Singapore has retained its ranking as the 13th most expensive city globally for expatriates, according to data put together by ECA International
Singapore has preserved its ranking as the 13th most pricey city internationally for migrants, according to information put together by ECA International. In its most recent Cost of Living rankings– which arranged a contrast of living as well as holiday accommodation costs encountered by expatriates worldwide in 207 cities– Singapore’s setting stays the same from in 2015, in spite of significant rate rises.
The Bukit Batok EC Project Is Located Near the Jurong Lake District, Jurong Innovation District, and Tengah Town
The Bukit Batok EC project is located near the Jurong Lake District, Jurong Innovation District, and Tengah Town. The project is slated to yield approximately 375 executive condominium units on a 1.24-hectare site. There are other BTO projects that will also launch in the area, including West Scape, West Hill, and West Plains. Because of its location, the Bukit Batok EC is expected to receive strong demand from HDB upgraders. The nearby Tengah Plantation MRT station makes it easy for commuters to get around the island.
The bukit batok ec is a hybrid public-private development site located near the bukit batok MRT station. Nine developers have put in bids to develop the site. There is approval to build 37,348 square meters of new residential units. The estate is expected to yield 375 units. It is a mature estate with close proximity to the MRT station. This development is good news for the entire community.
EC will have between 375 and 400 units. As the area is close to the Bukit Batok estate, it is expected to have high take-up rates. The EC is also near the Jurong East Shopping Centre. Therefore, it is ideal for HDB upgraders in the area. This development will be able to accommodate the needs of 375 people. This development is expected to launch alongside other BTO projects in the future.
” The fact that Singapore kept its ranking as the 13th most costly location around the world despite higher-than-average rising cost of living of 5%, which was sustained by rising costs for leas, utilities and petrol, may come as a shock to some,” states ECA’s Regional Director of Asia Lee Quane, in a June 7 news release.
The higher prices, nonetheless, were balanced out by a weaker Singapore dollar, adds Quane. “The Singapore dollar has compromised versus regional money, such as the yuan, and also the United States dollar at the same time, primarily because of a sharp downturn in manufacturing as well as exports during the latter part of our survey period.”
Singapore is the 7th most costly Asian city while Hong Kong topped the global positions as the world’s most pricey place for foreign employees, preserving its setting from in 2015. This is in spite of prices rising at a lower price in the Special Administrative Region compared to other comparable areas worldwide. Quane connects this to the strength of the Hong Kong dollar, which is pegged to the US buck, in the past year.
Several mainland Chinese cities have actually proceeded to climb in the rankings, with four cities currently consisted of in the 15 most costly cities globally. Shanghai is also currently the 3rd most expensive city in Asia, after Hong Kong and also Tokyo.
Japanese locations have all went down in the latest rankings as the yen deteriorated due to all of a sudden higher inflation, along with negative passion rates. Tokyo, specifically, has actually fallen 3 places to 5th in ECA’s international positions.
More information on Bukit Batok EC
Bukit Batok EC information on the site plan and floor plans for the development will be available soon. Please also see the gallery as well as the video and e-brochure which will be uploaded here soon.
Disclaimer: The information listed above are strictly for your reference only and is by no means a conclusive and final representation of the units available. The chart is currently draft and is subjected to the final approval from the authorities. The developer and the salesperson is not responsible for the information reflected above and the information is strictly for entertainment purposes only. Please check with the direct developer sales team for more information for a more accurate representation. You can also register for a show flat viewing to get a better representation for the development for your consideration. Information on the elevation chart as well as the balance unit chart can be found here as well as at the showflat.
For financing, please see more info on the stamp duty as well as progressive payment schedule of the development. The prevailing loan information and criteria of other websites can be found here.