Kopar condo @ kampong Java

[pruyeo]

Hope their pricing strategy work in current situation. But i doubt so

so far their pricing strategy seems to be working.. they actually sold a number of units during the circuit breaker without any physical visits to the showroom.

 

[daheigou999]

so far their pricing strategy seems to be working.. they actually sold a number of units during the circuit breaker without any physical visits to the showroom.

Basically the lower-priced units facing the condo entrance.

Will be interesting to see if buyers will bite on the 2.5k+ psf “premium” units

 

[NiShiZhu]

Basically the lower-priced units facing the condo entrance.

Will be interesting to see if buyers will bite on the 2.5k+ psf “premium” units

Depends on how atelier price their units.
If gap is more than 300psf, then maybe.

 

[daheigou999]

Depends on how atelier price their units.
If gap is more than 300psf, then maybe.

Nothing heard on Atelier right? Bukit Sembawang is always so slow on their launches (Liv @ MB as well)

 

[NiShiZhu]

Nothing heard on Atelier right? Bukit Sembawang is always so slow on their launches (Liv @ MB as well)

If atelier price 2.5-2.6kpsf then Kopar subsequent sales will gg.

 

[daheigou999]

If atelier price 2.5-2.6kpsf then Kopar subsequent sales will gg.

Secretly hoping that’s the case

 

[NiShiZhu]

Secretly hoping that’s the case

Different source different info.
Some Source says starting from 2500psf while another source says start at 2700psf.

 

[sinequa88]

if atelier price below market, CEL has margin to cut Kopar prices.

remember the land cost of only 11xx psf approx? hahaha

 

[NiShiZhu]

if atelier price below market, CEL has margin to cut Kopar prices.

remember the land cost of only 11xx psf approx? hahaha

The early buyer’s fate for Kopar rely on how atelier will be priced.
Yes, CEL got room to adjust price lower as the breakeven price for Kopar is only 17xxpsf.

 

[Ohw123]

The early buyer’s fate for Kopar rely on how atelier will be priced.
Yes, CEL got room to adjust price lower as the breakeven price for Kopar is only 17xxpsf.

I thought the breakeven is like 16xxpsf not 17xxpsf?

 

[NiShiZhu]

I thought the breakeven is like 16xxpsf not 17xxpsf? ��

It’s 17xxpsf breakeven.

https://www.kopar-at-newton.sg/

 

[daheigou999]

if atelier price below market, CEL has margin to cut Kopar prices.

remember the land cost of only 11xx psf approx? hahaha

CEL has a history of screwing its early buyers (if needed). Remember Cityvista Residences?

 

[sinequa88]

The early buyer’s fate for Kopar rely on how atelier will be priced.
Yes, CEL got room to adjust price lower as the breakeven price for Kopar is only 17xxpsf.

which means at the early launch of average 2,350psf, the profit margin was approx 40%. quite a fat margin and plenty of room to cut! haha

if kopar's offering was of better quality and even if price was only slightly lower than atelier, i think people may still choose kopar over atelier given the latter seems to be more of a boutique offering.

but looking at the furnishing and overall quality... hmmpf


pullman cut a bit of its prices. caveats lodged in june for the smaller units are hovering at 26xx psf mark (earlier caveats touched 3xxx psf mark) . i doubt atelier will launch at 27xx if it wants to avoid a fate similar to pullman. pullman has a brand record while atelier doesnt.

 

[NiShiZhu]

which means at the early launch of average 2,350psf, the profit margin was approx 40%. quite a fat margin and plenty of room to cut! haha

if kopar's offering was of better quality and even if price was only slightly lower than atelier, i think people may still choose kopar over atelier given the latter seems to be more of a boutique offering.

but looking at the furnishing and overall quality... hmmpf


pullman cut a bit of its prices. caveats lodged in june for the smaller units are hovering at 26xx psf mark (earlier caveats touched 3xxx psf mark) . i doubt atelier will launch at 27xx if it wants to avoid a fate similar to pullman. pullman has a brand record while atelier doesnt.

Pullman 26xxpsf are mainly the lower floor (1st to 5th), high floor 26-30th floor can hit 3-3.3kpsf.
I don’t think there’s price cut for Pullman so far. They price by floor levels.

 

[NiShiZhu]

CEL has a history of screwing its early buyers (if needed). Remember Cityvista Residences?

Not really.
They also have projects that like to screw the late buyers too.
I.e grandeur park, park colonial both keep increase price like no tmr in the later part.

 

[sinequa88]

Not really.
They also have projects that like to screw the late buyers too.
I.e grandeur park, park colonial all keep increase price like no tmr in the later part.

and people still buy!

 

[NiShiZhu]

and people still buy!

Grandeur park I can understand because back in 2017, most units were priced only around 13xxpsf and it was at tenah Merah (D16) with mrt at doorstep. CEL only Priced at 10% profit margin for grandeur park during initial launch. That explains the brisk sales.
In late 2018-2020, 4/5 bedder price increase by 200k-300k.... Translating to 15xxpsf. Guess they tag along with the market rate by taking cue from other new launches like PE, affinity, etc.

For park colonial, hitting 2kpsf was rather absurd imo.

 

[pruyeo]

which means at the early launch of average 2,350psf, the profit margin was approx 40%. quite a fat margin and plenty of room to cut! haha

if Kopar Newton 's offering was of better quality and even if price was only slightly lower than atelier, i think people may still choose kopar over atelier given the latter seems to be more of a boutique offering.

but looking at the furnishing and overall quality... hmmpf


pullman cut a bit of its prices. caveats lodged in june for the smaller units are hovering at 26xx psf mark (earlier caveats touched 3xxx psf mark) . i doubt atelier will launch at 27xx if it wants to avoid a fate similar to pullman. pullman has a brand record while atelier doesnt.

I wonder given the increase in costs of construction because of the social distancing and more tests on the workers, will CEL be able to maintain the $2350 psf average?

 

[daheigou999]

I wonder given the increase in costs of construction because of the social distancing and more tests on the workers, will CEL be able to maintain the $2350 psf average?

The lower priced units are mostly sold anyway. Interesting to see how they clear the 2.6k+ psf units

 

[pruyeo]

CEL has a history of increasing rates once they pass 30% sold .. let's see if they will do the same this time round..