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https://www.straitstimes.com/singapore/housing/first-executive-condo-launch-of-2024-sells-53-of-units 53% of units sold at first executive condo launch of 2024 SINGAPORE – The first executive condominium (EC) launched this year saw more than half of the available units sold over the weekend, with analysts offering mixed assessments of the take-up. Some said the 53 per cent of units sold at Lumina Grand, launched in Jan 27, shows healthy demand for ECs, while one analyst noted that proportion sold has dropped from the highs of the previous years despite favourable conditions. City Developments Limited (CDL), developer of the Bukit Batok project, said in a media release that 269 out of 512 units had been sold as at noon on Jan 28, with the three-bedroom premium and four-bedroom units the most popular. Lumina Grand units are priced from $1.34 million for a three-bedroom to $1.39 million for a three-bedroom premium and $1.63 million for a four-bedroom. A five-bedroom unit at the EC is priced at $2.1 million. The average launch price was $1,464 per sq ft, with an additional 3 per cent applied to units sold under the deferred payment scheme. CDL group chief executive officer Sherman Kwek, in a statement, said: “The strong take-up rate for Lumina Grand reflects the keen interest among first-time buyers and HDB upgraders for well located and thoughtfully designed properties.” In the statement, the property giant noted that only 30 per cent of ECs can be allocated to second-time buyers during the initial launch under current regulations, and that this quota had been reached for Lumina Grand. Huttons Asia CEO Mark Yip said the demand from second-time buyers was “very strong”. He noted that the split between first-time and second-time buyers was 43 per cent and 57 per cent. ERA Singapore CEO Marcus Chu said there was sizeable pent-up demand from qualified buyers for the project as it is likely to be the only EC launch this year. Mr Chu noted that there is a price gap of 44 per cent between an EC and a newly launched suburban private condominium located outside the central region. This is up from the gap of 29 per cent in 2019, making ECs an attractive option, he added. He said astute home buyers are also drawn to the potential for ECs to be sold at private property prices, adding that EC owners typically make a gross profit of between $300,000 and $450,000. Based on EC projects completed since 2015, there were only three unprofitable transactions, he said. Propnex CEO Ismail Gafoor, meanwhile, said there is pent-up demand for ECs as there was a limited number of unsold ECs in the area. He cited the nearby Altura development being 89 per cent sold as at Jan 20. “Furthermore, (with the project) being located near the upcoming Tengah new town, where plenty of new HDB flats are being built, some EC buyers may see it as a potential exit plan in the future, by selling their EC units to HDB upgraders eventually,” said Mr Ismail. However, Mr Nicholas Mak, chief research officer of Mogul.sg, observed that the take-up rates of the most-recent EC project launches have been slipping gradually, with Lumina Grand the lowest among four projects. In the first weekend of its launch, Copen Grand EC, launched in October 2022, saw 73 per cent of its 639 units sold; Tenet EC, launched in Dec 22, had 72 per cent of its 618 units sold, and Altura EC, launched in August 2023, had 61.1 per cent of its 360 units sold. Lumina Grand’s lower take-up rate is despite the factors in its favour, said Mr Mak. He cited how the project is likely to be the only EC launched this year and also the low stock of available EC units. He attributed the falling take-up rate to the rising prices of EC units. The average price of Copen Grand was $1,300 psf, while the average price of Lumina Grand is 12.6 per cent higher, at $1,464 psf after the “early-bird” discount, he said. Over the same period, the non-landed residential property price index had risen more slowly at 6.9 per cent, he added. “Hence, the price increase of new EC units has outpaced the prices of the rest of the condominium market,” he said. “Although ECs are still popular, the housing budgets of home buyers are limited.” ERA, Huttons and PropNex are the marketing agents for Lumina Grand, along with OrangeTee & Tie. The 179,000 sq ft development, which consists of 10 12- to 13-storey residential blocks, features unit sizes ranging from 936 sq ft for a three-bedroom flat to 1,496 sq ft for a typical five-bedroom unit. Located at the junction of Bukit Batok West Avenue 5 and Bukit Batok Road, Lumina Grand has facilities such as a 50m-long lap pool, reading lounges and a kids’ play zone. The EC is located near the Bukit Gombak MRT station on the North-South Line, as well as the future Tengah Plantation and Tengah Park stations on the upcoming Jurong Region Line.

