One of the hottest new launch this year in 2020, Kopar at newton is a 99-year leasehold development by CEL Development. As of today it has sold more than 100 units throughout the circuit breaker with buyers placing cheques through virtual viewing. CEL is also the development arm of a Singapore listed construction company and property developer Chip Eng Seng Corp.
In January 2019 last year, CEL submitted the winning bid for the 125,326 square foot plot of land at Kampong Java Road. A total of seven bids were submitted with CEL Development’s winning bid of SGD$418.8 million translates to SGD$1,192 per square foot per plot ratio (psf ppr) outshining the second-highest bid of SGD$417.24 million (SGD$1,189.97 psf ppr) submitted by competitor Guocoland. Released 2 years ago by the urban redevelopment authority under government land sale(GLS )in October, this development is also the first land sale launched after the new unit size guidelines by the URA.This new guideline is targeted at reducing the number of shoebox units in Singapore . The developer has over 50 years of experinces in the real estate development with iconic portfolios including the likes of Pinnacle@ duxton , Bishan loft and other ongoing sell out developments like Park colonial, etc. The winning bid was below analysts’ expectations which portrayed a cautious sentiment among developers.
Kopar is derived from the word “Copper” in Spanish. The name was chosen to match the sophisticated and modern looking design of the development. The luxury development features a blend of nature oasis, serene environment, and a full condominium facilities including a very premium ‘concierge’ service that is only normally seen in very high end branded residences. Enjoy a whole new experience in condo living with services from making reservation, items collection, sending your kids to school to even walking your dog.
The biggest selling point of Kopar is its prime location within 5 minutes walk to newton MRT station. Newton MRT also an interchange station comprising of the red and blue downtown line. The transport system in the neighborhood and other parts of the country is quite smooth in this region. Although Mass Rapid Transit (MRT) is a few distances away from Kopar at Newton, prospective homeowners will benefit from the best road transport system. Transportation is made seamless with the abundance of bus services that connect the area.
Homeowners who have a car can quite easily go to the nearby shopping centers or business hub through Central Expressway and Pan-Island Expressway. With an outstanding transportation system comes numerous benefits. For example, obtaining the available amenities is made quicker. The roads link the neighborhood to other famous places in Singapore, such as Tanglin, Bukit Timah, Novena, and Thomson
Renowned Shopping Destinations
With loads of shopping options conveniently positioned from Kopar at Newton, shopaholics will love their stay in this part of the country. The famous Orchard Road shopping belt is a few minute’s drive away, which will increase your various shopping options.
The malls highlight marvelous entertainment facilities, and eating destinations are available in the malls. Other convenient facilities include massage centers, food stores, skincare stores, clinics, and many more. In brief, every phase of your wellbeing and health is offered right at the corner.
United Square Shopping Mall, one of the popular in the area, is just ten minutes walk from Kopar at Newton. If you have children, then this is the ideal place to head for all your shopping requirements. The mall consists of fun play and learning activities for children. They even have training institutions and private schools for children.
When it comes to dining, the District 9 area has a multitude of restaurants and eateries. The eating establishments offer excellent quality dining with a broad range of cuisines whose prices will not break your bank. Here a variety of food is available range from local to international food, and you will rarely miss your favorite delicious food within the neighborhood. Five minutes’ walk from Kopar at Newton is the famous Newton Hawker Market. Also known as Newton Circus, this open-air hawker center is received praises due to the delightful and cheap food served by the stalls available here.
It is at this place where you will find some of the best seafood in Singapore. The stalls remain open until late at night. So, if you are a night person, then you will benefit from living in this neighborhood.
Access to colleges or schools is a factor that every investor or homeowner considers because it influences the quality of living. Kopar at Newton, being a prominent property in District 9, means it enjoys easy access to these educations centers. There are top schools present near the district. Most of the schools are located right next to Kopar at Newton, and reaching them will take your children a few minute’s walks. Apart from the plethora of choices when picking schools, future residents can forget anything to do with hectic traffic. Following are some of the schools within the vicinity:
· Saint Joseph’s Institution Junior
· Farrer Park Primary School
· Anglo-Chinese Primary School
· Saint Margaret’s Primary School
· Balestier Hill Primary
· Anglo Chinese Junior School
· Singapore Chinese School
One of the biggest tranformation around the area is Novena Health city which kopar would most likely benefit from. Kopar at Newton area is surrounded by some of the top medical and healthcare facilities in the country. The Medical City in Novena is position to be the biggest health medical hub in the region with many potential tenants and buyers’ demands expected around the area. The different facilities offer a broad range of services to suit every resident’s needs. Some of the nearby hospitals include:
· Mount Elizabeth Hospitals
· Tan Tock Seng Hospital
· KK Women’s and Children’s Hospital
· Novena Medical Centre
· Thomson Medical Centre
· Mount Alvernia Hospital
· Healthway Medical Centre
– Superb connectivity
– Surrounded by renowned schools
– Easy to rent
– Large development
– Near amenities and mall, walk to newton hawker
-surrounded by freehold resale competition
Kopar is an interesting development. Being 99 years, its plotted in the middle of an area surrounded by freehold neighbors. The concern would be will it be easy to sell in the near future. We have no doubt this will be very popular with expats in regards to aspect of rental given the location and appeal this I believe we can all concur. To analysis this, I think we can do some referencing and case studies of similar scenario where we have a 99 years condo planted in areas surrounded by freehold neighbours as I believe looking back at history is the best place to learn as it tends to repeat itself.
D’leedon is a 99 years condominium launch in 2012 in leedon road along farrer rd. Its is also the most iconic development if you were to drive past this popular road that connects the central lornie road from Thompson to bukit timah. Looking at the performance, there were also profitable transactions given it is selling at prices comparable to surrounding freeholds like the LevelZ and waterfall gardens.
If you do notice, it has even higher rental yield at 3.1% compared to the surrounding freehold. With 136 profitable transections and gross profit margin as high as $400k, we can see the demand and premium buyers willing to pay in the resale market. Apparently, despite being leasehold, D’leedon has appeal to many buyers with its newer design and facilities.
Another case study that we can reference is Martin modern, another 99 years leasehold project launch in 2017 in the River valley area District9. Though the project has yet to TOP, it has shown very good demand with prices soaring and transected at as high as $3000/psf. The early buyers who bought it at $2200/psf will benefit the most being able to identify the potential of this development.
Kopar ticks almost all the checklist for a good development with one of the biggest land size and short walking distances to the MRT. With potential demands in the future around the newton novena area and future GLS around its vicinity which will help to push up the price, we would recommend you shortlist this development.
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