Breaking Records: Qingjian Realty Wins Bukit Batok EC Tender with S$662 per sq. ft. bid

It was a record-breaking moment when Qingjian Realty (South Pacific) Group Pte Ltd recently won the tender for a Bukit Batok Executive Condominium (EC) site. With a bid of S$662 per square foot per plot ratio (psf ppr), the 99-year-leasehold site was secured by the developer in the most competitive tender seen in the area since 2017.

The record-breaking bid was more than 10% higher than the second-highest bid, which was placed by Hoi Hup Realty Pte Ltd at S$593 psf ppr. Representing a total of S$192.2 million, Qingjian Realty’s bid was also 20% higher than the lowest bid of S$545 psf ppr submitted by EL Development (Bukit Batok) Pte Ltd.

The new EC project, located at Bukit Batok West Avenue 6, will comprise about 700 units and is expected to be completed in 2023. This site is well-positioned near the Bukit Batok MRT station, shopping malls, and other amenities.

The record-breaking bid by Qingjian Realty is indicative of the strong demand for housing in the area, as well as the attractive features of the site itself. With its close proximity to amenities and public transportation, the project is likely to be popular among homebuyers.

The successful bid by Qingjian Realty also reflects the confidence of the developer in the future prospects of the condominium. Prices of new ECs in the area have been on the rise since 2017, with the median price of new ECs increasing by more than 20% in the past two years.

This latest record-breaking bid by Qingjian Realty is a testament to the developer’s faith in the future Bukit Batok EC of the Bukit Batok EC market. With its attractive location and promising future prospects, this new project is sure to be a hit with homebuyers.

In June 2020, Qingjian Realty (South Pacific) Group Pte Ltd emerged as the top bidder for the Executive Condominium (EC) site at Bukit Batok West Avenue 5, with a winning bid of S$662 per sq ft per plot ratio (psf ppr). This was the highest bid ever seen in an EC tender since 2002, breaking the previous record of S$609 psf ppr set by Sim Lian Group in April 2018.

The 99-year leasehold site covers an area of 24,159.3 sq m and has a maximum gross floor area (GFA) of 57,924 sq m. It has a maximum permissible gross floor area (GFA) of 68,853.7 sq m, and can potentially yield up to 615 residential units, with an average size of 94 sq m each.

The unusually high bid is attributed to the site’s proximity to the Bukit Batok MRT station and the upcoming Jurong Region Line, as well as the potential for higher capital appreciation due to the nearby amenities. Its strategic location near a commercial hub, good connectivity and potential for future growth are also factors that may have contributed to its high bid price.

The tender for the Bukit Batok EC site was launched on 6 February 2020, and attracted a total of 11 bids. Qingjian Realty’s bid was the highest, and was closely followed by Allgreen Properties Ltd, which submitted a bid of S$654 psf ppr. The third highest bid was submitted by Hoi Hup Realty Pte Ltd, at S$622 psf ppr.

The high bid reflects the strong demand for ECs among Singaporeans and could be a sign of a buoyant market. This is also an encouraging sign for the real estate sector, as the higher bid price could help to revive the sector, which has been hit hard by the COVID-19 pandemic.

The successful bid by Qingjian Realty will be the first EC development project undertaken by the company in Singapore. The project is expected to be launched in 2023 and is set to bring more residential options to Singaporeans, particularly those in the Bukit Batok area.

JCube Condo Residence in Singapore to Benefit from Improved Connectivity and Access to Key Activity Nodes in Jurong

Lake District

The upcoming JCube Residence condo in Singapore, located in the Jurong Lake District (JLD), will benefit from improved connectivity and access to key activity nodes in the area. The residential JCube Condo and commercial development, which is set to be completed in 2027, will be connected to Jurong East MRT interchange, Westgate, and IMM Building via J-Walk, a covered elevated pedestrian network. Eventually, it will be linked to the upcoming Jurong East Integrated Transport Hub, which boasts of a bus interchange, public library, community club, and sports centre, among other amenities.

JCube Residence will be the newest addition to the JLD and is expected to increase the vibrancy of the area, with its shops, restaurants, and entertainment facilities. It is estimated that the development will include 1,760 private homes, 150,000 sq m of office space, and 75,000 sq m of complementary uses such as for retail, hotel, or community. CapitaLand Development (CLD), the development arm of CapitaLand Group, is slated to launch the JCube Residence new development for sale in the second half of 2023 and will likely have an average selling price of S$2,100 psf and upwards.

