Developer QingJian Secures Bukit Batok Site with S$301 million bid
Developer Qingjian Realty managed a successful bid at $301 million to secure another iconic property developmental plan this time in Bukit Batok. URA released the site in March 2016, located at Bukit Batok West Avenue 6, for the use of a mixed commercial and residential which attracted a strong response from 11 developers by the close of tender and with the highest bid from Chinese developer Qingjian Realty at S$301.2 million – actual info from Urban Redevelopment Authority (URA). The ninety nine-year leasehold sits on 158,194 sqft and incorporates a plot ratio of 3, giving it a maximum permissible gross floor area of 474,591 sq ft. This site will probably yield about 500 residential units, with a maximum gross floor space of 64,583 sq ft stipulated for industrial/business use, said the URA.
Location Map – Bukit Batok West Avenue 6
Transportation and connectivity options are
- Bukit Batok MRT Station – 1.4 km
- Bukit Gombak MRT Station – 2km
- PIE access – 2km
- Market and food centre,
- Community clubs,
- West Mall
Mr Li Jun, general manager, Qingjian Realty (South Pacific) Group, said:
“We are happy that Qingjian is the best bidder for the Bukit Batok business and residential site. The Government has exciting and progressive development plans for the Jurong district, and Qingjian has invariably been a keen supporter of the Government’s development plans.”
The developer said it plans to create perhaps 500 condominium units at the Bukit Batok West Avenue 6 site and with other projects already in the pipeline particularly in the West and North areas, QingJian is busy helping with real estate developments in these zones. Furthermore, the West coming on strong in this latest upbeat exercise as well as the development of another executive condominium (EC) in nearby Chua Chao Kang Ave 5 also headed by QingJian Realty quality infrastructures will begin to make its appearance in these new areas. A good example is the development of Sembawang-Canberra in the North where recent EC launches by QingJian’s Visionaire EC has added to the pool of quality residential projects in less densely populated district. Development like The Visionaire is by no means ‘Ulu’ as is now slated as the first Smart EC in Singapore enabled with smart devices on the IoT platform for added security and conveniences. Pretty advanced for an outskirt zone.