Altura executive condo 88% sold in second-timer balloting

and read our comprehensive analysis about ECsAverage capital appreciation of ECs over 5 and 10 yearsOn Sept 16, a highly-anticipated balloting of Altura Executive Condominiums (ECs) at Bukit Batok West Avenue 8 in Singapore was held, with 95 units being sold. This brought the take-up rate to 87.5%. The average price of units sold was recorded at $1,470 psf, with mainly four- and five-bedroom plus flexi configurations being offered.

Ismail Gafoor, the CEO of PropNex, explains that the strong demand for Altura amongst second-timers was not surprising, considering executive condos remain a good option for individuals looking to upgrade from HDB flats due to their more affordable pricing and potential for capital appreciation in the future. With EC land rates hitting a new high in the recent land tender, some buyers may feel the need to move quicker to avoid increasing prices.

Altura is the first EC to be launched in Bukit Batok since 2001 and has been well-received by first-time buyers, according to Marcus Chu, CEO of ERA Singapore. It will be located near the future Tengah Integrated Transport Hub as well as Anglo-Chinese Primary School.

Mark Yip, the CEO of Huttons Asia, comments on the robust demand for ECs that also come with upfront remission on additional buyers’ stamp duty [ABSD].

There is also a children’s playground for the little ones. All these amenities are conveniently located within the heart of Orchard. The Orchard Boulevard Condo allows one to experience the best and most luxurious living in Singapore.

Huttons Asia provides an analysis of average capital appreciation of ECs over 5 and 10 years. And those interested in Altura properties can check out their latest listings for more details.