Montville Qingjian Bukit Batok Mix Development

A Chinese developer Qingjian Realty emerged as the highest bidder of S$301.2 million tender from Butik Batok a mixed commercial and residential site. The Urban Redevelopment Authority (URA) data showed that this had attracted a lot of responses from many developers. The site in Butik Batok West Avenue 6 is on 99 years leasehold. It is released from the list of Government Land Sales (GLS) which are already confirmed. The property sits on a 158,194 square feet, with a plot ratio of 3. This gives it a maximum permissible gross of the floor area of about 451,591 square feet. The URA says that this site can yield a minimum of 400 residential units. And a maximum floor area of 64,583 square feet for commercial use.

Montville Qingjian Realty Tender

Despite the lack luster property market over the past couple of years, the tender saw 11 Real Estate Developers bid for the tender. The executive director and head of research and consultancy at SLP International property consultants, MR. Nicholas Mark, said that the only reason the property attracted developers to this site is because it is the only mixed commercial cum residential site in the Government Land Sales program released in the first half of this year. The development is Montville Qingjian Realty at Bukit Batok West Ave 6.

Mont Ville Bukit Batok West Ave 6

Mr. Mark said that this being a Greenfield suburban site at Mont Ville condo, developers were simply buying into the future master plan that west section region. He further added that the site was well connected to other sites of Singapore via the Pan Island Expressway and the Bukit Batok MRM station which is 1km away. There are also asocial amenities around the area like the poly clinic, market and food centre, hospital, future civic and community development institution and the west mall. The area is also rich in secondary and tertiary education institutions. The site is also surrounded by high density residential projects which have created a large catchment of shoppers and potential home buyers. He also noted that in 2014 the average bid for the two mixed development sites was 10 bids in comparison to previously purely residential tenders that closed in 2016 with an average of 9 bids.

Montville Bukit Batok MRT Station

Qingjian realty group general manager, Jun, said that they were pleased to have won the highest bid for the Bukit Batok commercial and residential site. The Chinese developers said that they were ready to work with the government. If they were awarded the tender, then Qingjian would make its first mixed development in Singapore and its second successful acquisition of land for private development this month.

Alexandra View Tang Skyline Redhill MRT Station

Artra Condo is a new 99-years leasehold condo right beside the Redhill MRT Station. It has been put up for sale by the URA under a government land sales programme. With a land size of 442,967sqft, it is estimated that there will be around 400 units built and ready to occupy after development. The developer has paid $373.1 million for the land, which works out to around $842.28 per square feet for the entire plot.

Amenities near to Alexandra View Site Artra

The number and quality of bids received for this parcel of land is evidence of the upbeat optimism driving the bidding and just goes to show that the local property market, particularly in the city fringe area around Redhill, has good prospects. For this project, there were 10 bidders, which is definitely a healthy number, showing that all of them believed this project to hold real value. In addition, only a 5% margin separated the top five bids. There are many amenities such as good schools as well as condos around the development.

Artra Condo Alexandra View Singapore

The Artra Condo will have all condo facilities and is envisaged as a mixed development project, with shops, restaurants, and retail establishments occupying the first floor. Artra Condo will have a full-size swimming pool for residents to enjoy, a tennis court, gym, and a function room, which can hold various classes such as pottery, painting, etc. With all these amenities in one area, residents are sure to save a lot of time when travelling from one location to another.

In addition, 12,528 sqft will be set aside for commercial purposes. These commercial activities will include all the commercial shops and establishments that serve your daily needs, such as food and clothing stores, and general purpose establishments. As stated before, the Artra Condo is located just beside the mature Redhill area. This has the advantage of offering the condo’s residents access to commercial shops and eateries right in their own backyard. There will also be no need to travel long distances to other parts of Singapore for shopping since the Condo is close to the Central Plaza Shopping Centre, Anchorpoint Shopping Centre, and Valley Point Shopping Centre.

Artra Condo Tang Skyline

There are also many schools in the area, such as Crescent’s School, Queenstown Secondary School, and Gan Eng Seng School. The project will offer many different layouts to ensure that buyers have the widest possible choice when choosing a condo that meets their needs. In terms of view, there will be two main types of flats – those facing Alexandra Road and those facing Bahru MRT Road.
Units to be checked with client as it wasn’t in the source material. Continue reading “Alexandra View Tang Skyline Redhill MRT Station”