Hey guys, been a long time since I've been active here, but you know what? I've been brewing a car taxation plan in the back of my mind for months, just never sat down to write it out. We all know the legendary COE and many of us by now have already said it needs a do-over, even the polimakers are starting to say something about giving it a do-over. But always without reconsidering what classifying cars should be. Since I'm never gonna get into the "job" of public service, here's my comprehensive... uh... suggestion? You wanna tl;dr? Fine, I'll leave one at the end. Total COE Restructure Let's start with the headliner, which is always our iconic certificates (we know our car don't last forever, because of COE). Since its inception, the COE has, for consumers, been fundamentally separated into categories A and B, which for now I will focus on. As a reminder; Category A represents passenger vehicles up to 1,600cc or 130hp (97kW), and Category B is just... anything over that, making the assumption that B category vehicles are inherently larger or more luxurious vehicles. Now, the main proclaimed goal of COE is managing the vehicle population, and ostensibly managing road congestion by limiting the volume of cars. With that stated intent in mind, who agrees that a car's power output and displacement has any real bearing on its ability to create congestion? Would ten buses cause more congestion than ten Golf Rs in the same stretch of road? Would ten Cat B Golf Rs cause more congestion than ten Cat A Golf (....what's it called now? 90TSI? Scrap that too) Ten buses would definitely block more road than ten Golfs, EA888 or not, but of course the counterpoint is that ten buses holds many times more people than ten Golfs, or even the equivalent number of Golfs in terms of length. Redefining the Categories... on Size. So my suggestion is, actually, quite simple - let's redefine COE categories based on the physical size of vehicles. This is easily accessible information, I cannot think of any car that you cannot get dimension information for, and if you really can't, there's nothing stopping the homologation department from breaking out a tape measure. I don't think I want to arbitrarily define numbers I think are suitable for separating Category A and B at the moment, but... If we consider trends, I'd say a comfortable position for Category A is 4,700mm long and below, as most "compact" sedans today remain in the ~4,650mm long range, and plenty of small hatchbacks are well low that. (Isn't it ridiculous that a 2020 G20 3-series now is longer than the 1994 Mazda Capella/626?) Anyway, keeping things simple would be using length, because that is usually what really determines how much space a car needs on a road. I consider 4.65m a median of sorts, 4.7~5m the range locals traditionally consider a large family car, and that anything over 5m, nobody is going to call that small. Cars under 4.4m are typically the 'small' ones today, you'd be hard pressed to still find something under 4m. Again, keeping it simple, if we were to retain a binary classification, Category A could be below 4.7m and Category B anything longer than that. Alternatively, we can expand it a little to include overall footprint, by taking length x width of the car, but given that lanes are lanes and people aren't supposed to be driving across two lanes, it occurred to me while writing this that that's really a little unnecessary, plus it makes it a tad harder to account for capacities. Long story short though, is let's just redefine COE categories based on size/length of a car, not its engine power/displacement, which no longer has any real direct bearing on its state of luxury, economy, efficiency, or, most importantly, physical size. COE Incentive for Family Vehicles With Singapore's infamously small land area, there's a consistent push for car sharing, reducing the number of individual vehicles, increasing the person per vehicle, and so on, but there's also a consistent and very unhappy demographic of families that for practical purposes need a vehicle on demand for themselves to manage their children. Yes, you can bring your kids on a bus, but with a stroller and all the like, managing a potentially rambunctious or easily upset child whilst carrying a baby or other nightmare scenarios, you can imagine all of that, and there are plenty of little articles about why families scrounge everything they can to afford a car even with the wide availability of ride hailing and our celebrated public transport. (Simply don't Go aside) By their nature, a sportscar, two seaters especially, have less capacity for transporting and are traditionally the domain of luxury, and rarely sit in the lower price classes. But at the same time, a tiny convertible like a Daihatsu Copen may be really just a recreational vehicle