With more than half of its units already secured during the early launch period at an average price point of approximately $1,700 per square foot, Otto Place Executive Condominium (EC) has demonstrated exceptional market traction in Singapore’s emerging Tengah township.
Approximately 300 to 350 units were transacted within the opening weeks, indicating robust absorption rates driven mainly by HDB upgraders, young families, and investors targeting growth areas with significant development potential.
The strong market response can be attributed to several key factors, particularly the limited EC supply in the Tengah region, which has been positioned as Singapore’s first smart, eco-friendly “Forest Town.”
Situated on a substantial 20,038 square meter site, Otto Place EC comprises eight blocks with 560-600 residential units featuring diverse configurations from three-bedroom to four-bedroom plus study layouts, catering effectively to growing and multigenerational households seeking flexible living arrangements.
The development’s prime location in Tengah’s Plantation District offers exceptional connectivity, being just a 4-5 minute walk to the upcoming Tengah Park and Bukit Batok West stations on the Jurong Region MRT Line.
Proximity to major expressways including the PIE and KJE provides direct accessibility to business districts, while the development’s strategic positioning near Jurong Lake District and Jurong Innovation District aligns with Singapore’s western region economic growth strategy.
Comprehensive amenities further enhance Otto Place EC’s market appeal, with the property featuring a 50-metre lap pool, sky terraces, children’s splash pool, function rooms, and co-working lounges.
Extensive green landscaping and wellness zones are seamlessly integrated throughout the development, reflecting contemporary demands for holistic living environments that balance urban convenience with natural surroundings.
Developed by the renowned developers Hoi Hup Realty and Sunway Group, Otto Place EC represents a milestone in modern residential offerings for the Tengah neighborhood.
The launch pricing represents a new benchmark for Tengah executive condominiums, consistent with recent trends indicating sustained demand for EC properties in emerging districts.
This price point reflects both the project’s quality specifications and its strategic positioning within a rapidly developing township slated for significant infrastructure investment and commercial growth in coming years.
Similar to other successful executive condominiums, Otto Place has a minimum occupation period of five years before units can be resold to eligible Singaporean and PR buyers, making it an attractive long-term investment opportunity.
The project’s impressive sales performance aligns with wider market projections that show limited inventory creating upward price pressure across Singapore’s residential property sector through 2025.
