PLETHORA OF SCHOOLS
AROUND COPEN GRAND
THE 1ST EXECUTIVE CONDO IN TENGAH
Welcome to Copen Grand, an executive condominium to be developed by Singapore’s renowned developer – City Developments Limited and joint venture partner MCL Land. Copen Grand EC will be the first Executive Condominium project (EC) in the brand new Tengah District. The site is located on Tengah Garden Walk and was awarded to Taurus Properties SG for $400,318,000 and this translates to $603 per square foot per plot ratio. Copen Grand will be developed into 639 residential units with a mix of two to five bedroom units in the floor plan.
ABOUT TENGAH – THE FOREST TOWN
The upcoming Tengah District in Singapore, approximately the size of Bishan offers residents homes of the future. It is envisioned as an evergreen Forest Town interwoven into a network of greenery divided into 5 unique housing districts; namely Plantation District, Garden District, Park District, Brickland District, and Forest Hill District.
Copen Grand EC in Tengah sells 73% of units on launch day
Copen Grand is located in Garden District, a new generation of residence surrounded by picturesque garden themed setting. Landscape community farmway will run through the housing estates with gardens, play areas, community farms and plenty of community space for families, neighbours and friends to relax in. Copen Grand will be developing a generous landscape to fit in the garden theme of the district.
BCA GREEN MARK PLATINUM SUPER LOW ENERGY AWARD
As Singapore gradually develops into a green city with many green and sustainable features, housing design needs to be focused around eco-friendly, sustainable features and neighbourhood-oriented spaces. Copen Grand has achieved Green Mark Platinum Super Low Energy Award from BCA.
Copen Grand residents will benefit to utilise one of the most advanced developments offerings such as pneumatic waste collection system, solar panel system on the roof top that will reduce energy usage buy 30% from the communal area, amongst the many smart features in Copen Grand. With green features and smart technology, residents will enjoy living in Singapore’s first smart and sustainable Executive Condominium in the garden-themed town.
WORK CENTRES AROUND COPEN GRAND
Providing new homes to Singapore’s West, Tengah, located next door to the Jurong Innovation District and Jurong Lake District, provides opportunities for Singaporeans to gather together for living, learning, working, and playing.
JURONG INNOVATION DISTRICT (JID) – SINGAPORE’S NEXT MANUFACTURING HUB
Jurong Innovation District (JID) is the next-generation entrepreneurial center offering unique value propositions to entrepreneurial and technological partners. Master-planned and developed by JTC, the Jurong Innovation District (JID) is a 600-hectare, next-generation development located in the west of Singapores manufacturing belt. Welcome brings Jurong Innovation District (JID), as the region is called, one step closer to changing how companies collaborate and innovate, bringing together different hubs from manufacturing industries on one campus. Singapore — When completed, the Jurong Innovation District (JID) will be able to foster new growth areas for the manufacturing sector, which remains a critical economic pillar, despite a declining share of the Republics gross domestic product (GDP). The manufacturing sector, which remains a critical economic pillar, despite a declining share of the Republics gross domestic product (GDP) sector, was told by Minister of Commerce and Industry (Industry) S Iswaran told Parliament yesterday.
Jurong Innovation District is being designed to become a high-value industrial district, supporting an ecosystem of manufacturers, technology providers, researchers, and educational institutions. Over the next 18 months, the Jurong Innovation District will generate 1200 new jobs in the areas of advanced manufacturing, urban mobility, and urban solutions. With its emphasis on advanced manufacturing, the presence of NTU as an academic anchor, and established industry leaders, the Jurong Innovation District is an attractive option for manufacturing companies looking for a new location. The Jurong Regional Link would connect the Jurong Lake area to the academic know-how, research and development capabilities, and skillful talents of NTU, the Jurong Innovation District, and the Jurong Industrial Estate, home to a number of high-value industries.
As the area grows, it will create an innovation, cooperation and synergy ecosystem in West Region. Jurong Lake district will become the home base of companies that have a strong environmental, social and governance (ESG) commitment, tapping into The West Regions opportunities for sustainable businesses. Jurong Lake District presents a chance for companies to plant roots, build an entirely new campus, and easily scale.
