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Altura executive condo 88% sold in second-timer balloting


A total of 95 units were sold when balloting opened for second-timers on Sept 16 (Photo: Qingjian Realty/Santarli Realty)

Qingjian Realty and Santarli Realty opened for balloting for second-time HDB buyers at Altura executive condo (EC) on Sept 16, and 95 units were sold. This brings the take-up rate to 87.5%, and the average price of units sold was $1,470 psf. Only 45 units remain in the 360-unit EC at Bukit Batok West Avenue 8. The units are primarily four- and five-bedroom plus flexi configurations.

"The strong demand for Altura among second-timers is not unexpected, as executive condos remain a compelling option for HDB upgraders given their more affordable pricing and potential for decent capital appreciation in the future," says Ismail Gafoor, PropNex CEO. "With EC land rate hitting record-high in a recent land tender, some buyers may want to move sooner rather than later, on concerns that prices may inch up further."

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Altura is the first EC launched in Bukit Batok since 2001 and was well received by first-time buyers, says Marcus Chu, CEO of ERA Singapore. Altura will be near the future Tengah Integrated Transport Hub and Anglo-Chinese Primary School.

Explore comprehensive data about all ECs, including the average profit at 5 and 10 years

ECs are seeing robust demand from buyers as they are given upfront remission on additional buyer’s stamp duty [ABSD], says Mark Yip, CEO of Huttons Asia.

Check out the latest listings for Altura properties

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