{"id":139410,"date":"2023-10-02T08:19:21","date_gmt":"2023-10-02T01:19:21","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/around-1900-choa-chu-kang-october-2023-bto-flats-to-be-launched-an-altura-ec-unit-sets-new-price-record-of-1585-psf-and-more\/"},"modified":"2023-10-02T16:38:54","modified_gmt":"2023-10-02T09:38:54","slug":"around-1900-choa-chu-kang-october-2023-bto-flats-to-be-launched-an-altura-ec-unit-sets-new-price-record-of-1585-psf-and-more","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/around-1900-choa-chu-kang-october-2023-bto-flats-to-be-launched-an-altura-ec-unit-sets-new-price-record-of-1585-psf-and-more\/","title":{"rendered":"Around 1,900 Choa Chu Kang October 2023 BTO Flats to be Launched, An Altura EC Unit Sets New Price Record of $1,585 PSF, and More"},"content":{"rendered":"


\n26 September to 2 October 2023
\nAltura, an executive condominium (EC)\u00a0at Bukit Batok West Avenue 8, has sold a 980 sq ft unit for $1.55 million, which works out to a record price for an EC: $1,585 per sq ft (PSF). Meanwhile, HDB will launch around 1,900\u00a0BTO\u00a0flats across two projects in Choa Chu Kang in the upcoming October 2023 BTO launch.
\n\u00a0
\n1. Altura EC unit sets new record price of $1,585\u00a0PSF
\nAltura, an EC development project at Bukit Batok West Avenue 8, has sold a 980 sq ft unit for $1.55 million, reported Singapore Business Review.
\nThis works out to $1,585 PSF, setting a new high for an EC unit. It surpassed the previous record set by a Copen Grand unit, which was sold for $1,499 PSF.
\nA joint project of Qingjian Realty and Santarli Construction, the EC development also \u201ctopped the best-selling project list in August 2023, with a total of 225 units sold at a median price of $1,480 PSF,\u201d said Singapore Realtors Incorporated (SRI).
\nTo date, the development has sold 315 out of its 360 available units.
\n\u201cThis translates to an impressive take-up rate of 87.5%, signifying the appeal and the popularity that Altura has garnered amongst prospective home buyers,\u201d noted SRI.
\n\u00a0
\n2. Around 1,900 BTO flats will be offered in the Choa Chu Kang October 2023 BTO project
\nHDB\u00a0will launch around 1,900 BTO flats across two projects in Choa Chu Kang in the upcoming sales exercise in early October 2023, reported CNA.
\nWith waiting times of three years and three months to four years, Rail Green I and II @ CCK comprises 12 residential blocks of 13- to 31-storeys. They will offer a vast selection of flat sizes, including 5-room and 3Gen flats.
\nRail Green I @ CCK, which has over 870 units, will have one of the shortest waiting times among the projects set to be launched in this month\u2019s sales exercise. Other projects to be offered are in Kallang\/Whampoa, Tengah, and Queenstown.
\nThe units will be oriented to offer panoramic views of Pang Sua Canal as well as a linear green area, allowing residents to enjoy green living as much as possible.
\nTo celebrate the area\u2019s heritage, the Rail Green precinct\u2019s courtyard will have a train-themed playground for children, while the precinct\u2019s walkways will feature floor designs resembling railway tracks.
\n\u00a0
\n3. Queenstown to get new parks and cycling paths
\nQueenstown residents can look forward to various enhancements and upgrades in their town within the next five to 10 years as part of the Remaking Our Heartland (ROH) programme, said the HDB.
\nThe rejuvenation plans for Queenstown are focused on introducing new facilities and green spaces, improving connectivity, creating more senior-friendly neighbourhoods, and preserving the town\u2019s heritage.
\nHDB and SportSG, for instance, will set up an ActiveSG Gym at Queensway Canopy to encourage residents to get active. It will be the first gym within a housing development.
\nNew parks with themed facilities, nature play elements and sheltered seating will be introduced across the town, while existing neighbourhood parks and green spaces will be upgraded.
