According to a statement that was made by Edmund Tie in September 2021 when it put the property for sale through a tender exercise, the land has the potential to be turned into a condominium complex that may have as many as 56 units, provided that the project receives planning clearance.
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Executive condos (ECs) are widely considered as a golden ticket for Housing Board (HDB) upgraders, with roughly 300 units earning S$500,000 in resale profit as of August 29. This figure is based on the fact that as of that date, there were no units that had been sold.
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The three-month compounded Singapore Overnight Rate Average (Sora) has increased from a rate of less than 0.2 percent per year at the beginning of the year to a rate of roughly 2.2 percent as of the value date of October 7, 2022.
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As a result of the robust demand for suburban condominiums, developers should be vying for land....
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Copen Grand EC presents a new luxury executive condominium by Taurus Properties SG Pte Ltd. View Copen Grand Showflat, Brochure, Floor Plan, Price Guide, Location, Review here.
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