Bukit Batok EC Development Fund

Type of Development

Residential

Year of Development

2022

Location

Bukit Batok West Avenue 8, Singapore

Tenure

99-Year Leasehold

Number of Units

360 units

Site Area

12,449 sqm / 134,003 sqft

About The Project

ZACD Group proudly brings you the Bukit Batok EC Development Fund.
Located in an area where private housing supply is fairly limited, with the last private residential project there being the nearby Le Quest, which saw hot take-up when it launched in August 2017. The vicinity offers plenty of amenities such as food and beverage outlets at Le Quest Mall, the upcoming Tengah estate, West Scape, West Hill and West Mall. There are also many schools located within 2km from the EC site, which includes DazhongPrimary School, St. Anthony’s Primary School, Dunearn Secondary School, Millenia Institute and Dulwich College. Nearest MRT station is Bukit Gombak MRT station and located within 15 minutes drive to Bukit TimahNature Enclave and 5 minutes drive to the Pan-Island Expressway.

Dwindling supply and rising demand for EC units have meant that EC prices have continued to rise over time. Over the past five years, the price growth of ECs has outpaced condominiums. From 2016 to 2020, EC prices increased by 27.9 per cent, while non-landed private home prices rose at a slower pace of 19.2 per cent. The EC market is currently driven by demand for cheaper, bigger homes by millennials and first-time buyers. Hence, ECs are least affected by the recently announced property cooling measures and wealth property taxes as it tend to appeal to first time home-owners and HDB upgraders.

The completed development will bear the Green Mark GoldPLUS(Super Low Energy) rating, which will become a significant selling point to attract buyers in the coming years as more emphasis are placed on climate change and net zero strategy around the globe.

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