CDL is top bidder for EC site at Bukit Batok West Ave 5 at $626 psf ppr

If you’re searching for a deluxe home, Bukit Panjang Executive Condominium offers three-bedroom systems, which include a research study. These units are readily available for rent at a cost effective rate. Much of these devices are provided and furnished. Some systems additionally feature roof terraces.

Senja Residences Location

Shopping malls in Bukit Panjang are comfortably located near MRT terminals. For example, Bukit Panjang LRT terminal is right next to the Hillion Mall. Likewise, two below ground car parks are readily available for comfort. The shopping center is additionally obtainable via public transportation, including buses as well as LRT.

Future average asking price of units at the Bukit Batok West Opportunity 5 website might start from $1,300 psf, keeps in mind PropNex’s Wong.

” We are really happy to emerge as the top prospective buyer for this snugly disputed EC website in Bukit Batok West, specifically at such a slim margin of triumph,” says CDL team CEO Sherman Kwek.

City Developments (CDL) arised with the leading proposal of $336.068 million, or a land rate of $626 psf per story proportion (psf ppr). The second highest quote from Sim Lian Group was simply 0.17% reduced, at $625 psf ppr.

Tricia Song, CBRE’s head of research study for Southeast Asia, notes that the land rate is listed below the $662 psf ppr for the EC website at Bukit Batok West Avenue 8 site that was granted in March to a joint endeavor in between Qingjian Realty and also Santarli Construction.

The executive condo (EC) website at Bukit Batok West Avenue 5 drew four bids at the close of its tender. This is the lowest number of bids tabled for an EC website given that 3 quotes were put for the EC story in Anchorvale Crescent (currently Prize Crest) in January 2015, says PropNex Real estate’s head of research study as well as web content Wong Siew Ying.

Meanwhile, PropNex’s Wong believes CDL most likely joined this tender to safeguard its market position, having purchased the neighboring Tengah Garden Walk EC site in June of in 2015 at a land rate of $603 psf ppr. Copen Grand is expected to go for the site in 4Q this year.
Map and also overview of Bukit Batok West Ave 5 website, which is adjacent to the EC website at Bukit Batok West Ave 8
Ought to CDL be awarded this site at Bukit Batok West Opportunity 5, it will check out an EC project consisting of 10 blocks of 12 to 13 floors with around 510 household devices and also a basement parking lot. “Given the website’s closeness to the upcoming Tengah New Town and also Jurong Lake Area, it will gain from easy access to a vast array of features and good connectivity to such a key organization, lifestyle and also tourist center,” says CDL’s Kwek.