for two, but it takes up virtually no road at all compared to a Toyota Fortuner. With this in mind, I'd propose that any vehicle with less than five seats incur a COE multiplier - it should cost more to own a vehicle of this type, but it should still be in accordance with its size. As such, a 7-seater, which has the capacity to hold more people, and is often a choice made to accommodate a growing family, should be incentivized - it should have a COE reduction. Of course, it's always going to be true that cars spend a lot of time with less than their entire capacity filled, but there's really not a whole lot we can do to mitigate that. But the fact is that placing a Polo GTI in the same taxation category as a Nissan X-Trail, or a bus-lane demanding Aventador, is antithetical to the system's intent. Many of the times a family that really could do with a vehicle are the ones who are suffering the most from sky high COEs, whereas we know by now those who can afford their fifth Porsche don't really care too much about an extra $20k. Short version: COE classification based on size of the car COE Penalty for impractical sports vehicles with less usable seats COE benefit for practical family vehicles with more usable seats But hold on, why again do we need to fuss so much? The COE system has been unfairly cruel to the folks who can arguably need vehicles the most, and at real worst an annoyance to rental/fleet companies and affluent individuals with the means to own multiple cars. There needs to be a real restructuring to allow more cars to be used by these young families who struggle in many ways because they see cars as a necessity even with all their 'alternatives', while taking more from those who are ordering their third Cayman. Size is the thing that implicates congestion potential the most, and instead encouraging a population of many small cars, two Jazzes can hold five people (even if in relative discomfort) each compared to four in a standard S-class, while taking up only marginally more effective space on the road. A Prius makes barely over 130hp and gets shoved into Cat B, but who's gonna say a Prius is appreciably more luxury than a Corolla Altis? Power and displacement has long been detached from a car's class, but physically larger cars often really do be more inefficient and luxurious - compare, say, again, an Audi A1 to an Audi A6. You can have both with the 1.4TFSI engine, but the A4 is noticeably better built on the inside. Even accounting for the tune increase, the Cat B A4 1.4 is much less efficient because it weighs more. Then you have the obviously ridiculous Mercedes Benz MFA180 spec, (A180, B180, CLA180, etc.), which previously came with the M270 "RED" engine, RED standing for reduced - that brought the 1.6L engine from MFA200 specs of around 155hp to the Category A 130hp to allow the premium brand to sell Category A vehicles here. The thing that's widely ignored is that the Cat A "RED" engine is not only less powerful, but less efficient, both in the claimed numbers and in real use. A more recent example is the 2023 Honda Civic Turbo's local exclusive Cat A 129hp tune, a substantial reduction from the engine's normal 180hp variant, without being appreciably more efficient, and even before that KM is one of just 8 territories where the ancient 1.6L engine was recycled one more time for the 2017 Civic tenth gen. Many hybrids produce over 130hp but are more efficient, but automatically get discouraged by Cat B. I'll reiterate this point, but to summarise this section; The current COE structure is outdated, nonsensical even at its inception and does not keep cars affordable for lower income families who need them to better manage their children in their busy lives, an increasingly vocal demographic that we weigh all our hopes on. Managing one kid and one stroller on Bus MRT Walk is tough enough, but our population won't grow when it's so hard to care for your children. Plus, the absurd choice of metrics of power output and displacement to classify vehicles discourages innovation in powerplants that we seriously need for reducing the gasoline footprint, resulting in a larger population of cars with outdated engines. The World's Most Expensive Cars... with the lowest specifications We already know we have the most expensive cars in the world, but have you noticed we have the lowest specced cars in the world too? Why? ARF. The ARF taxation is why you pay for your car's value, at minimum, twice over - a car's ARF, before "incentives", is 100% of a vehicle's OMV, and gets worse from there. As such, higher spec vehicles incurring higher OMV incur higher ARF. This of course makes sense from the standpoint of taxing luxury, but it also means that dealers, with their immense margins, are not willing to bring in vehicles that are well equipped. Consider