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Otto Place EC boasts a highly enriched educational environment, thanks to the wide array of enrichment centers and tuition facilities available. One of the most renowned centers in the area is The Learning Lab, which offers specialized programs in English, Mathematics, and Science for students of all levels. For a more personalized learning experience, Kumon and MindChamps are also located nearby and focus on strengthening foundational skills and boosting confidence in children. Those with a passion for the arts can also find opportunities to develop their talents through music lessons at nearby schools like Cristofori Music School and art classes at studios like Artary. With all of these enrichment options, children in the Otto Place community can fully explore their interests and reach their full potential.
Aside from the excellent location and facilities, Otto Place also offers buyers an exclusive Deferred Payment Scheme (DPS). This scheme allows buyers to pay only 20% of the purchase price and the remaining 80% upon completion of the project, reducing the initial financial burden. Furthermore, buyers can also enjoy a 20% Additional Buyer’s Stamp Duty (ABSD) remission, making the purchase of an EC even more attractive.
For families with children, Otto Place is also in close proximity to reputable schools such as Ahmad Ibrahim Secondary School, Yishun Primary School, and Northland Secondary School. This makes it an ideal choice for families with school-going children as they can save time and effort on transportation.
In conclusion, Otto Place is a highly sought-after development in Singapore that offers an attractive package for first-time buyers and upgraders. With its affordable pricing, range of facilities, eco-friendly concept, strategic location, and exclusive payment scheme, it is no surprise that it has garnered attention in the real estate market. As the saying goes, “Home is where the heart is,” and Otto Place is a perfect place to call home for those looking for a comfortable and modern living space.
One of the main selling points of Otto Place is its affordable pricing. As an EC, it is only available to eligible buyers under the Housing and Development Board (HDB) scheme. This means that buyers can enjoy the perks of a private property at a lower price compared to a condominium unit. Additionally, Otto Place is open to both Singapore citizens and Permanent Residents, making it a viable option for those looking to upgrade their living space.
As with any property, location is crucial, and Otto Place ticks all the boxes in that department. Situated in the heart of Yishun Avenue 1, residents can enjoy the convenience of being close to essential amenities such as supermarkets, shopping malls, schools, and medical facilities. The upcoming Northpoint City, the largest shopping mall in the North, is also just a short drive away. For those who prefer to commute, Yishun MRT station and bus interchange are within walking distance, providing easy access to the rest of the city.
But affordability is not the only attractive aspect of Otto Place. The development boasts a range of facilities that cater to the needs of its residents. For fitness enthusiasts, there is a fully-equipped gym, a swimming pool, and a tennis court. Families with children can also take advantage of the playground and BBQ pits for bonding activities. Furthermore, there is a clubhouse and function room that can be booked for gatherings and events.
Otto Place EC, a joint venture between highly reputable developers Hoi Hup Realty and Sunway Development, has successfully acquired the executive condo (EC) site at Plantation Close. The winning bid of $423.38 million, translating to $701 per square foot per plot ratio (psf ppr), was secured on February 14. This strategic move will see the 99-year lease site, spanning over 215,691 sq ft, being developed into a grand 560-unit EC named Otto Place EC. The developers have also previously acquired the adjacent 176,973 sq ft Parcel A for $348.5 million ($703 psf ppr) in September last year. The location of both sites are highly convenient, with proximity to popular amenities such as JEM, Westgate, IMM, and well-reputed schools like ACS (Primary) and Princess Elizabeth Primary School.
Otto Place EC is a highly coveted option in Singapore due to the scarcity of ECs and their appeal to both novice homebuyers and those seeking to upgrade their housing. This is further bolstered by its strong value proposition, as its qualification for CPF Housing Grants and deferred payment scheme make it an attractive and worthwhile investment. As such, its demand remains consistently high. Careful consideration should be taken to ensure all content is original and not plagiarized.
In the bustling city of Singapore, finding a suitable home can be a daunting task. With high property prices and limited options, it can be challenging for first-time buyers and upgraders to find their dream home. However, there is one development that has been making waves in the real estate market – Otto Place, the highly sought-after Executive Condominium (EC) that offers attractive benefits for its buyers.
Located in the vibrant and upcoming region of Yishun, Otto Place is a 546-unit development that offers a mix of modern living and tranquil surroundings. Developed by award-winning developer TID Pte. Ltd., the project is set to be completed in 2023, making it the perfect opportunity for those looking to secure their future home.
But what sets Otto Place apart from other developments is its proximity to nature. The project is located near the tranquil Lower Seletar Reservoir, offering residents a picturesque view of the water and surrounding greenery. Nature lovers can also explore the nearby Yishun Park, where they can join various recreational activities such as cycling, jogging, and picnicking.
One of the unique features of Otto Place is its eco-friendly concept. The development is surrounded by lush greenery and has a tranquil water feature, providing residents with a peaceful and relaxing environment. In addition, the project is built with sustainable and energy-efficient materials, reducing its carbon footprint and promoting a greener lifestyle.
