New High at Kopar At Newton of $2,703 psf
New High at Kopar At Newton of $2,703 psf. The highest transaction recorded on a psf basis for the week of April 16 to 22 was for a two-bedroom apartment at Kopar At Newton, which was sold by the developer for $1.86 million or $2,703 psf on April 21. The 689 square foot flat is on the 19th level. The new psf high marks the first time the project has surpassed the $2,700 psf level.
Chip Eng Seng’s property business, CEL Development, created Kopar At Newton, a 378-unit luxury apartment. In April 2020, the 99-year leasehold project was first put up for sale (similarly, AMO Residence will have 372 units). The project is located in desirable District 9 along Kampong Java Road, off Bukit Timah Road. Based on caveats lodged, the property has a 73 percent take-up rate, with apartments selling at an average price of $2,350 psf. The expected temporary occupation permit (TOP) for Kopar At Newton is in December 2023.
Newton MRT Station, an interchange for the North-South and Downtown Lines, is within walking distance of the property. The Newton Food Centre is directly across from the complex, and the Orchard Road shopping belt and the Botanic Gardens are both nearby. The Gazania, meantime, has set a new psf price high after a one-bedroom flat of 441 sq ft sold for $1.1 million ($2,499 psf) on April 19.
The Gazania is a freehold condominium by listed developer SingHaiyi Group, located on How Sun Drive in the Bartley district of District 19. The Gazania, which went on the market in May 2019, consists of seven low-rise residential blocks with a total of 250 units. To date, 32 percent of the development’s apartments have been sold, with an average price of $2,060 psf. The Gazania is a redevelopment of the former Sun Rosier condominium, which SingHaiyi bought outright in September 2017 for $271 million. The Circle line’s Bartley MRT station is just a short walk away. The project is projected to attained its TOP in 4Q2022. Another upcoming development AMO Residence will also be sited near to a MRT station.
Parc Esta, located on Sims Avenue in Eunos, is another project with a new psf high. On April 16, a two-bedroom unit with 635 square feet sold for $1.4 million, or $2,201 per square foot. The sold apartment is on the second story.
MCL Land’s Parc Esta is a 1,399-unit luxury condominium. The reconstruction of the former Eunosville privatised HUDC estate, which MCL Land purchased en bloc for $765 million in June 2017, is a 99-year leasehold complex with nine 18-story blocks. The development, which opened in November 2018, is completely sold out. It is expected to be finished by the end of the year. Eunos MRT station on the East-West line, as well as Geylang Serai Market, are both within walking distance of the property. Paya Lebar Square, SingPost Centre, and PLQ Mall are among the nearby attractions.
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