Citroën under C&C, which has for whatever reason decided that the storied French nameplate should be a lower cost brand. Their latest lineups have been exclusively brought in with pretty barebone specifications, lacking even electric seat options. "Premium" Automobiles has been perhaps the most depressing offender to me personally, with their hypocritical name - their cars routinely lack any manner of technology that befits Audi's slogan, just a few of the most obviously visible ones for "wow" factor - Virtual Cockpit for example was hyped early on. Due to the expensive taxation via ARF, batch homologation and lack of flexibility in bringing in cars of individually customized equipment levels, the dealers are largely discouraged from importing vehicles with full equipment lists - as someone who personally wants a car with all the trimmings, this has been a long running frustration of mine. Audi's presense active safety/assistance suite is available on...... I don't know, which? Only the A8? The Q8 doesn't even have the sunglasses compartment and lined interior visors, for crying out loud. You can get all of those on... a Skoda Octavia. For far less. Why do I care so much about these features? Because many of these are safety technologies that are being exorcised from premium cars, safety technologies I was one of the earliest to adopt. I've a 2015 model year vehicle featuring adaptive cruise, blind spot warnings and lane keeping assist, four years before these features have reached Singapore's mainstream. And you still struggle to get these as standard on an Audi, a BMW, or a Mercedes. Even though they're widely available from mainstream brands now (Peugeot, Toyota SafetySense, Honda Sensing, Subaru Eyesight, Mazda has it too, so on), the premium marques don't offer adaptive cruise or their full safety suites, at best a cut down variant. PML BMWs have begun to have Driving Assistant across all cars, but this is limited to camera based front active city braking, blind spot warning and lane keeping, you are still denied RADAR based active cruise. And the PA imported Audi S3 in 2019 did not come with a reverse camera. I want an upgrade, not a downgrade. There needs to be more emphasis on safety technologies and not "wow" technologies, and dealers need to start offering smaller vehicles with premium equipment lists. What's a solution? Obviously this problem also lies with dealers and consumer mindsets, the desires always to cut corners on our already expensive cars, and I think it's fine that we should have to pay more for options like Virtual Cockpit, or Alcantara trim. But I think we need to stop compromising on safety technology. This is to me, non-negotiable at this point. In other countries across the world, many marques have begun offering these features as standard. Hold on, you might say, why does it matter so much? I don't need this stuff, I drive fine. So in the eight years I've been driving my beloved Mondeo, I've used Adaptive Cruise nearly every journey... But I've had the emergency brake intervention trigger only twice. I was sleepy. You will never be driving in 100% perfect condition every day of your life. We already say we've got some of the worst drivers, the most kiasu, the most impolite, and my Mondeo isn't shy about warning me that I'm less than two seconds of following distance to the car in front (I have sensitivity on high for pedestrian detection), but what's to say we can't reduce the number of accidents with these features? Side anecdote, I'm still baffled by how seven cars can have a chain collision in the middle of the highway, an empty highway during Circuit Breaker, in broad, clear daylight. What kind of absurd scenario causes that? Yes, it'll make the cars more expensive, as these aren't without a cost, but can you imagine how much less we'd lose in time and money if we had virtually zero accidents across our roads? Less congestion, less time wasted, less fuel burnt in traffic jams, no need to waste TP resources dispatching to manage the scene, less money spent on EMAS recovery. Less money lost on people idling in a jam. So I propose that there be a discount incentive for safety technology equipment on cars. Say, a $500 incentive for forward collision detection. $500 off for Blind Spot warning. $250 off for adaptive headlights. $250 off for seatbelt airbags (my Mondeo didn't come with them, sadly) Something like that. I also think, really, we should consider making it possible to fine someone extra if they were involved in an accident while driving with that feature disabled (if equipped, obviously), or at least if I were an insurance officer I would probably increase the person's excess for that incident. The legislation has long been discouraging advanced technologies and our cars have been routinely some of the worst equipped in