Lumina Grand Residence at Singapore's District 23, A luxury Garden Concept Development and showcases estimated 495 units.
Around Bukit Batok West Avenue 5 are exciting outdoor activities making the neighbourhood perfect for outdoor lovers. As for the residents, there’s nothing to miss regarding recreational activities, whether indoors or outdoors.
You will be happy to learn that the famous Chinese Garden and Pandan Reservoir Park are a short drive away from this development.
EC's Benefits & Eligibility
Up to $30,000
CPF Housing Grants
Deferred Payment
Scheme Available
No Additional Buyer Stamp Duty
Lumina Grand Overview
Do you know Executive Condominium buyers can tap on CPF housing grants of up to $30,000 that can help offset the price of the property?
Executive Condominiums stand as a unique privilege for Singaporeans, offering home ownership with the luxury of private condominiums, all without the heavy price tag.
Presenting Lumina Grand, a luxurious EC developed by esteemed developer, CDL. This development comprises 10 blocks housing with a total of 512 residential units, ranging from 3 to 5 bedrooms layouts.
The best part, Lumina Grand is within 1km from the upcoming prestigious ACS Primary School - making it a preferred choice for families seeking quality education!
Located right beside Tengah, Lumina Grand combines future upside with existing conveniences. You can easily get to Bukit Batok and Bukit Gombak MRT stations, and the upcoming Tengah Town Centre is just minutes’ drive away.
Within minutes’ walk, residents will also find Le Quest Shopping Mall, offering a good range of shopping options and dining experiences. This proximity ensures a diverse and convenient selection of amenities right at your doorstep.
Nature's right at your doorstep, Lumina Grand is surrounded by the scenic hills and greenery of Bukit Batok. New green spaces for recreation, such as the Rail Corridor and Jurong Lake Gardens, will only be a few MRT stations away on the Downtown Line and the new Jurong Region Line.
The new Jurong Region Line will enhance connectivity in the west and connect to the main activity nodes in Jurong, such as the Jurong Industrial Estate, Jurong Innovation District, and the Nanyang Technological University (NTU).
In a city that grows ever more crowded, how do we make a life most in tune with who we are?
Picture a home with visions of a better world, a sanctuary made for tomorrow and its endless possibilities
An abode between the future & the familiar, made for life as it should be.
• PROJECT INFORMATION •
Project Name: Lumina Grand
Location: Bukit Batok West Ave 5
Developer: City Developments Limited
District: District 23 - Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang
Architect: P&T Consultants Pte Ltd
Tenure: 99 Leasehold
Broad Region: Outside Central Region (OCR)
Total Units: 512 Residential Units
Site Area: 178,680 sqft
Estimated TOP: TBC
Reputable Schools
.jpeg)
Site Plan
Showflat Location
What is an Executive Condominium?
An Executive Condominium (EC) is a type of housing in Singapore that combines elements of public and private housing. Developed and sold by private developers, ECs are designed to cater to the needs of the "sandwich class" – individuals whose household incomes exceed the limits for public housing (HDB flats) but find private condominiums relatively expensive.
What is the difference between a private condo and an executive condo?
In the initial years of ownership, ECs are subjected to specific limitations, during which they are exclusively sold to Singaporean citizens. After a designated duration, usually around five years, these restrictions are removed, enabling the owner to sell the EC to citizens and permanent residents. Other limitations, guidelines, and mandates must be adhered to as well. In contrast, private condominiums have little to no restrictions. You can also read about HDB vs. private condos, which we think you’ll find interesting.
Why do people buy an EC?
In addition to qualifying for CPF housing grants, ECs generally have prices around 20% lower than regular condominiums because of the financial support provided by the government during their construction stage. These subsidies aim to enhance affordability for a specific category of potential home purchasers.
Can I buy or invest in private residential property in Singapore or overseas after I buy an EC unit?
Yes, but only after you fulfil the 5-year MOP period of your purchased EC.
Do I have to pay the agent a commission to purchase EC?
No, you do not have to pay an agent any commission to purchase EC. The agent will assist you in applying, balloting, and booking an EC unit from the developer.
What is the cost of buying an EC?
-
Purchase Price
-
Stamp Duty (Buyers Stamp Duty)
-
Legal fee
-
ECs are also NOT affected by Additional Buyers Stamp Duty.
Is EC or BTO better?
Both a Build-To-Order (BTO) apartment and an Executive Condominium (EC) present significant prospects for value increase and a more substantial profit margin. BTO flats come with lower entry hurdles due to their affordability, and they provide a broader array of locations compared to ECs (though still more restricted than resale flats).
What is the salary cap for an executive condo?
The combined earnings of all individuals named in the EC application should not surpass $16,000. Thus, the intended demographic for ECs comprises households with earnings ranging from $14,000 to $16,000 per month.Upon reserving an EC unit, the property developer will provide instructions regarding document submission, including income-related papers.
What must I bring to book an EC unit?
-
NRIC
-
Birth certificate and marriage certificate
-
3 months payslips (payslip issued for the month of application for EC unit and immediately preceding 2 months) or an official letter from their employers stating their 3 months gross income ( for the month of application for EC unit and immediately preceding 2 months), an income tax return or assessment; and
-
Other documents as required by the developer or HDB.
EC Payment Schemes
