Altura executive condo 88% sold in second-timer balloting

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The take-up rate for the 360-unit Altura Executive Condo (EC) at Bukit Batok West Avenue 8 hit 87.5% after second-time HDB buyers participated in the balloting event held by Qingjian Realty and Santarli Realty on Sept 16. Of the 360 units, 95 were sold, and the average price of units sold was $1,470 psf.

Ismail Gafoor, PropNex CEO, opines that the strong demand for Altura EC comes as no surprise, particularly with first-time buyers. ECs provide an attractive prospect to HDB upgraders, thanks to its comparatively more affordable pricing and the prospect of decent capital appreciation in the future.

The Woodlands Condo features a unique design, blending modern architecture with lush greenery and recreational options like openair volleyball court, a 50m swimming pool, and a gym, making it a truly distinctive living experience. It is also conveniently located near public transportation and shopping malls, making it easy to get around. Woodlands Condo is an excellent option for those looking for a modern and comfortable living experience.

Altura, which is the first EC launch in the Bukit Batok area since 2001, is located near the future Tengah Integrated Transport Hub and Anglo-Chinese Primary School, noted Marcus Chu, CEO of ERA Singapore.

Mark Yip, CEO of Huttons Asia, shares that ECs continue to enjoy robust demand with buyers given upfront remission on additional buyer’s stamp duty (ABSD).

Explore the comprehensive data on ECs and get key insights about the average profit at 5 and 10 years here.You can also check out the latest Altura listings.

With only 45 units left in the development, it is a great time to act now and capitalise on the potential of Altura. With record-breaking land rate tender recently, there could be worries of prices increasing further in the future, so be sure to make your move soon!