Projected Initial Asking Prices for Lumina Grand CDL at Bukit Batok West Avenue 5 Development to Be Around $1,300 psf
The development, known as Lumina Grand will be 99 years and 674 units in total. It is slated to be completed by 2026. The development will house a mix of one to four bedroom units and five room flexi apartments. A site area of 18,356.9 sq m was acquired by MCL Land and the estimated breakeven cost after factoring in construction costs is approximately $1,130 per sq ft. The land acquisition is expected to provide a net yield of close to 4.4%.
It has been projected that the initial asking prices for units at the Bukit Batok West Avenue 5 development could be approximately $1,300 psf.
Luxury and convenience come together at Lumina Grand EC in Bukit Batok, offering unparalleled ease of access. Located close to major transportation hubs including Bukit Batok MRT and several bus interchanges, residents can enjoy a smooth and quick journey into the city centre. This …