\nNew cycling paths linking to neighbouring towns such as Clement and Bukit Merah will also be implemented to promote a green and active lifestyle among residents.
\nMeanwhile, six existing Neighbourhood Centres will be given an upgrade, with enhancements including wider centre dividers and barrier-free ramps to cater to seniors.
\n\u00a0
\n4. Private non-landed home prices grow at a slower pace in August 2023
\nThe Singapore Residential Price Index (SRPI) saw prices for private non-landed homes rise at a slower pace of 0.7% in August 2023, compared to the 1.1% growth registered in July 2023.
\nThe sub-index for the Central region, excluding small units, showed that prices climbed 0.8% in August, while the Non-Central region posted a 0.7% growth. This is slower than the 1.2% and 1.1% increases registered, respectively, in the previous month.
\nPrices for small units rose 0.3% in August 2023, down from July 2023\u2019s 0.4% hike.
\nHuttons Asia CEO Mark Yip said the resale condominium market \u201cbenefited from the robust HDB market and lack of new project launches\u201d in August 2023, reported Singapore Business Review.
\n\u201cA record high of 54 HDB flats were sold for a million dollars or more which provides HDB upgraders the cash to buy a resale condo,\u201d he added.
\nLooking ahead, he expects the robust HDB market to continue to support the resale condominium market. However, he believes the uncertain economic environment and high interest rates will temper price gains.
\n\u00a0
\n5. Some damage was seen at Hazel Park condominium following the bomb disposal operation
\nResidents of the Hazel Park condominium have reported some damage to their units, following the controlled detonation of a World War II bomb at an Upper Bukit Timah construction site.
\nThe Hazel Park condominium is within a 200m radius of the bomb detonation site, with the residents among those required to vacate their homes during the operation by the explosive ordnance disposal unit of the Singapore Armed Forces.
\nAlthough most of the residents who evacuated found no damage to their condominium upon their return, some spotted damage in the condominium\u2019s common areas.
\nPhotos shared in a residential chat group showed cracked windows cordoned off with tape and pieces of fallen plaster.
\n\u201cI saw cracks in this side glass panel of the door in Block 21\u2019s main lobby. Block 21 is one of the two blocks facing the blast site,\u201d a Hazel Park resident told CNA.
\nThe Building and Construction Authority (BCA) stated that Hazel Park condominium as well as other buildings within 200m of where the bomb was discovered were found to be structurally safe by its engineers.
\nThis comes as buildings within the city-state are structurally designed to withstand tremors, which include \u201ceffects of a blast from a distance\u201d, it added.
\n\u00a0
\n6. Lack of new launches pushed up condo resale prices
\nThe lack of new launches has forced prospective buyers to turn to the resale market, leading to a 1% year-on-year hike in prices in August 2023, reported Singapore Business Review.
\nDespite the launch of five new projects in August 2023, OrangeTee noted that all of the projects were small or mid-sized with not more than 500 units. The biggest project was Altura, an EC, which means most buyers may be ineligible to buy.
\nAside from the lack of new launches, Huttons Asia also attributed the resale price hike to the robust HDB market.
\nMoving forward, the resale volume is not expected to increase significantly \u201cas many homeowners may keep their units for occupation or rental income\u201d, given that prices for new homes have remained elevated, said OrangeTee.
\n\u00a0
\n7. Bedok, Woodlands sites earmarked for residential development
\nLand plots in Woodlands and Bedok have been earmarked for future residential development, with the sites expected to yield up to 2,000 new housing units, reported The Business Times.
\nProposed amendments to the 2019 Master Plan gazetted by the Urban Redevelopment Authority (URA) showed that a site at Chai Chee Lane in Bedok will have a plot ratio of 3.0 to support future residential development near a transport node.
\nAnalysts expect the site to yield 1,200 to 1,800 new homes. However, they do not expect the homes to be designated as Plus flats, which refer to HDB BTO flats in desirable locations near the town centre or transport nodes.
\nOver in Woodlands, the site along Kranji Expressway and Woodlands Road will have a plot ratio of 1.6, with the roads rezoned for an upcoming park. The changes aim to support housing demand and leverage the proximity of amenities.