The 600-hectare area will host the entire value chain for production, from R&D institutions and innovation labs, to education providers, and factories of the future. Opening in phases starting 2019, the region is expected to generate 95,000 new jobs in the areas of advanced manufacturing, innovation, and research. The first phase of JID is expected to complete by about 2022, and the District will create more than 95,000 new jobs. With an established ecosystem of leading manufacturers, researchers, technologies, and learning providers, frontier investments in the area, including the Hyundai Motor Group Innovation Centre (HMGICS), the Shimano Factory of the Future, and the Surbana Jurong campus, are expected to be completed before 2022.
Master-planned and developed by the Jurong Town Corporation (JTC), 600-hectare JID is shaping up nicely, with multiple additions joining the complete value chain of production, from R&D institutions and capabilities developers; to technology and training providers; as well as advanced manufacturers. First announced by Finance Minister Heng Swee Keat during his budget address last month, JID would be a 600-hectare innovation zone at one of the last big greenfield sites in Singapore, covering Nanyang Technological University (NTU), the CleanTech Park, and surrounding areas in Bulim, Bahar, and Tengah. Within Jurong Innovation District, JIDs sky corridor will link the entire district, serving as an arterial transport route for pedestrians, cyclists and self-driving shuttles to access every corner of the property. The area will also be served by a future Jurong Regional MRT Line, connecting commuters with North-South and East-West MRT lines.
With 4 MRT lines serving the area by 2035, residents, workers, and visitors will enjoy improved access to the rest of Singapore, including direct connections to Downtown, Changi Airport, and JID. The District will also host the first-ever underground District Logistics Network in Singapore, designed to improve efficient freight movement, freeing up above-ground space for commercial and community uses. Singapores first underground logistics network will be built for moving people and goods within and around the JID, to be used for warehousing, packaging, and distribution.
It is the first district developed by Singapore to take a holistic approach to production, featuring advanced testing facilities and novel city-based innovations for the benefit of potential manufacturers. It will act as a live laboratory of new production technologies and solutions, with companies being able to take ideas from the laboratory through to prototype, test bed, manufacturing, and distribution. JTC CleanTech Three will cater to industries involved in advanced manufacturing, green technologies, and urban solutions, whilst also hosting technological leaders like Bosch Rexroth, Makino, and the National Metrology Center of A*STAR. Mok also believes setting up the innovative food hub at Singapores Jurong Innovation Zone will enable it to tap Singapores innovation ecosystem for developing new products and services.
Nanyang Technological University (NTU) will spearhead research initiatives, and also run training programs, enabling executives to stay ahead of the digital revolution. NTUs academic expertise and research will assist companies that are eager to drive innovation in the area of advanced manufacturing. SG-Innovate will work closely with Singapore Spring and the Economic Development Board (EDB), with an emphasis on technologies like Internet-of-Things (IoT), FinTech, Digital Manufacturing, and Smart Energy.
To further improve the quality of life of a growing and ageing population, Singapore is developing Smart Districts that will enable synergies, allow closer integration of industry and academia, as well as fostering vibrant, robust communities. The forthcoming integrated transport hub at Jurong East (ITH) will allow commuters to more easily switch transport modes, while adding to the vibrancy of the neighbourhood.
Tengah District plans capitalise on its unique identity, and it will provide residents with new residential and entertainment options. The core features will revolve around nature and community, creating a charming district that will allow future residents to experience being “at home in nature”.
EDUCATION AROUND COPEN GRAND
Existing elementary schools within 2km include the Shuqun Primary School and the Princess Elizabeth Primary School. In addition, within Tengah, 12 zoning parcels are available for educational institutions, and they are all located within a 2-km radius of Copen Grand. For tertiary students will find greater convenience when travelling to Nanyang Technological University (NTU) as the MRT stops right at the doorstep of the University (NTU), a station along the Jurong Region Line.
NEW MRT LINE FOR NEW DISTRICT
Copen Grand residents are able to travel on the nearest Tengah, Hong Kah or Tengah Plantation MRT Stations towards Jurong East as well as Jurong West. The Jurong Region LIne, earmarked for completion from 2026, will bring residents greater convenience in travelling within the self-contained district. For bikers, there are many wide and long cycling paths connecting Copen Grand to other parts of the leisure attractions.