the world, while the COE system somehow results in some of the most inefficient powerplants reaching us. You might have noticed I didn't specify a discount on ARF, which has long been the typical means of providing incentives, notably through the EV early adopters incentive and the CEVS rebate. That's because anyone who knows ARF knows that ARF is what determines your PARF rebate, more commonly known as scrap value. The PARF rebate depreciates linearly from 100% ARF to 50% over the ten years of the car's original COE, which means that every $1,000 discount on ARF is really a $500 loss to your PARF rebate. Which is why cars, particularly EVs, that have high CEVS rebates, have spectacularly poor depreciation rates. (See, for example, SGCM's BMW iX3 vs X3 faceoff) Incentives need to be serious, and to be really serious about being an incentive they need to not take from the consumer's back pocket. I also suggest we start incentivizing real hybrids, and plug-in hybrids. In a meaningful way. Tons of dealers have started offering mild hybrids, which just include a small booster battery that helps start from a standstill. These do not confer any real efficiency benefit overall. Plug-in Hybrids are expensive now, but deserve to have more penetration. I asked many a dealer, why are you not offering PHEVs? The answer? Nobody wants them. My response; nobody I've asked knows they exist. Dear dealers, you make the markets, not the consumers, in Singapore. Do us better. I suddenly got really sleepy at this point, so I'll maybe elaborate in another post. All the essential info's above. But what else do I think I want to throw in? The diesel duty raise. That was dumb - commercial vehicles are the most frequent user of diesel, and increasing their cost to run has undoubtedly lead to delivery and freight costs rising and reaching the consumer. Rental companies propping up COEs with their indifference to high COE prices? Supposedly doesn't happen, but I doubt that. Almost definitely has to be happening, and then those cheap grade low spec cars get dumped on the preowned market exacerbating the problems I described. Not to mention that expensive COEs lead to more use of rental vehicles, which the rental companies can price up to recover their costs...? Makes for a self-sustaining cycle. Anyway, as promised, tl;dr; COE current system of displacement/power is dumb (and was dumb in 1990), change classification system to be based on length. Discount COE for more than 5 seats, penalty for less than 5 seats Revise ARF/add incentives for safety technology to encourage safer cars Revise incentives to encourage more efficient gasoline cars, not just EVs, because EVs are still not ready

I think the newest non van daihatsu on our shores would be the new copen and that was a couple of years back.

Last time still got the Copen. Even further back their 14f lorry is very popular in sg Currently only their terios is still around I think. Imagine those accidents case if now start lawsuit for injury etc.

https://www.edgeprop.sg/property-news/copen-grand-ec-receives-2300-e-applications Copen Grand EC receives 2,300 e-applications SINGAPORE (EDGEPROP) - Copen Grand, an executive condominium (EC) by City Developments Ltd (CDL) and MCL Land in Tengah Town, has drawn around 20,700 visitors to its sales gallery since the project opened for preview on Oct 7, according to CDL. Read also: City Developments-MCL Land previews Copen Grand at prices starting from $1.08 mil E-applications for the development, which opened on Oct 7 and closed on Oct 17, saw about 2,300 applications received for the 639-unit project. Sales bookings for Copen Grand will commence on Oct 22. Balloting will be done the day before, on Oct 21. “With the limited supply of new ECs coming onstream, home buyers were drawn to Copen Grand’s strong locational attributes and proximity to three upcoming MRT stations, which is unique for an EC,” CDL says in an Oct 18 statement. The developer adds that buyers are also attracted to the project’s location close to neighbouring hubs Jurong Lake District and Jurong Innovation District, as well as lifestyle amenities available in Tengah Town. Copen Grand is the first EC in the upcoming Tengah Town estate, which is envisioned as Singapore’s “first smart and sustainable precinct”. It will feature the first car-free town centre, with underground roads freeing up space on the ground level for dedicated walking and cycling paths. Amenities include a future 20ha Central Park. Copen Grand is within walking distance of three MRT stations on the upcoming Jurong Region Line — Tengah, Hong Kah and Tengah Plantation — and a bus interchange. The EC will have 12 blocks of 14 storeys each, with a range of units from 807 sq ft for a two-bedroom plus study to 1,722 sq ft for a top-floor, five-bedroom premium unit.