\nRelated article:\u00a0National Day Rally 2023 Summary: Standard, Plus, Prime Flat Categories, More Single Housing Options, and More
\n\u00a0
\n8. Far East Shopping Centre sold to Bright Ruby-linked unit for $910 million
\nThe en bloc sale of Far East Shopping Centre has been awarded to a company connected to Chinese businessman Du Shuanghua and Bright Ruby Resources, reported The Business Times.
\nThis comes after Glory Property Developments offered $910 million for the 999-year leasehold property, which is slightly lower than the $928 million guide price.
\nThe tender award is subject to certain conditions, including URA\u2019s approval for up to 20% more gross floor area (GFA) and Strata Titles Board approval since the en bloc sale had not secured the owners\u2019 unanimous approval.
\nZoned for commercial use, Far East Shopping Centre\u2019s site measures 36,014 sq ft with an existing GFA of around 242,145 sq ft, which is equivalent to a plot ratio of 6.72.
\nBased on the Strategic Development Incentive (SDI) scheme, the GFA may be raised by up to 20% to around 290,574 sq ft or a plot ratio of 8.06.
\nA locally incorporated company, Bright Ruby Resources is controlled by Chinese billionaire Du Shuanghua. The company acquired 16 Collyer Quay for $1 billion in June 2022, and the former Grand Park Orchard Hotel for $1.15 billion in 2013.
\n\u00a0
\n9. Riverfront SoHo in Yishun is among the shortlisted proposals to reimagine Singapore\u2019s industrial landscape
\nA proposal to transform a row of flatted factories along a river in Yishun into a riverfront small office\/home office (SoHo) \u2013 or a place to work, live and play \u2013 is among the entries shortlisted by JTC Corporation in a competition to reimagine Singapore\u2019s industrial landscape.
\nPlanning and design firm Arup, which submitted the proposal, said this could be achieved by adding bridges, paths, boardwalks and a cycling track, reported The Straits Times.
\nTitled The Intersections, the proposal sees Yishun industrial estate being connected to its surrounding neighbourhoods via a network of greenery-lined paths.
\nArchitectural firm Broadway Malyan, on the other hand, suggested introducing \u201ctransparent factories\u201d at the Kallang-Kolam Ayer industrial estate.
\nUnder this proposal, the ground-floor spaces of the factories will be made more open to the public. They will feature showrooms and product galleries, offering visitors an immersive experience in which they can interact with innovative production processes.
\nArchitectural firm Woha also mooted the idea of having a network of rivers and canals within the Kallang-Kolam Ayer industrial estate. This would allow the use of water-based personal mobility devices as well as water ferries and taxis to navigate the entire estate.
\nRelated article:\u00a0Turf Club Closing, Kranji Redeveloping: 4 Biggest Changes to the North of Singapore By 2033
\n\u00a0
\n10. Far East Flora opens floral-themed mall in Clementi
\nFar East Flora has opened an 11-storey floral-themed shopping mall in Clementi, where it sells 1,000 types of flowers, over 500 plants, gardening products and home d\u00e9cor items, reported The Straits Times.
\nFar East Flora Centre also has a cold warehouse where it sells fresh flowers, vegetables and fruits at wholesale prices. It also features an 80-seater eatery, a gourmet grocery store, a studio for workshops and a rooftop garden for larger plants and edibles.
\nThe building is specifically designed to be more energy- and water-efficient, using automated rainwater recycling and self-irrigation systems to water plants and flowers.
\nThe centre will also serve as Far East Flora\u2019s corporate headquarters, spanning three floors.
\nFar East Flora aims to transform the way people view the gardening sector by providing more than the usual selection of potted plants and offering guests a space to engage with nature.
