Next to Altura EC, Lumina Grand is City Developments Limited’s (CDL) new EC project. It’s their second in the area, following the success of Copen Grand in 2022.1 Lumina Grand EC sits on a big piece of land, 178,936 square feet to be exact. It’s home to 512 units in 10 blocks. These blocks are between 12 to 13 stories high. Every unit has about 350 square feet of common area.
The unique thing about Lumina Grand is how its blocks are set up. They run in three neat rows, all facing the same direction. In contrast, Altura EC’s blocks are arranged in an ‘H’ shape. This means Lumina Grand’s design offers a different living experience.
Key Takeaways
- Lumina Grand EC offers a mix of 3, 4, and 5-bedroom units. The 3-bedroom premium units range from 969 to 1,173 square feet.2
- This project is priced a bit higher than Altura EC. It averages $1,500 per square foot, 5% more than Altura.
- Lumina Grand’s location is great for work, travel, and education. It’s near MRT stations and schools.
- The show flat was available from January 12 to 22. Prices become available on January 24 to 25, with booking on January 27.1
- For fun, the place has a 50-meter lap pool, a spa pool, and a kid’s pool among other amenities.2
Overview of Lumina Grand EC
Lumina Grand EC is perfect in Bukit Batok. It’s City Developments Limited’s (CDL) new place. This place covers 178,936 square feet. It has 512 units in 10 blocks.2
Altura EC, a similar place, is on 134,000 square feet. It has 360 units in three blocks. It’s realt near Lumina Grand EC.2
Location and Accessibility
Lumina Grand’s main gate is on Bukit Batok West Avenue 5. It has a long driveway. This brings you to the main entrance. Walking to the nearby bus stop is easy for residents.
Unit Types and Sizes
At Lumina Grand, you can pick from 3, 4, or 5 bedrooms. The 3-bedroom premium units range from 969 to 1,173 square feet. Some top-floor units have higher ceilings.2
Pricing and Developer
Lumina Grand’s price is planned to be $1,500 per square foot. This is a bit more than Altura EC.1 CDL is behind this project. They are known for ECs.
Should I buy Lumina Grand EC: Pros and Cons
Advantages of Buying Lumina Grand EC
Lumina Grand EC is close to big business spots and the upcoming Tengah Town. These places have a lot to offer in terms of shops and fun things to do.2 It’s also near the future ACS Primary School which is great for families.2 The project is handled by CDL, a trusted name in the EC world.2
Potential Drawbacks to Consider
There are a couple of downsides to Lumina Grand EC. Firstly, there’s a 5-year wait before you can rent out or sell your place. Selling it also has some rules for the first 10 years.3 You’ll need to put down 25% when you buy, and there’s a limit on how big your loan can be. This might make it harder for some to buy.3
Bank loans for ECs will have higher interest rates than HDB loans, especially by 2024.4 But, ECs are usually priced lower than private condos by about 25%. This can help balance out the extra money you pay in interest.3
| Criteria | Lumina Grand EC | Altura EC |
|---|---|---|
| Land Size | 178,936 sq ft2 | 134,000 sq ft2 |
| Number of Units | 512 units2 | 360 units2 |
| Number of Residential Blocks | 10 blocks2 | 3 blocks2 |
| Launch Weekend Sales | 53%2 | 61%2 |
| Average Price | $1,464 psf2 | N/A |
Deciding whether to buy Lumina Grand EC means thinking about its good points and the not-so-good ones. This way, you can figure out if it’s a good choice for you.