https://www.edgeprop.sg/property-news/altura-ec-sells-61-units-launch-day-hits-record-high-average-price-1433-psf Altura EC sells 61% of units on launch day, hits a record high average price of $1,433 psf Joint developers Qingjian Realty and Santarli Realty announced that the 360-unit Altura executive condo (EC) at Bukit Batok West Avenue 8 had sold 220 units (61.1%) at the close of its launch day on August 5. The project is said to have achieved an average price of $1,433 psf. "The project achieved an average pricing of $1,433 psf, a record launch price for new EC projects," says Ismail Gafoor, CEO of PropNex. "The new benchmark pricing tested the affordability threshold of buyers; although from the take-up at today's launch, it seems that the pricing for most units is well within the affordability of buyers." By comparison, the 639-unit Copen Grand EC at Tengah Garden Walk, a joint venture project between City Developments and MCL Land, was launched last October and entirely sold in December 2022 at an average price of $1,334 psf. The 616-unit Tenet EC, also a joint venture between Qingjian and Santarli, was launched last December and 100% sold this July at an average price of $1,382 psf, based on caveats lodged. “The robust demand for Altura was expected as it is possibly the only EC launch in 2023," says Marcus Chu, CEO of ERA Singapore. "Copen Grand EC, launched in Q4 2022, was fully sold within just one month.” According to Yen Chong, deputy general manager of Qingjian Realty, Altura is the first EC in Bukit Batok in over 20 years. The last EC launch in Bukit Batok was The Dew at Bukit Batok Street 21 in May 2001. "We have significant pent-up demand from both first- and second-time homebuyers," says Chong. "Altura's strategic location adds to its appeal. It is within a 1km radius of ACS [Anglo-Chinese School] Primary, making it an attractive choice for families seeking proximity to reputable schools." ACS Primary will be moving from Barker Road to Tengah in 2030 and will be a co-ed school from then. Restrictions, but deferred payment scheme available A hybrid product, ECs are designed by developers with finishings, fittings, and communal facilities like other private condos. “Many newlyweds and young families are drawn to ECs as they have the same look and feel of a private condominium but are designed specifically for owner-occupation," says ERA's Chu. "Investors are shut out from buying new launch ECs as these can only be sold to homebuyers that meet the eligibility criteria." However, buyers of ECs are subject to HDB eligibility requirements in terms of household income ceiling, 30% mortgage servicing ratio (MSR) and a minimum occupation period (MOP). After a MOP of five years, the EC owner is restricted to selling only to Singapore citizens or Permanent Residents. Only after the 10th year of MOP can the EC be sold to foreigners like a typical 99-year leasehold private condo. First-time buyers of ECs stand to enjoy "a huge upside" upon fulfilling their MOP of 10 years, says Mark Yip, CEO of Huttons Asia. A recent study by Huttons Data Analytics showed that the average gains upon MOP were more than $300,000. "ACS Primary's move to Tengah by 2030 is expected to give Altura a further boost in prices," says Yip. The monthly household income ceiling for ECs is $16,000. New EC buyers cannot tap HDB housing loans but must borrow from banks to finance their purchases. Banks will use a medium-term interest rate of 4% to compute the loan amount to be extended to borrowers. "This could restrict the loan amount the buyer can secure and may require them to fork out more cash up front," PropNex's Gafoor points out. However, EC buyers can take up the Deferred Payment Scheme (DPS), which gives buyers more flexibility and time to make their down payment. Gafoor notes that most buyers at Altura's launch opted for the DPS. ‘Overwhelming’ demand from second-timers Under EC rules, only 30% of units can be allotted to second-timers and HDB upgraders at a new launch of an EC project. HDB considers second-timers to be those who have purchased an HDB in the resale market or Built-to-Order and have enjoyed a housing subsidy. The quota on second-timers will be lifted after 30 days. Over 70% of the e-applications and ballot tickets received were from second-time applicants. Demand was "overwhelming", according to PropNex's Gafoor, with all 108 units (30%) allotted to second-timers at Altura taken up within three hours – by 1pm on the first day of launch on August 5. Second-timers who purchase ECs are given upfront remission on additional buyer's stamp duty, says Huttons' Yip. "HDB upgraders only need to sell their existing flat upon completion of Altura, which means they can continue to stay in them." E-application period for second-timers will run from September 2 to 11, with sales booking scheduled on September 16. When sales bookings for second-timers open 30 days from now, Gafoor says, "I'm certain Altura should be at least 90% sold."

Hi guys, Was thinking of getting this ride to replace my 1 year old MR-S. What do you guys think of this car? Went to test drive it today at BHP. Found it not bad for it's performance but a bit tight for the interior. Only concern it's the spare parts availablity and servicing. Does anyone knows where can I purchase the spare parts for this car and which place is good to go for servicing for a car like this? Lastly, do any of you guys know any local Copen car forum or English Copen car forums? Doing a search on Google mostly gave me Tawian and Japanese car forums for Copen. This only English language one is the one from the UK but it quite outdated. Thanks to all for your kind responds. Hope I can meet up a few local Copen owners here in this fourm. Cheers!

