Buying an Executive Condominium in a Government Land Sales (GLS) is a great way to buy a home in Malaysia. These ECs offer an attractive value proposition as well as a hybrid of public and private housing. In addition, they are located in a prime location, are available in a variety of floor plans, and come with a number of benefits.
Tengah Plantation Loop EC Prime location
ECs in Bukit Batok and Tengah are close to many amenities, such as shopping centres and public transport stations. They are also in close proximity to some of the more established schools in Singapore, including Jurong East Primary School, Bukit Batok Secondary School and Bukit Batok Secondary School. These are all within walking distance from the proposed development.
The Park View Mansions site has the potential to provide 440 residential units, as well as convenient access to the city centre. The developers plan to spend $157 million on intensifying the land. The project is also expected to yield $320 million in collective sales. This will be the largest single-site development in Singapore.
The Park District is surrounded by a 20-metre forest fringe. Its green features will include a central park and a sports centre. Its smart features will include electric car charging stations and bicycle racks for residents. There will also be subterranean roads to separate the pedestrian areas from the motor traffic.
Hybrid of public and private housing at Tengah Plantation Loop EC
Developed by SP Group and the Housing and Development Board (HDB), Tengah Plantation Loop Executive Condominium (EC) is Singapore’s first hybrid of public and private housing. Located in the Jurong East district, Tengah EC boasts of a unique blend of sustainable features and green living amenities.
Located on the Pan Island Expressway, Tengah EC is close to the Central Business District, Jurong Lake District, and Dulwich International College. Its proximity to public transport and expressways makes it an ideal destination for commuters. Tengah EC also has extensive green belts and modern public transport system.
Tengah EC will be divided into five residential districts, each with “at-home” designs. Residents will have access to retail and recreational facilities. Tengah EC will also boast a central park with scenic waterfront promenade, an amphitheatre, and five kilometres of walking paths. It will also feature a 100-metre-wide forest corridor. Moreover, Tengah EC will be a car-free town centre.
ECs and private condominiums offer attractive value proposition
EC is a new residential project in Bukit Batok. This project is being developed by a reputable developer, Qingjian Realty. It is expected to be completed by 2021. The master plan includes a multi-purpose hall and neighbourhood parks. It is expected to attract strong demand for residential properties in the future.
Qingjian has a reputation for being one of the most prominent developers in Singapore. They are also very active in the Executive Condominium sector. Some of their projects include Nin Residence, Riversound Residences, Bellewoods EC and Natura Loft.
The new executive condominium in Bukit Batok Town is expected to be popular as it is close to amenities and transportation links. It is located near the Jurong Lake District and the Bukit Batok estate.
Among the eight sites that are part of the Government Land Sales Programme (GLS) for 2H2022, the Tengah Plantation Loop Executive Condominium has been placed on the Confirmed List. It is expected to offer 495 units of apartments, a 5-kilometre ecological pathway and a 100-metre-wide Forest Corridor. This project is located near the Bukit Batok MRT station, and is also near the West Mall shopping centre, where cafes and movie theaters can be found.
The Tengah Plantation Loop Executive Condominium is set to be the first “car-lite” town centre in Singapore. This precinct will also be surrounded by lush greenery and will be a millennial-friendly neighbourhood. Its features will include smart sustainable living features and a wide range of recreational facilities.
The Marina South precinct is situated next to the Gardens by the Bay and overlooks the Marina Reservoir. This precinct will be comprised of retail, office, recreational uses and hotel rooms. This precinct will also provide a scenic view of the Straits of Singapore. It will also be home to a new development, Lentor Gardens. It will be located on the site of the former Lentor Hills Road (Parcel A) development.
ECs are hybrid private condominiums that combine the benefits of public and private housing. They are available at an attractive price point and will continue to attract buyers in search of affordable homes in suburban areas. These condominiums also offer government grants to first-time applicants. After five years, these units can be sold at a discount of five to nine per cent.
These developments are also located near future MRT stations and expressways, making transportation easy. They are also close to various shopping malls and hawker centres.
With a total of fourteen sites on the Confirmed List, the Government Land Sales Programme will offer a total of 7,310 private residential units. Eight sites will also offer 80,000 square metres of commercial space.