As the first private condo to open following the customary quiet of the Chinese Hungry Ghost Month, 8@BT from Bukit Sembawang Estates is certain to cause waves in the real estate market. The formal release will take place on September 21 two weeks following the public preview slated for September 7. Tucked in a highly sought-after area, the development is a great chance for individuals wishing to make investments in a well-positioned, carefully crafted residential property.
With 158 units overall spread over two 20-story buildings, 8@BT provides a range of unit types to meet various demands. These homes span 517 sq ft to 1,593 sq ft and have one to four bedroom designs. Two unique penthouses in the development are one of its best points of interest. First is a 1,593 square foot two-bedroom penthouse; second is a four-bedroom penthouse at 1,356 square feet. Located on the top floor of the towers, each of these opulent apartments feature outstanding 4.3m ceiling heights and exclusive lift access, therefore guaranteeing occupant privacy and exclusiveness.
Built on a 49,633 sq ft, 99-year leasehold site Bukit Sembawang bought for $200 million via a government land sale (GLS) tender in November 2022, With this proposal, which ranked top among five, the developer’s dedication to obtaining first-rate real estate was shown. With a two-minute walk from the Beauty World MRT Station, 8@BT boasts a prime position that offers flawless connection to the rest of Singapore. The station is part of an integrated transit hub with an air-conditioned bus interchange housed within the forthcoming three-storey Bukit V mall. This mall is a part of the bigger The Reserve Residences, a mixed-use project offering lifestyle conveniences directly next to upcoming homeowners.
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Inspired by the surrounding natural scene, with the Bukit Timah Nature Reserve and Bukit Batok Nature Park not far apart, 8@BT’s design EcoPlan Asia supervises the landscape architecture while the award-winning company Arc Studio Architecture + Urbanism developed the architectural idea for the project. The buildings’ undulating front reflects the natural topography, therefore fusing modern life with the surroundings. By 4Q2027, the development should be finished providing buyers with a long-term investment in a strategic and serene environment.
Although the developer has not yet revealed approximate costs for 8@BT, surrounding projects provide some hints. For example, in a sub-sale in February The Linq @ Beauty World sold a 797 square foot three-bedroom apartment for $2.24 million ($2,812 psf). Setting a new benchmark for price per square foot (psf), a 549 sq ft two-bedroom apartment sold in August for $1.6 million ($2,915 psf). Launched in 2020, the freehold, mixed-use property known as The Linq @ Beauty World has sold 53 commercial and all 120 residential units.
Since its opening in May last year, The Reserve Residences—a 732-unit mixed-use building with an integrated transport hub—has witnessed robust sales across the road. Ninety-six percent of the units sold thus far. While four-bedroom condos of 1,625 sq ft on higher levels fetched between $2,567 psf and $2,599 psf, three-bedroom units of 1,335 to 1,378 sq ft sold for $2,461 psf in August.
Citing its exceptional location and reasonable project size, PropNex CEO Ismail Gafoor expects great demand for 8@BT. With growing building costs and the developer’s $1,343 psf land purchase cost, Gafoor projects that the selling price for units at 8@BT will probably lie between $2,500 and $2,600 psf.
