Tengah Plantation Loop EC site is a prime location for new condominiums. Located near Bukit Batok MRT station, the plot is expected to yield about 375 units. It is also close to prime commercial properties. Moreover, the site is well-connected by bus.
It is the first private development in the area. It will have about 375-400 units and is expected to receive a high take-up rate. It is also located near Jurong East Shopping Centre and the Le Quest shopping mall. The area is expected to witness strong demand for new condos as it is convenient to access various amenities. Also, the project is located within walking distance to the Bukit Batok MRT station.
Tengah Plantation Loop EC is slated to be completed in June 2022, making it a good time to invest in a condominium here. This development project will include a mix-use community, which will feature both residential and commercial units. The market for ECs is expected to remain healthy for the next few years.
Tengah Plantation Loop EC will be launched in the second quarter of 2016, with 375 units initially, with the full project expected to contain 859 units. As the Bukit Batok area is already home to one private condominium project, there is a chance that this EC will attract many developers to the area. Moreover, the Bukit Batok EC will compete with other new developments such as Le Quest in the same area.
Tengah Plantation Loop EC is a unique project because it is located in a western part of Singapore. It has easy access to major shopping areas, such as Jurong East Shopping Centre and Ikea Tampines. It is also close to the future MRT station.
This new EC is located within an evergreen forest town and will feature some of the best green technologies and features. It is also conveniently located near Lakeside Garden and Bukit Batok Hillside Park. This EC is for those who aspire to live in a timeless, elegant and environmentally friendly environment.
In Tengah Plantation Loop EC, residents will find a unique and holistic setting. It is Singapore’s first “green town” and the first ever concept of a “city within a forest”. The project combines a natural environment with urban buildings to create the first true concept of an urban forest metropolis. The town is a community-driven urban development project that emphasizes nature and sustainability.
The development company, Taurus Properties SG, a wholly-owned subsidiary of City Developments Limited and a joint venture partner with MCL Land, plans to develop 620 residential units spread across 12 blocks with up to fourteen storeys. The development is also expected to offer amenities like a sports centre and a polyclinic. The development will be located in a prime location near several public facilities such as the Bukit Timah Nature Reserve and a number of greeneries. The development is also close to many educational institutions.
ECs are also less expensive than comparable condos. Depending on their size, ECs can be priced up to 20% less than comparable condos during their initial launch period. As such, they are a less expensive option for first-time homebuyers, but they will still have less price appreciation than condominiums.
There are two types of CPF housing grants for first-time apartment purchasers. The first is the EHG, which is for first-time homebuyers, and the second is the Step-Up CPF Housing Grant, which is reserved for people who want to upgrade from a public rental flat or subsidised two-room flat. First-time applicants would most likely be looking at the EHG, which is based on household income for the past 12 months.
Another type is the proximity housing grant, which gives you up to $15,000 for your first apartment. If you live within four kilometers of your parents, you qualify for this grant. It is available for people who want to live near their parents, but who want more flexibility in terms of where they live.
In addition to the Basic CPF Housing Grant, the Enhanced CPF Housing Grant is aimed at helping lower and middle-class couples in Singapore afford a new home. This grant can be put toward the purchase price of an HDB flat. It is available to people who are in a single or married couple with an income of less than $9,000 per month. This is calculated by taking the average monthly income of the couple in the previous 12 months.
Residents at Bukit Batok EC will have easy access to public transport and several hawker centres. The Bukit Batok MRT station is only 3 minutes away and the Bukit Batok bus interchange is also nearby. The condo is near several hawker centres and the West Mall Shopping Centre, which has a very impressive lease period.
The condo is expected to fetch an average price of S$662 per square foot, making it a good choice for first-time buyers. Its prime location is also close to Le Quest shopping mall. As such, it is expected to attract eight to twelve bidders. The developer is expected to fetch at least $241.2 million for the condo, which is close to $650 per square foot. However, if the project is well received, the price could be even higher.
The EC is expected to launch alongside other new BTO projects in the area. The project is located in Bukit Batok, which is near the Jurong East Shopping Centre. It is also near the upcoming Copen Grand EC development, a joint venture of Singapore Premier Developers CDL and MCL Land. It will have 620 residential units spread over 12 blocks. The BTO projects are expected to boost the demand for residential units in the region.
We will talk about the construction of Jurong East Central Condo Capitland and what facilities are nearby. We will also talk about the price of this development and what facilities are available nearby. Before purchasing a unit, you should know all the information about the development. This will help you make a better decision.
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