The hot property market in Singapore continues to be bursting with Copen Grand, the latest EC project, is sold out in the second balloting. Yes, Copen Grand EC project is sold out.
In the first phase Copen Grand EC was already selling more than 74.18%.
The Executive Condo is now fully sold a month after its launch by co-developers City Developments Limited and MCL Land.
To understand more about Executive Condos and what are some common questions about EC, do read this article on FAQs on ECs.
Second Timers bought the remaining units
Second-time buyers who were unable to purchase an apartment unit during the initial launch snapped up the remaining 146 units of the 639-unit development on Saturday (Nov 26), after sales bookings opened for them that morning.
Under prevailing regulations for ECs, only 30 per cent of the project can be allocated to second-time buyers during launch.
Copen Grand EC project is sold out : Why Copen Grand is good purchase
The value proposition for Copen Grand is very strong. It now has Tengah’s first mover’s advantage, unrivalled accessibility to three MRT stations, proximity to future Tengah Integrated Transport Hub and Tengah Boulevard Bus Interchange.
Copen Grand is well served by the Jurong Region Line which will bring residents to both the regional centre and innovation district.
This EC is also near major employment centres in Jurong East Regional Centre and Jurong Innovation District, which are reviving from economic reopening.
Pricing of Copen Grand
The project was launched on Oct 22 with an average price of S$1,300 per square foot, with an additional 3 per cent applied to units sold under the deferred payment scheme.
Transacted prices for the units range from S$1.09 million for a two-bedroom plus study to S$2.17 million for a five-bedroom premium unit.
Tenet EC at District 18 Tampines is up next
Tenet EC at Tampines Street 62 is the next EC to watch how the EC market continues to be a hot part of the Singapore Property Market. The next one after that is the amazing Altura EC at Bukit Batok, which is 1 km from the future ACS Tengah.