The improved connectivity and access to key activity nodes in the JLD will be a great benefit to those living in the area, having access to the many amenities and recreational facilities nearby. The potential new launches, which include the 6.8-hectare mega white site on the confirmed list of the first half of the 2023 government land sales programme, will help to alleviate pent-up demand for housing in Jurong. The demand for residential housing in Jurong has been on the rise, due to the lack of new condo launches in recent years.

The closure of JCube also marks the end of an era and make way for the new JCube Residence. While it is sad to see the closure of JCube, the redevelopment of the site for JCube Residence will complement the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities, and amenities to the Jurong Lake District. With the improved connectivity, access to key activity nodes, and the numerous amenities and recreational facilities, the JCube Residence will be an attractive option for potential homeowners.

The new JCube Condo residence in the Jurong district of Singapore is set to bring the area to life with improved connectivity and access to key activity nodes in the area. With the redevelopment of JCube, residents of the new condo will be connected to Jurong East MRT interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network in the Jurong Lake District (JLD). Eventually, it will be linked to the upcoming Jurong East Integrated Transport Hub, which boasts a bus interchange, public library, community club and sports centre, among other amenities near JCube Condo location.

The improved connectivity and access to key activity nodes will be a great benefit to those living in the area. Residents can easily get to their favourite shopping, dining, and entertainment destinations. They will also have access to the many amenities and recreational facilities nearby. They can go for a jog or bike ride around Jurong Lake, or take a leisurely stroll through the nearby parks.

The potential new launches will likely boost home prices in the resale market and possibly have a spillover effect on the Bukit Batok and Clementi areas near to JCube Condo. Property analysts are expecting the new JCube residential project to have an average selling price of S$2,100 psf and upwards, aligned with recent launch prices of the outside of central region developments. This means that residents of the upcoming JCube Condo residence can look forward to a good potential return on their investments.

In addition, the Singapore government’s plans to bring new homes, along with new businesses, recreational facilities and amenities to the JLD, will greatly benefit those living in the area. This will create more job opportunities and increase the vibrancy of the area.

All in all, the new JCube Condo residence in the Jurong district of Singapore is set to bring the area to life with improved connectivity and access to key activity nodes in the area. With the many amenities and recreational facilities available, it is sure to be a great place to live in.

JCube Residence: A Game-Changer for Jurong East’s Housing Market

JCube Residence is a game-changer for Jurong East’s housing market. It is the first of its kind in Singapore, offering a revolutionary way to experience city living.

JCube Residence is the first integrated residential and commercial complex to be built in the heart of Jurong East. It is an exciting new development that promises to transform the area into a vibrant and dynamic hub for the city. The project is being spearheaded by the JCube Consortium, a joint venture between the Singapore government and private developers.

The development is made up of three distinct components: the JCube Residence, the JCube Commercial Centre and the JCube Retail Centre. The JCube Residence is a modern and luxurious residential complex consisting of 3- to 5-bedroom apartments and penthouses. The apartments feature top-of-the-line furniture, appliances and amenities, making them an ideal choice for those looking for a comfortable and luxurious lifestyle in Singapore.

The JCube Commercial Centre is a multi-storey office tower that will provide a home for businesses ranging from start-ups to established companies. This will serve as Jurong East’s new business district, providing a prime location for businesses to thrive.

The JCube Retail Centre is a multi-level shopping mall that will offer a wide range of retail outlets, from luxury brands to local favorites. This will be the perfect place to shop, dine and enjoy the vibrant atmosphere of Jurong East.

JCube Residence is the first of its kind in Singapore and is set to revolutionize the city’s housing market. It is a prime example of how the government and private developers can work together to create something special. The development is a testament to the government’s commitment to developing and revitalizing the area and will be a great addition to Jurong East.

The development has been carefully designed to provide an exceptional living experience. It has been designed to maximize the living space of each apartment and provide the highest level of comfort and convenience. The apartments are spacious, airy and well-equipped, providing a perfect place to call home. The building also features a range of amenities and services, from a gym and swimming pool to a bar and restaurant.

JCube Residence is a great example of how the government and private developers can work together to create something special. It is a unique development that promises to revolutionize the housing market in Jurong East and provide an unbeatable living experience. It is the perfect place to call home, offering a comfortable and convenient environment with all the modern amenities you could need. It is a true game-changer for Jurong East and will be a great addition to the area.

JCube Residence is a game-changer in Jurong East’s housing market. It is a new condominium development that has been built with the intention of bringing modern, high-end living to the area. The luxurious residential complex stands out from its competitors because of its stunning design, spacious layouts, and top-notch amenities.

