Analysts are expectant of keen level of competition for a compounded residential and commercial webpage in Bukit Batok — the primary site post for sale in the vicinity in several years.
The 99-year-leasehold site on Bukit Batok West Road 6 opened their gates for sale by way of public painful yesterday by Urban Redevelopment Authority (URA).
The 16, 696. six sq meters plot may possibly yield regarding 425 personal units or higher to 6, 000 sq meters of uncouth floor part of commercial space, URA talked about in a record.
It is amongst four examined list online sites under the Federal Land Profits programme just for the primary half of the 2010 season.
The site concerns 1km out of Bukit Batok MRT section, and not far away from amenities which include Millennia Fondation, Bukit Batok Polyclinic and West Shoe store.
Analysts shared with The Straits Times the location could win much attraction from creators and option traders.
We hope keen level of competition for the mixed website in Bukit Batok To the west Avenue six as generally there have not been any property sites which were launched accessible in Bukit Batok in the last three to four years, stated a advisor.
The forthcoming high-speed track terminus in Jurong East and the change of the Jurong Gateway organization precinct may also have a positive spillover impact on Bukit Batok, which is close to Jurong.
An additional said the upcoming development of Jurong Development District – announced in Budget 2016 – is usually another attract. The region, envisioned because an commercial park of the future, will be constructed as part of the Government’s push to encourage development.
Analysts estimation the site sensitive to attract approximately eight or perhaps 10 offers.
The top successful bid can range among $570 and $620 psf per storyline ratio. The developer could be selling the residential models from $1, 150 to $1, 200 psf onwards, said 1.
Another desires residential models to be costing about $1, 000 psf, with a bet price of $530 to $610 psf per storyline ratio.
There ought to be keen curiosity from HDB upgraders, including those on Bukit Batok new township, as the selling price can be close to amateur for individual homes.