Altura executive condo 88% sold in second-timer balloting

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Take-up rate for Altura executive condominium (EC) at Bukit Batok West Avenue 8 was a strong 87.5% when it opened for second-time HDB buyers on Sept 16. 95 units were sold at an average price of $1,470 psf, leaving only 45 units still available out of the total 360.

The eagerness of second-timers to purchase Altura EC is hardly surprising. Marcus Chu, CEO of ERA Singapore, revealed that the first-time buyers had already been drawn to it. This is due to its attractive pricing and the potential for successful capital appreciation. Moreover, the EC is situated near the future Tengah Integrated Transport Hub and Anglo-Chinese Primary School.

PropNex CEO Ismail Gafoor too cites the competitive pricing of Executive Condominiums, as well as the recent record-breaking land tenders further driving up prices as factors in the high demand for Altura. Mark Yip, CEO of Huttons Asia, notes that the additional buyer’s stamp duty [ABSD] is being received as an upfront remission, adding to the appeal of ECs among prospective buyers.

The addition of the upcoming Jurong Region Line will result in rapid development around its many stations. Lumina Grand EC residents will now benefit from new shops, cafes, and leisure activities only a short distance away. With its easy commuting via public transport, Lumina Grand EC is primed for growth with the introduction of the JRL. The development of mall and entertainment hubs nearby promises convenience and new experiences for residents of the luxuriously appointed EC.

Interested buyers can head over to this page to explore more comprehensive data about all ECs, including the average profit at 5 and 10 years. With only 45 units left, why wait? If you’re looking to make the switch, Altura EC is surely one of your best options.