Altura executive condo 88% sold in second-timer balloting

, as well as the most up-to-date property transacted prices.

, Singapore offers a variety of condominiums in different locations. These can range from luxury apartments to budget-friendly units, all of which offer a great investment opportunity.

Singapore Condo investors can expect to benefit from higher rental yields, potential capital appreciation, low maintenance fees and taxes. These are attractive returns for those who are looking for a great investment opportunity in the real estate market. Additionally, condominiums offer a range of amenities, such as swimming pools, gyms, and 24-hour security, which make them extremely attractive as second homes and investment properties. With the right information and experience, investing in Singapore Condo can be highly profitable in the long run.

Demand for Altura Executive Condo in Bukit Batok West Avenue 8 is very strong, with 95 units sold during the second-time HDB buyer balloting on Sept 16th, representing a take-up rate of 87.5%. Average prices of units sold were at $1,470 psf.

Ismail Gafoor, PropNex CEO, explains the strong demand for second-time buyers; citing ECs as a compelling choice given their affordability and potential for capital appreciation in the future. It is also the first EC launched in Bukit Batok since 2001.

Furthermore, taking into account the increasing EC land rate following a recent land tender, some buyers may want to move in earlier than planned, in anticipation of further price hikes.

Altura is located near the future Tengah Integrated Transport Hub and Anglo-Chinese Primary School, and is popular among first-time buyers, according to Marcus Chu, CEO of ERA Singapore.

Huttons Asia’s CEO Mark Yip believes the rising demand for ECs is likely due to the upfront remission of Additional Buyer’s Stamp Duties (ABSDs).

If you are keen on exploring the properties of Altura, comprehensive data on all ECs, including the estimated profit at 5 and 10 years, as well as the most up-to-date transacted prices, are available. 45 units remain in the 360-unit EC.