\nOpen daily between 8am and 9pm, the centre will offer special promotions and deals for flowers and plants until 31 October. 2023.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nMarcus Lee, Content Executive at PropertyGuru, edited this story. To contact him about this story, email: marcuslee@propertyguru.com.sg.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Around 1,900 Choa Chu Kang October 2023 BTO Flats to be Launched, An Altura EC Unit Sets New Price Record of ,585 PSF, and More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

26 September to 2 October 2023 Altura, an executive condominium (EC)\u00a0at Bukit Batok West Avenue...<\/p>\n","protected":false},"author":1,"featured_media":139411,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-139410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/10\/Bedok-Reservoir-Park-crop.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Agy","jetpack-related-posts":[{"id":138470,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-lakegarden-residences-and-altura-open-for-preview-may-2023-bto-and-sbf-results-delayed-till-august-2023-and-more\/","url_meta":{"origin":139410,"position":0},"title":"The LakeGarden Residences and Altura Open For Preview, May 2023 BTO and SBF Results Delayed till August 2023, and More","date":"July 24, 2023","format":false,"excerpt":"\r The LakeGarden Residences and Altura Open For Preview, May 2023 BTO and SBF Results Delayed till August 2023, and More18 to 24 July 2023 The LakeGarden Residences, Wing Tai Holdings\u2019 condominium project in Jurong, has opened for preview, with prices starting at just below $2,000 per sq ft (PSF).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/07\/lake-garden-residences-condo-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8223,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wandervale-ec-more-than-40-oversubscribed\/","url_meta":{"origin":139410,"position":1},"title":"Wandervale EC more than 40% oversubscribed","date":"February 29, 2016","format":false,"excerpt":"\r Prospective buyers at the Wandervale showflat. (Photo: Sim Lian Group) The application period for the Wandervale executive condominium (EC) closed on Sunday (28 Feb) after receiving 750 e-applications, said its developer Sim Lian Group. This means that the 534-unit project is more than 40 percent oversubscribed. OrangeTee and ERA\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/altura-ec-and-the-lakegarden-residences-sell-61-and-63-of-units-over-launch-respectively-and-more\/","url_meta":{"origin":139410,"position":2},"title":"Altura EC and The LakeGarden Residences Sell 61% and 63% of Units Over Launch, Respectively, and More","date":"August 7, 2023","format":false,"excerpt":"\r Altura EC and The LakeGarden Residences Sell 61% and 63% of Units Over Launch, Respectively, and More1 to 7 August 2023 The LakeGarden Residences sold 23% or 71 of its 306 units at an average price of $2,120 per sq ft (PSF) during its launch over the weekend. Meanwhile,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/08\/altura-executive-condo-ec-singapore-cover-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wandervales-prices-start-from-655000-for-a-3-bedder\/","url_meta":{"origin":139410,"position":3},"title":"Wandervale's prices start from $655,000 for a 3-bedder","date":"March 2, 2016","format":false,"excerpt":"\r The showflat at Wandervale. (Photo: Yasmin Beevi) Sim Lian Group has released prices for the 534-unit Wandervale executive condominium (EC) in Choa Chu Kang, the first major property launch this year. In a statement, the group said prices start from $655,000 for a three-bedroom unit, $753,000 for a three-bedroom\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/e-applications-open-this-wednesday-for-hundred-palms-residences-ec\/","url_meta":{"origin":139410,"position":4},"title":"E-applications open this Wednesday for Hundred Palms Residences EC","date":"June 27, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Hundred Palms Residences at Yio Chu Kang Road. The executive condominium (EC) market is set to stir back to life with the launch of Hundred Palms Residences at Yio Chu Kang Road. E-applications open this Wednesday and run until 10 July, while sales bookings start on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8152,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wandervales-sales-outperform-ec-launches-in-2015\/","url_meta":{"origin":139410,"position":5},"title":"Wandervale\u2019s sales outperform EC launches in 2015","date":"March 11, 2016","format":false,"excerpt":"\r Prospective buyers looking at a model of Wandervale. (Photo: Sim Lian Group) The 534-unit Wandervale project in Choa Chu Kang, the first executive condominium (EC) to launch in 2016, has beaten market expectations after its developer managed to sell 50 percent of the units last weekend. \u201cDespite tepid market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/03\/Performance-of-EC-projects.png?fit=499%2C317&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139410"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=139410"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/139410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/139411"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=139410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=139410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=139410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}