Kopar condo @ kampong Java

[Ayamini]

The pricing strategy isn’t too sound, not sure why the larger units starting psf is more expensive than the one bedroom unit. Was expecting the one bedroom unit psf to be more expensive due to lower quantum yet the psf of the larger units are marginally higher.

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

 

[Passerboy]

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

I think Kopar sales figures would still be strong, but not too sure about the atelier that is beside, due to the higher land price, but the atelier could win on pricing strategy given Kopar overall avg psf is expected to be $2350psf.

 

[1993newbie]

Atelier will have 153 units and it’s freehold. 1- 3 bedders Units.

Kopar will have 378 units, 99years. 1-4 bedders.

Will be interesting to see the sales figure and actual pricing. If there’s a 15-20% price GAP between FH & LH.

I think Kopar sales figures would still be strong, but not too sure about the atelier that is beside, due to the higher land price, but the atelier could win on pricing strategy given Kopar overall avg psf is expected to be $2350psf.

 

[Passerboy]

Atelier will have 153 units and it’s freehold. 1- 3 bedders Units.

Kopar will have 378 units, 99years. 1-4 bedders.

Will be interesting to see the sales figure and actual pricing. If there’s a 15-20% price GAP between FH & LH.

Oops my bad, I thought Atelier is 99y LH, then I think it’s fair value could sell upwards of 2500psf?

 

[Ayamini]

I think Kopar sales figures would still be strong, but not too sure about the atelier that is beside, due to the higher land price, but the atelier could win on pricing strategy given Kopar overall avg psf is expected to be $2350psf.

Yes strong for those 2100psf to 2200psf unit

 

[pruyeo]

Visited Kopar Showflat?

Has anyone been to the Kopar At Newton Showflat already?

 

[SethNg]

Yes strong for those 2100psf to 2200psf unit

Yup esp 1/2br, since there's no premium charged on smaller units. Strategy might be to clear half their inventory from the start then slowly work on the rest

 

[SethNg]

Has anyone been to the Kopar At Newton Showflat already?

Will be heading down later in the evening

 

[daheigou999]

Has anyone been to the Kopar At Newton Showflat already?

[My two cents]

Went down earlier today. TBH not very impressed with the facilities to warrant the $480/mo MCST fees (facade is unique but not impressive?)

Only reason to be interested is that it prices more competitively than 4th Ave and Pullman. Still threw in a cheque, just in case prices turn out better than expected (no more than 2.2k psf)

 

[Passerboy]

[My two cents]

Went down earlier today. TBH not very impressed with the facilities to warrant the $480/mo MCST fees (facade is unique but not impressive?)

Only reason to be interested is that it prices more competitively than 4th Ave and Pullman. Still threw in a cheque, just in case prices turn out better than expected (no more than 2.2k psf)

How many bedroom are you looking at?
Doubt less than 2.2k overall maybe one or two units would have but 2nd floor. When OLA advertised starting from 9xxpsf there was only one unit that was 999psf.

 

[NiShiZhu]

How many bedroom are you looking at?
Doubt less than 2.2k overall maybe one or two units would have but 2nd floor. When OLA advertised starting from 9xxpsf there was only one unit that was 999psf.

I call off the slot today as there’s a last minute meeting going on.
Meanwhile, after some thoughts, I decided to give this a miss and wait for penrose/TQL to see how they are priced.
The gross rental yield for kopar one bedder was not impressive imo with $400 maintenance fee factored in. Surrounding 1 bedder rental command at most 3k.
Not forgetting later on, there’s sinking fund.

 

[daheigou999]

How many bedroom are you looking at?
Doubt less than 2.2k overall maybe one or two units would have but 2nd floor. When OLA advertised starting from 9xxpsf there was only one unit that was 999psf.

2BR

Apart from pool facing, the low-floor will actually be quite bad since they either face the busy BT Road or condo entrance. Neither are ideal for own-stay (esp. after paying 2.2k psf).

I’d rather pick up one of the fire-sale CBD condos < 2k that are barely 5-10 years old. Better value for money from own stay perspective

 

[daheigou999]

I call off the slot today as there’s a last minute meeting going on.
Meanwhile, after some thoughts, I decided to give this a miss and wait for penrose/TQL to see how they are priced.
The gross rental yield for kopar one bedder was not impressive imo with $400 maintenance fee factored in. Surrounding 1 bedder rental command at most 3k.
Not forgetting later on, there’s sinking fund.

Ya the math isn’t the most attractive from investors’ perspective.

Newton’s rent seems to be lagging behind other CCR, and the MCST doesn’t help

 

[NiShiZhu]

Ya the math isn’t the most attractive from investors’ perspective.

Newton’s rent seems to be lagging behind other CCR, and the MCST doesn’t help

Newton is the poorer cousin of district 9.
Technically, it’s not exactly right smack in district 9 but it looks more like district 11 to me.
It’s saving grace is it happens to sit within the border of D9.

 

[Passerboy]

2BR

Apart from pool facing, the low-floor will actually be quite bad since they either face the busy BT Road or condo entrance. Neither are ideal for own-stay (esp. after paying 2.2k psf).

I’d rather pick up one of the fire-sale CBD condos < 2k that are barely 5-10 years old. Better value for money from own stay perspective

There is another plot at Bernam St (Tanjong Pagar Area) should be about 2400psf which is relatively decent, can consider that too.

 

[daheigou999]

Newton is the poorer cousin of district 9.
Technically, it’s not exactly right smack in district 9 but it looks more like district 11 to me.
It’s saving grace is it happens to sit within the border of D9.

Yes, and the “obstacle race” around Newton Circus from Kopar to Newton MRT is a huge turn-off

 

[daheigou999]

There is another plot at Bernam St (Tanjong Pagar Area) should be about 2400psf which is relatively decent, can consider that too.

So far, the CBD condos launched at such prices haven’t really performed like Altez by FEO and Skysuites by Allgreen.

Most launch buyers are nursing a paper loss, which could also mean good hunting ground for resale

Bernam GLS is by Hao Yuan (not the most reputed developer?)

 

[aiyahwhatever]

So far, the CBD condos launched at such prices haven’t really performed like Altez by FEO and Skysuites by Allgreen.

Most launch buyers are nursing a paper loss, which could also mean good hunting ground for resale

Bernam GLS is by Hao Yuan (not the most reputed developer?)

Hahaha such an opportunist BUT I say that with all the best intentions. If only one could find a place that is affordable, attractive location wise, decent maintenance fees, yet not “old”.

Hahhh I shall continue dreaming

CBD / resale wise, I was considering Icon but there are “but”s. Sorry to detract from Kopar. I feel CBD got good take up rate for tenancy purely based on what I see. I have colleagues staying there although they’re in their late 20s - early 30s...

 

[subprimelive]

the 400 maintenance fee is paid on quarterly basis? or monthly basis for kopar?

 

[NiShiZhu]

the 400 maintenance fee is paid on quarterly basis? or monthly basis for kopar?

All condos that I bought the maintenance is paid quarterly. Means $1200 quarterly.