When you are looking for a luxury apartment in Singapore, you have a number of options. The length of your stay, the location, and the amenities are just some of the factors to consider. You should also consider the price. After all, this is your second home.
Location
Executive condominiums are almost discounted versions of private condominiums. For example, if a plot of land costs $600 psf ppr, the median sales price should be around $1300 per sqf, as marketing costs and other expenses are usually assumed in the prices. These properties are available in many different styles, sizes, and layouts. Some are even “Smart Homes”, equipped with modern appliances.
These developments are close to various public transportation options. Both are located near the Pan Island Expressway and the Kranji Expressway, allowing residents to commute easily to all parts of Singapore. Nearby MRT stations include Hong Kah and Tengah. Both are located along the Jurong Regional Line phase two. These developments are also close to a number of schools, including DaZhong Primary School, Jurong Primary School, and Shuqun Primary School.
Moreover, residents will enjoy a serene environment in these executive condominiums. Tengah Forest Town is one of Singapore’s latest HDB towns. It has five distinct districts and is the first HDB town to use smart technologies. The site is surrounded by a park corridor and an MRT station. As a result, residents will have easy access to various amenities, healthcare facilities, and other areas of town.
Cost
The site is a triangular parcel spanning over 237,032 square feet and is in the Garden District of Tengah, between the Park and the Plantation districts. It is bounded on the north and south by Tengah Drive. On the east and west, the site is flanked by a park corridor and an MRT track. Since it is tucked away on a park corridor, it is quite detached from the adjacent blocks.
The launch price for the Copen Grand EC is an average of $1,300 per sq ft. It also comes with an additional three percent for units sold under deferred payment scheme. Comparably, mass market new private condominium launches are hitting $2,100 psf, which is higher than the average launch price of an EC.
Both Copen Grand and Tenet ECs have excellent access to nearby educational and lifestyle facilities. The location is also well-served by several MRT stations. The closest one is at the Tengah MRT station, while the other two are about five to eight minutes away. The future developments will also include a polyclinic, sports centre, and community club. A bus interchange is also within close proximity.