior citizens’ club and a sports club.

Tengah Town, being a new estate, is still developing its community. However, the town has several community facilities in the works, including a community center and a market. Tengah Town also has several parks and green spaces that can be used for community activities.

Overall, both estates have active and engaged communities, but Bukit Batok Town’s more established grassroots organizations may give it a slight advantage in this category.

Conclusion

In conclusion, both Tengah Town and Bukit Batok Town are excellent housing estates with their own unique strengths. Tengah Town is a new estate with a focus on sustainability and a unique “Forest Town” concept. The estate is still developing its amenities, but its energy-efficient flats and green spaces make it an attractive option for those looking to live in a sustainable community. On the other hand, Bukit Batok Town is an older estate with well-established amenities, including shopping malls, sports facilities, and community centers. The estate’s larger and more spacious flats may also be an advantage for some residents.

Ultimately, the choice between Tengah Town and Bukit Batok Town will depend on individual preferences and priorities. Both estates are well designed and well connected to the rest of Singapore. Whether you prioritize sustainability or established amenities, both estates offer excellent livability and are great options for those looking for public housing in Singapore.…

Why Tengah Town at District 23 is the Most Highly Anticipated Housing Estate in Singapore

Posted on 30 March 2023

Tengah Town, located in the western region of Singapore, has been touted as the most highly anticipated housing estate in Singapore. This is not just because it is Singapore’s first smart and sustainable town, but also because of the many unique features that set it apart from other housing estates in the country. From its eco-friendly design to its abundant green spaces, Tengah Town is poised to become one of the most sought-after residential areas in Singapore. In this article, we will explore why Tengah Town is the most highly anticipated housing estate in Singapore.

Smart and Sustainable Design

Tengah Town has been designed with a focus on sustainability and smart technology. The town’s infrastructure includes a network of sensors and cameras that monitor everything from traffic flow to waste management, allowing for better efficiency and cost-effectiveness. The town is also designed to be energy-efficient, with features like solar panels and rainwater harvesting systems that reduce its carbon footprint. All these features are aimed at creating a town that is not only livable but also environmentally sustainable for future generations.

Abundant Green Spaces

One of the most significant selling points of Tengah Town is its abundance of green spaces. The town is designed to be a “forest town,” with lush greenery and biodiversity integrated into its landscape. The town’s planners have set aside more than 700 hectares of land for green spaces, including parks, nature reserves, and a central park spanning over 20 hectares. The green spaces are designed to provide residents with a respite from urban life and to promote a healthy lifestyle. The town’s planners hope that the abundance of green spaces will create a strong sense of community and promote social cohesion among residents.

Excellent Connectivity

Tengah Town is well-connected to the rest of Singapore, making it an ideal location for people who want to live away from the hustle and bustle of the city but still have easy access to amenities. The town is located near major expressways such as the Pan Island Expressway (PIE) and the Bukit Timah Expressway (BKE), making it easy to travel to other parts of Singapore. The town is also serviced by the upcoming Jurong Region Line, which will provide residents with seamless connectivity to the rest of Singapore.

Affordable Housing Options

Tengah Town offers a range of affordable housing options for Singaporeans. The town’s planners have designed a mix of public and private housing to cater to different income levels. The public housing in Tengah Town will include flats with a lease of 99 years, as well as studio apartments for elderly residents. The private housing options in Tengah Town will include executive condominiums (ECs) and flats with shorter lease periods of 99 years or less. The range of affordable housing options in Tengah Town is designed to ensure that everyone, regardless of their income level, has access to comfortable and affordable housing.

Exciting New Amenities

Tengah Town will be home to a range of exciting new amenities that are not currently available in other housing estates in Singapore. These amenities include a car-free town centre, where pedestrians and cyclists can roam freely, and an integrated transport hub that will provide seamless connectivity to other parts of Singapore. The town will also have a “smart” hawker centre that will incorporate technology to improve efficiency and reduce waste. The town’s planners have also set aside space for community farming and urban agriculture, which will allow residents to grow their fruits and vegetables.

Conclusion

Tengah Town is poised to become one of the most sought-after residential areas in Singapore. With its focus on sustainability, abundance of green spaces, excellent connectivity, affordable housing options, and exciting new amenities, it is not hard to see why. The town’s planners have put a lot of thought into creating a livable and healthy environment that promotes a strong sense of community and social cohesion among residents.

In addition to the above features, Tengah Town is also designed to be a pedestrian-friendly town. This means that most of the amenities, such as shops, schools, and parks, are within walking distance of the residential areas. This is a welcome change from the usual Singaporean housing estates, where residents have to rely on public transport or cars to access amenities.

Another exciting feature of Tengah Town is its “smart” technology. The town’s infrastructure includes a network of sensors and cameras that monitor everything from traffic flow to waste management, allowing for better efficiency and cost-effectiveness. This will make the town more sustainable and environmentally friendly, reducing its carbon footprint and contributing to Singapore’s overall goal of becoming a smart city.

Overall, Tengah Town is a unique and innovative housing estate that is set to redefine what it means to live in a sustainable and healthy environment in Singapore. With its focus on green spaces, affordable housing, excellent connectivity, and exciting new amenities, Tengah Town is the most highly anticipated housing estate in Singapore, and it is not hard to see why.…

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