Bukit Batok EC is a prime location for a high-end executive condominium. The site is located at Bukit Batok West Avenue 8. The developer, HDB, launched a public tender to sell the land for the development. As per the bid, the price range for Bukit EC is between S$300m and S$550m. The project is expected to be completed in 2022. Its construction will commence in the first half of 2017.
The Bukit Batok EC site is about 12,449.3 sqm in area, and will offer up to 375 units. It is located in a mature estate with established schools. There may be eight to twelve bidders for this upcoming project. A winning bid could be as high as $241.2 million based on current land pricing of $600 to $650 per square foot per plot ratio, which is a reasonable estimate.
Buyers of ECs are typically looking for a longer-term residence, rather …
