COPEN GRAND
FREQUENTLY ASKED QUESTIONS
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COPEN GRAND QUESTIONS
Who are the developers of Copen Grand?
Copen Grand is a joint venture project between City Developments Limited and MCL Land.
(Taurus Properties SG Pte.Ltd. (A joint venture between CDL Constellation Pte. Ltd. (a wholly owned subsidiary of City Developments Limited) and MCL Land (Edge) Pte. Ltd.)
What is the monthly maintenance fee for Copen Grand?
The maintenance fees of unit types are:
2+Study | 807sqft – $324
3-Bedroom Deluxe | 936 – 969sqft – $324
3-Bedroom Premium | 1001 – 1012sqft – $324
4-Bedroom Deluxe| 1184sqft – $378
4-Bedroom Premium| 1259 – 1292sqft – $378
5-Bedroom Premium| 1518 – 1561sqft – $378
What are the breakdown of unit types at Copen Grand?
The breakdown of unit types are:
2+Study | 807sqft – 11units
3-Bedroom Deluxe | 936 – 969sqft – 218units
3-Bedroom Premium | 1001 – 1012sqft – 205units
4-Bedroom Deluxe| 1184sqft – 51units
4-Bedroom Premium| 1259 – 1292sqft – 98units
5-Bedroom Premium| 1518 – 1561sqft – 56units
Total – 639units
What is the PSF for Copen Grand?
Price list has been released on 19th & 20th October 2022 and PSF starts from $1198psf. To register, click here.
What are the closest MRT stations to Copen Grand?
Copen Grand is approximately 6mins walk to Tengah, Hong Kah and Tengah Plantation MRT Stations within a 500m radius.
What is the land size for Copen Grand?
The estimated land size is approximately 237,032sqft.
When is the estimated vacant possession (TOP) for Copen Grand?
The expected vacant possession date is 31 Dec 2027
How many carpark lots and EV charging station are there in Copen Grand?
516 carpark lots (inclusive of 505 standard lots, 6 lots equipped with electric vehicle charging station, and 5 accessible lots) & 108 bicycle lots
Who is the main contractor for Copen Grand?
The main contractor is Woh Hup (Private) Limited
Who is the architect of Copen Grand?
ADDP Architect LLP
Who is the landscape architect behind Copen Grand?
Tinderbox Pte Ltd
EXECUTIVE CONDOMINIUM
ELIGIBILITY QUESTIONS
Am I eligible to buy Executive Condo?
- You have to qualify for any of the eligibility schemes:
- Public Scheme
- Fiancé/Fiancée Scheme
- Orphans Scheme
- Joint Singles Scheme
What are the citizenship requirements to be eligible to buy Executive Condo?
- You must be a Singapore Citizen (SC)
- At least 1 other applicant must be a SC or Singapore Permanent Resident (SPR)
- All singles must be SCs if they apply under the Joint Singles Scheme
What are the age requirements to be eligible to buy Executive Condo?
- At least 21 years old
- At least 35 years old, if they apply under the Joint Singles Scheme
What are the household income requirements to be eligible to buy Executive Condo?
- Your monthly household income must not exceed $16,000
Am I allowed to own overseas or private property?
- All applicants and occupiers listed in the flat application:
- Must not own or have an interest in any local or overseas private property
- Have not disposed of any private property in the last 30 months before the application to buy an EC unit from a property developer
Private properties include but are not limited to houses, buildings, land, EC units and privatised HUDC flats. You are deemed as having acquired interest in a property which is:
- Acquired by gift
- Inherited as a beneficiary under a will or from the Interstate Succession Act
- Owned, acquired, or disposed of through nominees
Am I allowed to buy Executive Condo if I have utilised housing subsidies?
- A subsidised housing unit refers to:
- A flat bought from HDB
- A resale flat bought with CPF housing grant
- A Design Build and Sell Scheme (DBSS) flat bought from a property developer
- An EC unit bought from a property developer
- Other forms of housing subsidy (e.g. enjoyed benefits under the Selective En bloc Redevelopment Scheme (SERS), privatisation of HUDC estate, etc)
If you have not taken a housing subsidy before, you are a first timer and may buy an EC unit from a property developer.
If you have taken a housing subsidy, you are a second-timer and may buy an EC unit from a property developer. You have to pay a resale levy. Find out more on the resale levy payable below.
If you have already bought 2 subsidised housing, you will not be eligible to apply or be listed as an essential occupier to buy an EC unit from a property developer.
How much is the resale levy?
If you have bought a subsidised housing, you will need to pay a resale levy when you buy a second subsidised flat. A subsidised housing is:
- A flat bought from HDB
- A resale flat bought with CPF housing grant
- A Design Build and Sell Scheme (DBSS) flat bought from a property developer
- An Executive Condominium (EC) unit bought from a property developer
- Other forms of housing subsidy (e.g. enjoyed benefits under the Selective En bloc Redevelopment Scheme (SERS), privatisation of HUDC estate etc.)
If you do not intend to buy a second subsidised flat from HDB, i.e., you are buying a resale flat or private residential property, you need not pay the resale levy.
Resale Levy for Subsidised flats sold on or after 3 March 2006
If you have sold your first subsidised flat from 3 March 2006 onwards, you will pay a fixed amount resale levy as follows:
If you have any questions about the amount of resale levy payable, you may contact us via Contact Form
Resale Levy for Subsidised flat sold before 3 March 2006
If the first subsidised flat was sold before 3 March 2006, a percentage graded resale levy will apply (see table for more details).
If you have opted to defer the payment of the resale levy until you buy another flat from HDB, an interest at a prevailing rate of 5% per annum is charged.
If you have any questions about the amount of resale levy payable, you may contact us via Contact Form
If I own a HDB, when must I sell the flat?
If you or any persons listed in the application have an interest in any HDB flat, you must dispose of the interest within 6 months of completion of the EC purchase.
If I'm a undischarged bankrupt, am I able to buy Executive Condo?
Prior consent must be obtained from the Official Assignee (OA) or the private trustee for the purchase of an EC unit.
However, occupiers who are bankrupts do not need prior consent.
I previously booked a BTO flat from HDB, am I allowed to purchase Executive Condo?
Cancellation of application after booking a flat
If you booked a flat and subsequently cancel your booking, you must wait out a 1-year period from the date of the cancellation before you may apply or be listed as an essential occupier to buy an EC unit from a property developer.
Terminated the Sale and Purchase Agreement for an EC/ DBSS flat
If you had previously bought an EC unit/ DBSS flat from a property developer and subsequently terminated the Sale and Purchase Agreement, you must wait out a 5-year period from the date of the termination before you may apply or be listed as an essential occupier to buy an EC unit from a property developer.