Amenities and Facilities at Lumina Grand EC
Lumina Grand EC has lots of fun things for residents. There’s a big pool for swimmers, a quiet spa pool, and a pool just for kids.2
Recreational Amenities
The condo has a gym with big windows. It lets people see the beautiful pool area while they work out.2 Besides, there’s a tennis court for those who love to play.2
Family-Friendly Facilities
Families with kids will love it here. There’s a place for exercise and a fun zone for children.2 Also, families can relax in the Jacuzzi pool together.2
But there’s even more to enjoy at Lumina Grand EC. Such as Dance, Music, and Games Rooms. They also have a place to grill food outside.2
Comparing Lumina Grand EC to Nearby Properties
Lumina Grand EC vs. Altura EC
Lumina Grand and Altura EC are close. They’re both in Bukit Batok and on about the same size of land. The main difference is how their buildings are set. Altura is in an ‘H’ shape, but Lumina Grand has three rows that run straight.2
Lumina Grand EC vs. Other Upcoming ECs
Lumina Grand EC is a good investment. But, it will have competition from new ECs in the area.1 One new nearby EC will start at $1,600 per square foot, more than Lumina Grand’s $1,500.1 This might make it harder for Lumina Grand to draw in buyers. Especially since the income needed to buy an EC is at least $12,000 a month.1
| Comparison | Lumina Grand EC | Altura EC |
|---|---|---|
| Land Size | 178,936 sq ft | 134,000 sq ft |
| Total Units | 512 | 360 |
| Residential Blocks | 10 blocks, 12-13 storeys | H-shaped formation |
| Launch Date | 27 January 2024 | 5 August 2023 |
| Launch Sales | 53% of 512 units | 89.17% of 360 units |
| Average Price | $1,464 psf | $1,433 psf |
The table shows how Lumina Grand EC and Altura EC are different. They are both in the same area. But, Lumina Grand is bigger and has more units. Altura has a more usual ‘H’ shape while Lumina Grand’s buildings run straight.25
Investment Potential of Lumina Grand EC
The Lumina Grand EC is a great investment because of what’s happening around it. The URA Master Plan points to two sites nearby for mixed commercial and residential use.5 Soon, they might make smaller parts of it for more buildings. This could make Lumina Grand more valuable and in demand.
Future Development Plans in the Area
A new train line called the Jurong Region Line (JRL) will start services from 2027. It will reach Tengah, Tengah Plantation, and Tengah Park stations by 2028, all near Lumina Grand.6 With this new transportation, more people can easily reach Lumina Grand. This makes it a smart choice for investment.
Resale Value and Rental Yield
Lumina Grand EC shows strong promise for good returns and rental income. In 2023, some resale units made over $1.1 million in profit, with the top 3 making over a million each.6 After 5 years, when the MOP is over, those selling are mostly HDB upgraders. This steady demand is a good sign.
Different-sized units at Lumina Grand, from 3 to 5 bedrooms,6 mean more people can live there. This stretches from single professionals to big families. So, those investing should see a good rental income too.
Conclusion
Lumina Grand EC is a top pick for homebuyers in Singapore’s property world. It’s close to Altura EC and key work areas. Plus, it’s near new spots in Tengah Town. This makes it good for living or investing.5
There are around 510 homes in 10 buildings at Lumina Grand EC. You can pick from 3 to 5 bedrooms. At the start of 2024, most of these were quickly bought. City Developments Ltd (CDL) sold 269 units, showing many people want them.5
Location is just one reason this project is exciting. It comes with lots to do and is near Tengah Town and JRL stations. Plus, Lumina Grand EC is a good deal compared to other condos. So, it’s a smart choice for buyers and those who invest.65
FAQ
Should I buy Lumina Grand EC?
Lumina Grand EC is a great buy for people looking at the Singapore property market. It’s next to the popular Altura EC and near important business areas. Plus, new attractions in Tengah Town are coming, making it a smart choice for owners and investors alike.
What are the key features of Lumina Grand EC?
Developed by City Developments Limited, Lumina Grand EC has 512 units across 10 blocks. These blocks are laid out in neat rows and are 12 to 13 floors high. They include different sized units, with 3-bedroom ones offering between 969 and 1,173 square feet.
What are the amenities and facilities at Lumina Grand EC?
Residents at Lumina Grand EC can enjoy a 50-meter lap pool and a spa pool. There’s also a pool for kids, an elevated gym with great views, and a tennis court. Having a tennis court is quite a treat in these new condo projects.
How does Lumina Grand EC compare to nearby properties?
Lumina Grand EC is quite similar to its neighbor, Altura EC, in many ways. However, their layout of the buildings is unique. Lumina Grand stands out with its three rows of residential blocks, giving it a special look.
What is the investment potential of Lumina Grand EC?
Lumina Grand EC is set to grow in value thanks to upcoming developments nearby. The URA Master Plan shows two blue sites close by, which can be used for both business and living spaces. As these sites are likely to be developed more, the area’s value is expected to increase, benefiting Lumina Grand too.