Are you interested in buying property in Singapore that is close to major expressways, reputable schools, and nature spots? Check out Hillview Regency, situated along Bukit Batok East Avenue 2 in District 23, is a 99-year leasehold condominium developed by the well-known Far East Organization. Let’s find out more about what this property has to offer.
4 Reasons Why Hillview Regency Is an Ideal Home:
- 1. Specifications and Perks for Own Stay
- 2. Accessibility, Amenities, and Recreational Spots
- 3. Education and Healthcare
- 4. Property Price and Future Developments
- Best Mortgage Rate Across All Banks for Hillview Regency
- Buyer's Stamp Duty for Hillview Regency
- Additional Buyer's Stamp Duty for Hillview Regency
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Hillview Regency | 99-year leasehold | 2005 | 2-bedroom 3-bedroom | 969 1,195 | $905 |
Hillview Regency’s 572 residential units feature floor-to-ceiling windows that provide plenty of natural light. Families can choose from several layouts that maximize the space in two-bedder or three-bedder units.
Looking forward to a relaxing weekend? You don’t need to set a foot outside.There’s a barbeque area and clubhouse for you to host mini gatherings. Stay healthy with a fitness corner, gymnasium, putting green, swimming pool, and tennis courts. For the little ones, there’s a playground and wading pool. There’s even a mini-mart in the condominium, which makes it super convenient to quench your thirst in between workouts.
2. Accessibility, Amenities, and Recreational Spots
The nearest train station is Bukit Batok MRT Station on the North South Line (NSL), which is 1.1km away or about five minutes by bus. Accessible via Hillview Avenue and Bukit Batok Avenue 5, it is also close to Pan Island Expressway (PIE) and Upper Bukit Timah Road. It would take you about 21 minutes to drive to the Central Business District (CBD) and Orchard Road.
If you need to check off everything on your grocery list, fret not, as Hillview Market Place at HillV2 and Cold Storage at The Rail Mall is a six-minute drive away. Food options within the vicinity can be found at the street across HillV2 (where there are specialty restaurants and cafes that offer regional cuisines, desserts, and spirits), Bukit Timah Market (for local cuisines and everyday delicacies), and many more.
Hillview Regency is definitely a paradise for nature lovers because you can take a hike or leisurely walk any time you want. Bukit Batok Town Park (also known as Little Guilin), Bukit Batok Nature Park, and Bukit Timah Nature Reserve are all within the area too. Ready to turn it up a notch? Try mountain biking at Dairy Farm Nature Park (located on the other side along Upper Bukit Timah Road) as they have a trail dedicated especially for that.
3. Education and Healthcare
Local and international schools are within the vicinity, ideal for families with school-age children. Within 500m of Hillview Regency, there are are four childcare centres, three kindergartens, Lian Hua Primary School (428m), and Hillgrove Secondary School (494m). Other schools are a short drive from the property: Dazhong Primary School, Swiss Cottage Secondary School, CHIJ Our Lady Queen of Peace, Pei Hwa Presbyterian Primary School, St. Francis Methodist School, and German European School Singapore.
Getting medical care is not difficult at all as a number of hospitals are within reach – Ng Teng Fong Hospital (10-minute drive), Concord International Hospital (14-minute drive), and Mount Alvernia Hospital (15-minute drive).
4. Property Price and Future Developments
The price of a three-bedroom apartment (1,195 sqft) on Hillview Regency’s high-level floor, in the past three years:
- January to December 2017 – up to $930,000
- January to December 2019 – up to $1,100,000
Since 2017, property rental prices at Hillview Regency have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like improved connectivity, new health institutions, amenities, recreational facilities, community spaces, and public transportation options.
Is Hillview Regency the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!
Best Mortgage Rate Across All Banks for Hillview Regency
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Hillview Regency
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a three-bedroom unit at Hillview Regency the price is at $1,100,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $28,600.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $100,000 | 4% | $4,000 |
| BSD Payable | $28,600 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Hillview Regency
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Hillview Regency
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,100,000 |
|---|---|---|
| If Hillview Regency is your second residential property | 12% | $132,000 |
| If Hillview Regency is your third or subsequent residential property | 15% | $165,000 |
ABSD for Singapore Permanent Resident when Buying Hillview Regency
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,100,000 |
|---|---|---|
| If Hillview Regency is your first property | 5% | $55,000 |
| If Hillview Regency is your second or subsequent residential property | 15% | $165,000 |
ABSD for Foreigners when Buying Hillview Regency
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,100,000 |
|---|---|---|
| Foreigners buying any property | 20% | $220,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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