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CEL Kopar in D9

CEL Kopar in D9

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Kompar – The tender exercise for the government land sales program for Kopar at Newton has come to a close after attracting up to 7 bids submitted. This 125,326 sqft site’s top bid from CELH Development and Chip Eng Seng Corp was $418.8 million translating to an equivalent of $1,192 psf ppr. The subsequent bid of $417.24 million translating to an equivalent of $1,189.97 came second and was submitted from GuocoLand.

With the highest bid price of $1,192 psf ppr,  it is widely speculated that Kopar at Newton site is likely to have a break even price of around $1,700 psf and as such Kopar price with its market entry price for the selling price of the units could range anything from $1,900 to $2,000 psf.

Given the maximum GFA of 350,914 sq ft, Kopar at Newton site can feature up to 436 new condo units. The site is the first to be confirmed under the Government Land Sale program and with this program, the tenure of this Kopar is 99 years leasehold.

Kopar at Newton is situated in District 09 of Singapore and Kopar location is close to Newton MRT station and being a strategic location, this makes the development ideal for residents working in Orchard Road, CBD, and surrounding areas. Investors and homebuyers will like it as well, due to its strong rental potential and excellent potential for capital gain with the relatively affordable entry price.


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