The JCube Residence is located in the heart of Jurong East, a bustling suburb of Singapore. It is conveniently located near shopping centres, schools, and other amenities. The complex is just a short walk away from Jurong East MRT JCube Residence station, which makes it easy for residents to get around. It is also close to the Jurong East Business District, which is home to some of the biggest companies in the world.

The development consists of three residential towers, each offering a variety of different units. The units range from one- to four-bedroom apartments and penthouses. All of the units are designed to be modern and luxurious, with high ceilings and large windows that let in plenty of natural light. The apartments also feature private balconies and terraces, giving residents a tranquil outdoor living experience.

The complex also offers a wide range of amenities for its residents. There is an outdoor pool with a Jacuzzi, a gym, a spa, and a clubhouse. For those who like to entertain, there are multiple function rooms, a tennis court, and a basketball court.

In addition to the amenities, the JCube Residence also offers its residents access to a range of services. These include housekeeping, laundry, and concierge services. In addition, the complex also offers a shuttle service to the nearby shopping centres and other attractions.

The JCube Residence is a great example of how Jurong East’s property market is changing. It is an excellent example of how modern, high-end living can be brought to the area. It is one of the few developments in the area that offers luxurious living without sacrificing convenience and accessibility. With its stunning design, spacious layouts, and top-notch amenities, it is sure to be a hit with prospective buyers.

The Myst Condo: A Wide Range of Amenities and Activities at Your Doorstep

The Myst Condo is a premier residential development located in the heart of the city, offering a wide range of amenities and activities to its residents. With its central location and modern, stylish design, the Myst Condo is a great place to call home.

The Myst Condo features a variety of different configurations, from modern, open-concept units to more traditional two-bedroom apartments. Every unit comes equipped with top-of-the-line appliances and finishes, making it a comfortable home for everyone.

The development also features a wide array of amenities, from a fitness room to a swimming pool. Residents can take advantage of the state-of-the-art equipment and relax in the sauna and steam room. The Myst Condo also offers a spa, a movie theater, and a game room, allowing residents to enjoy a wide array of activities in the comfort of their own homes.

Aside from the amenities, the Myst Condo also offers a variety of activities and events for its residents. The development regularly hosts community events such as movie nights, game nights, and holiday parties. There are also plenty of opportunities for social gatherings and activities, such as art classes and yoga classes.

The Myst Condo features a great location in the heart of the city. It is within walking distance to a variety of shops, restaurants, and entertainment venues. Residents can take advantage of the nearby transportation options and explore the city with ease.

The Myst Condo is a great place to call home. With its modern design, wide range of amenities, and convenient location, it is a great choice for anyone looking for a comfortable and luxurious lifestyle. With so much to offer, the Myst Condo is sure to please every resident.

The Myst Condo is a luxury condominium located in the heart of Toronto, Canada. This stunning residential complex offers its residents an array The Myst of amenities and activities right at their doorstep. From world-class dining and shopping to leisurely strolls along the waterfront, the Myst Condo offers everything you need for a comfortable and luxurious lifestyle.

The Myst Condo is a state-of-the-art residential development featuring two towers, each with its own distinct personality. The east tower is the more modern and contemporary of the two, while the west tower is the more traditional and traditionalist of the two. Each tower has its own unique set of amenities, including a 24-hour concierge, fitness center, pool and spa, and even a bowling alley.

The Myst Condo offers its residents a variety of activities to enjoy. For those looking to stay active, there are facilities for basketball, volleyball, squash, and tennis, as well as a running track and fitness center. For those looking to relax, there is a spa, sauna, and Jacuzzi. The condo also features a movie theater, a game room, and a library.

Dining and shopping are also available within the Myst Condo. There are a multitude of restaurants, cafes, and bars, ranging from casual to fine dining. Shopping is also a breeze, with a variety of stores and boutiques located within the complex. The Myst Condo even has its own grocery store, making it easy for residents to stock up on all their necessities.

The Myst Condo is also conveniently located near a wide range of attractions. The CN Tower, Toronto Zoo, and Ripley’s Aquarium are all within walking distance. There are also plenty of parks and gardens within the complex, offering residents the perfect opportunity to enjoy the beautiful outdoors of Toronto.

The Myst Condo offers its residents a wide range of amenities and activities, making it the perfect place to call home. With its convenient location, great amenities, and wide range of activities, the Myst Condo is the perfect place to call home.