SINGAPORE (EDGEPROP) - After the Chinese Hungry Ghost month lull, Bukit Sembawang Estates’ 8@BT is the first private condo project to debut, with its public preview on September 7. Its official launch will take place a fortnight later, on September 21.

The private condo has 158 units across two 20-storey blocks. Units are a mix of one- to four-bedrooms, ranging from 517 sq ft to 1,593 sq ft. The development has just two penthouses: one is a two-bedroom penthouse of 1,593 sq ft, while the other is a four-bedroom penthouse of 1,356 sq ft. Both units are on the top floor of the 20-storey towers and have a 4.3m ceiling height. They will be served by private lifts.

8@BT sits on a 49,633 sq ft, 99-year leasehold site that Bukit Sembawang purchased in a government land sale (GLS) tender for $200 million in November 2022. It was the highest of the five bids submitted at the close of the tender.

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The project is located within a two-minute walk of the Beauty World MRT Station, which is linked underground to the integrated transport hub that includes an air-conditioned bus interchange on the second level of the upcoming three-storey mall Bukit V. The mall is part of the mixed-use development, The Reserve Residences.

The award-winning Arc Studio Architecture + Urbanism is the design architect for 8@BT, while EcoPlan Asia is the landscape architect. The project's facade is inspired by the undulating terrain and its proximity to nature, with Bukit Timah Nature Reserve and the Bukit Batok Nature Park nearby. The project is designed to be completed by 4Q2027.

The developer has not revealed its indicative prices at this point. Based on caveats lodged to date, at the neighbouring mixed-use development, The Linq @ Beauty World, a 797 sq ft three-bedroom unit changed hands for $2.24 million ($2,812 psf) in a sub-sale in February. A 549 sq ft two-bedroom unit changed hands in a sub-sale for $1.6 million ($2,915 psf) in August, which is a new high in terms of price psf. The Linq @ Beauty World is a freehold, mixed-use development with 120 residential units and 53 commercial units in the retail podium. It was launched in November 2020 and fully sold to date.

Meanwhile, just across the road is the 732-unit The Reserve Residences, which is a mixed-use development with an integrated transport hub. The Reserve Residences was launched in May last year and is now 96% sold. Based on caveats lodged,  three-bedders of 1,378 sq ft to 1,335 sq ft on the sixth floor have been sold at a price between $2,461 psf and $2,530 psf in August. Four-bedroom units of 1,625 sq ft on the higher floors fetched prices of $2,567 psf and $2,599 psf.

Ismail Gafoor, CEO of PropNex, expects the take-up for 8@BT to be strong given its locational attributes and the fact that it’s a mid-sized project with just 158 units. Based on the developer’s land purchase price of $1,343 psf per plot ratio for the 99-year leasehold site and the higher construction costs today, Gafoor reckons the project's selling price to be in the range of $2,500 to $2,600 psf.

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