They are building the showflat beside Lakeside MRT. Not open for viewing yet.
Copen Grand EC
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Oftheseas
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Show flat is located more than 5km from the actual site and beside scenic lake. I hope buyers of this ulu EC don’t get disillusion and believe that they are buying in a great location !
CaptainSGP
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Clearly they are trying to use Jurong future developments as a selling point & target those currently staying in Jurong area where there has been no new launches for a long time !
Ok la it makes more sense to set in lakeside than bukit batok/cck.
1993newbie
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Something to take note, especially parents with Primary school going children.
New area may take time to develop fully. Looking at the master plan, there are a few plots of land allocated for schools however it is uncertain when will the school be developed.
Bukit Batok West and Canberra has tons of BTOs, but land that was slated for Schools has yet to be developed. Some of the BTOs already hit the 5 year MOP mark yet no Primary schools built in the area till now.
New area may take time to develop fully. Looking at the master plan, there are a few plots of land allocated for schools however it is uncertain when will the school be developed.
Bukit Batok West and Canberra has tons of BTOs, but land that was slated for Schools has yet to be developed. Some of the BTOs already hit the 5 year MOP mark yet no Primary schools built in the area till now.
Agree with you on this point, I’m one of them in the BTO and school development was supposed to be built. Now 5 years and the plot of land for school is still empty
considering the Copen Grand EC but hesitating for my kids considering the convenience and chances of getting into a school. Inconvenience might outweigh the profitability from a first timer seller by then…
Depends on what you deem as worth, if you scour the forums and see, you will see a lot of haters in the HWZ laughing at new launch prices and poor performance, just dig projects like florence etc. Just see how much paper gain the people who didn't surf the forums make today. You want to listen to the same people for advice ah ?
The best thing to do is discuss with your family on what do you all want -
e.g if your finances can only afford EC at the moment, then you don't have much options, or can explore older resales if your purpose is to move into a condo. Or look at amenities around the area, for me i feel its worth to pay more for a location that suits me need, even if it means losing money.
I feel tengah will need a lot of time to grow, maybe 10-20 years. Even sengkang, you see, there are plots slated for childcare etc, took them 8 years before they started building, Tengah is a totally new estate, see if your family is okay or not lor.
Seem like some details are out, unit mix and site details.
The carpark to units ratio is 80%.
Total Units: 639
516 Carpark Lots (6 EV lots)
Will this become a problem? Especially since Tengah need time to grow.
How will they allocate the carpark then?
The carpark to units ratio is 80%.
Total Units: 639
516 Carpark Lots (6 EV lots)
Will this become a problem? Especially since Tengah need time to grow.
How will they allocate the carpark then?
If more than 80% has car, then how they manage the lots?
I guess it's promoting not to own car, being a green area or something, but then everything not developed, most people has to travel further to get necessities, isn't it more inconvenient?
Then lastly if suay suay no car park lot and tengah being a car free area, not sure if parking will be a challenge? Like not very convenient for a family. E.g. need to drive kids to and fro school daily, etc.
I guess it's promoting not to own car, being a green area or something, but then everything not developed, most people has to travel further to get necessities, isn't it more inconvenient?
Then lastly if suay suay no car park lot and tengah being a car free area, not sure if parking will be a challenge? Like not very convenient for a family. E.g. need to drive kids to and fro school daily, etc.
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Actually i also really question this car lots issue. I believe at least 80% will drive, how will this car lots be allocated? Visitors not enough parking also? Not sure how this would work. This may also affect the selling later
I'm assuming no visitor lots in the case?
Ya, think you may be right, when potential buyer come, straight will notice the carpark issue if no visitor lot.
Also kinda low morale if really cannot get a carpark lot, and we are talking on 1st car only. And really depend on MSCT management also..
Anyway, still early and got hope less than 80% have cars, although as an EC, don't think will have tenant for first few years, so mostly should be family? Need time for area to develop too.. MRT 2027 onwards I think. Maybe better after MOP??
Also, maybe there's hope of increasing the limit when the time comes?
For EC buyers, usually their profits after MOP are at the range of $300-600k depending on how big their units are. So if you're looking to profit as well as live in a brand new, futuristic town, granted developments may take a while to come up such as Sengkang and Punggol 15 years ago, you're looking at a high upside potential especially being one of the lowest price new launch in Singapore with a safe entry point.
The benefit for ECs also is that you don't have to sell off your HDB immediately, you can wait till after you collect your keys to your new EC before selling. This means you get to save a large amount on rental, while getting a brand new condo. This is the difference compared to those resales at Lakeside, where chances are you may have to spend a hefty sum on renovation, and lease decay will probably set in if it's a much older property.
ECs work as a perfect transition for HDB upgraders, as the quantum is palatable and profits are decent. The main downside is the 5-year MOP, similar to HDBs, so you will probably be looking at a mid-term holding period for an EC.
skpuppy
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Personally I see:
(1) either the EC segment got removed just like DBSS (lose votes concept)
(2) income ceiling increase to $18k to cope with the increase in price (May gain more votes)
If government don’t do it, later developer angry ah. Don’t bid for EC anymore and government jialat.
If they raise income ceiling (just my guess in 2023/ 2024), it will really help them in getting new votes.
(1) either the EC segment got removed just like DBSS (lose votes concept)
(2) income ceiling increase to $18k to cope with the increase in price (May gain more votes)
If government don’t do it, later developer angry ah. Don’t bid for EC anymore and government jialat.
If they raise income ceiling (just my guess in 2023/ 2024), it will really help them in getting new votes.
bujingyun82
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tengah is positioned as a car free town.. 80% sounds about right. If you have concerns, should go to other normal towns instead..
https://www.channelnewsasia.com/singapore/hdb-tengah-park-district-flats-car-free-town-centre-615171
Stay in Tengah same as staying in JB
1993newbie
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But JB no mrt connectivity to get around
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