Altura executive condo 88% sold in second-timer balloting

from PropNex, ERA, Huttons and other agencies.

Situated in a haven of convenience with Havelock MRT Condo station at its doorstep, Zion Road Condo offers the ultimate lifestyle for the discerning resident. Easy and swift access to all parts of Singapore is at one’s fingertips – it is the kind of convenience that is hard to come by. Shopping centers such as Great World City are within easy reach, offering supermarkets, cafes, and restaurants. Furthermore, the vibrant nightlife of Singapore is just a few minutes away.

The strong demand for executive condos in Bukit Batok is evident from the second-time HDB buyers balloting at Altura executive condo (EC) on Sept 16, which saw 95 units sold. This brings the take-up rate to an impressive 87.5%. The average price of the units sold was $1,470 psf, with mainly four- and five-bedroom plus flexi configurations.

Ismail Gafoor, PropNex CEO, commented that this is not so unexpected, given the affordability and capital appreciation potential of executive condos for HDB upgraders. With the land rate for ECs hitting a record-high in a recent land tendering process, some buyers may want to move sooner rather than later in case prices start inching up.

At present, there are only 45 remaining units of the 360-unit EC at Bukit Batok West Avenue 8. This is the first EC to be launched in Bukit Batok in over 20 years, and it was well received by first-time buyers according to Marcus Chu, CEO of ERA Singapore. Homeowners can also benefit from its proximity to the Tengah Integrated Transport Hub and Anglo-Chinese Primary School.

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Take a look at our comprehensive data for executive condos with the average profits at 5 and 10 years. It is becoming increasingly clear that executive condos are seeing robust demand from buyers due to the upfront remission on additional buyer’s stamp duty [ABSD], commented Mark Yip, CEO of Huttons Asia. Altura properties have listings available from PropNex, ERA, Huttons and other agencies – so don’t forget to check them out.