BENEFITS OF JURONG REGION LINE
The Jurong Region Line, is Singapore’s seventh, and upcoming MRT line that serves the Jurong area and the western part of Singapore. The 24-kilometre (15-mile) JRL line will serve 24 stations in the Jurong Lake District. First announced in early 2013 as part of a land transport master plan, JRL will serve future developments in the western part of Singapore including Tengah and Jurong Gateway.
The new MRT line will ease congestion at the busy Jurong East interchange station by directly connecting north to the Jurong area via the new Jurong Region Line interchange station at Choa Chu Kang. The JRL connects the residents of Choa Chu Kang, Boon Lay and Tengah District, and will connect Nanyang Technological University (NTU), Jurong Industrial Zone and Jurong Innovation District.
The line will improve the connection of the Jurong Innovation District to the Tuas megaport via the East-West line. The line will be part of the MRT network in place of the originally proposed LRT line serving Tengah and Choa Chu Kang, which was originally announced in 2001 will make travelling a breeze.
TRANQUILITY INSIDE, CITY OUTSIDE
We all know that nature is important, but sometimes it can be easy to forget just how vital it is to our survival. Not only does nature provide us with the resources we need to live, but it also plays a crucial role in our mental and physical health. Spending time in nature can help reduce stress, improve our moods, and boost our immune systems.
EXECUTIVE CONDOMINIUM FETCHING STRONG PROFITS IN RESALE MARKET AS PRICE GAP WITH NEW UNITS NARROWS
The gap between executive condominium (EC) and mass-market private condominium is closing, with buyers on the market focusing on getting maximum square footage for their money.
Looking at trends in the last 10 years, we clearly can see the gap in prices between both executive condominium and privately-developed condominiums. On one side, executive condominium have closed the gap in prices to their private counterparts, with a growing number becoming fully privatised.
Experts said that the price gap is shrinking because executive condominium can offer larger units sizes compared to their private counterparts, as well as having similar physical attributes, such as locations, designs, and amenities.
One of the reasons behind the gap is the smaller sizes of units in private condos, which leads to higher prices per square foot. When it comes to 2-bedroom units and 3-bedroom units, there is a large gap in both volume and price per sqft, mostly due to size differences between newly sold units and resale units.
Looking forward, it is likely that brand new EC projects will continue to gain in value. Analysts said that once the 5-year minimum occupation period are lifted, the prices of EC will increase. Analysts have also said that EC prices may continue to rise as developers bring in more appealing projects. By the time developers are ready to start EC launches next year, after the compulsory developer’s 15-month waiting period rule, new reference prices may very well emerge.
Coupled with limited EC units on the market (only 3 EC projects launched in 2022, North Gaia in the North, Copen Grand in the West and Tenet in the East), it is common for ECs to appreciate in value over time. Prices of ECs rose by between 10 and 20 per cent over the past two years, after the government introduced them again in order to boost supply of apartments to middle-income homebuyers.
Across Singapore, prices of condominiums – have increased on average from $1,170 a square foot, to around $1,777 per square foot today – an increase of around 51 per cent in the last decade, beating out ECs.
Smaller units, with lower volumes, but higher prices per square foot, were snapped up rapidly after 2013 by first-time investors and younger buyers, because implementation of a total debt servicing ratio led to lower affordability for the overall population. ECs are generally priced between 20% to 30% cheaper than private homes in the mass-market segment.
ECs therefore provide this value proposition by having all of the features of private apartments, yet priced a bit cheaper, as well as having access to subsidies that lower their sales prices even more.
You could almost see ECs as being the discounted version of private condominiums, meaning there is a lot of profit margin to make over the long term. If the land prices of an EC exceed $600 psf per ppr, then the median sales price would need to go over $1300 per sqf, assumed in marketing and other costs for developers.
REGISTER TO VIEW SHOWFLAT
All 639 units that you find in Copen Grand floor plans are spacious and well-appointed. The units come in a variety of sizes and layouts such as two to five bedroom to suit the needs of different families. The Smart Homes are also equipped with modern appliances and fixtures.
Every person’s journey begins with one step. We are now open for registration of interest! Copen Grand showflat will be open in October-2022! Learn about prices or frequently asked questions about executive condo before we open doors to the public. Be one of the first to sign up to receive updates!