https://www.asiaone.com/money/1679-sq-ft-penthouse-copen-grand-sold-2173m-record-new-launch-ecs 1,679 sq ft penthouse at Copen Grand sold for $2.173m, a record for new launch ECs Much has been said about Copen Grand – the first executive condominium in Tengah Town. Less than a week after its sales gallery opened on Oct 7, the 639-unit project saw around 20,700 visitors throng its showroom, 2,300 e-applications from prospective buyers and by the end of its first day of launch on Oct 22, about 465 units bought (a 73 per cent sell-through). All this comes despite prospective buyers facing tightened stress-test interest rates (EC buyers can only apply for bank housing loans) from the Sept 30 cooling measures. New launch EC buyers are also subject to restrictions like Mortgage Servicing Ratio (MSR), Total Debt Servicing Ratio (TDSR), 5-year MOP and eligibility conditions. In our showflat review, we shared the unit mix, where 56 of the 639 units are for its 5-bedroom Premium apartments – four of which are Penthouses. We also shared that the indicative per-square-foot price range for the project was around $1,189 to $1,338, where the price of a 5-bedroom Premium apartment can start from $1.88m and up. Record-breaking 5-bedroom penthouse unit at Copen Grand During the weekend launch on Oct 22, one of the 1,679-square-foot 5-bedroom Penthouses at Block 53 (Type D1-PH) was sold for $2.173m or $1,294 psf. The unit includes a strata void area of 15 square metres (161 sqft) above the living and dining area with a 4.5-metre floor-to-ceiling height. While that’s within the indicative psf price range, we should note that it is a record price for a new launch EC to date (for uncompleted projects). Since it is also within District 24, which is in the Tengah, Kranji and Lim Chu Kang area, it may be the current record-holder for the neighbourhood and District. Nearly all ECs resold in the past 15 years made a profit averaging $300k Despite the eligibility restrictions, it shouldn’t surprise anyone that ECs remain popular among first-time homebuyers and HDB upgraders. In a related article, we reported that 99.9 per cent of all EC units sold in the resale market between 2007 and end-August had yielded an average gross profit of $295,904 each. Most of these units were sold less than a decade after they were first bought. For example, the $3.29m resale EC at CityLife@Tampines was sold with a profit of $1.38m. The unit was first bought in 2013 for $1.91m and the buyer held onto it for 8.6 years. When CityLife@Tampines EC launched in December 2012, a 4,350-sqft penthouse was sold for $2.05m – a record for new launch ECs at the time. As a hybrid public and private housing form, ECs can only be resold to Singaporeans and PRs after the 5-year MOP and to foreigners once they become privatised after 10 years. The next upcoming EC will be Tenet at Tampines, which is expected to launch in November 2022.

"conversion rate of 20.3%" ... 80% still waiting to buy 😉 https://www.edgeprop.sg/property-news/copen-grand-achieves-73-sales-launch-day-making-it-best-selling-ec-project-2017 Copen Grand achieves 73% sales on launch day, making it the best-selling EC project since 2018 Copen Grand, the first executive condo (EC) in Tengah Town, Singapore’s first smart and sustainable precinct, saw a total of 465 out of a total of 639 units or 72.8% taken up on the first day of sales booking on Oct 22. The average launch price was $1,300 psf. Prices range from $1.08 million for a two-bedroom plus study to $1.48 million for a four-bedroom deluxe. Four-bedroom premium units were priced from $1.58 million, while five-bedroom premium units are upwards of $1.88 million. Unit sizes range from 807 sq ft for a two-bedroom plus study to 1,722 sq ft for a top-floor five-bedroom premium unit. Copen Grand’s first-day sales translate to a conversion rate of 20.3% based on the 2,300 e-applications received between Oct 7 to 17, in the lead-up to the launch.

https://www.edgeprop.sg/property-news/tenet-executive-condo-sold-723-units-launch-weekend Tenet executive condo sold 72.3% of units on launch weekend SINGAPORE (EDGEPROP) - The last major launch of 2022 ended on a high note, with executive condo (EC) Tenet selling 447 out of a total of 618 units (72.3%) on the first day of launch on Saturday, December 3. The joint venture partners behind Tenet are developers Qingjian Realty, Santarli Realty and Heeton Holdings. The strong take-up rate was achieved despite the launch being held in December when most people are travelling overseas after the pandemic, says Yen Chong, deputy general manager of Qingjian Realty, on behalf of the consortium. “It caps off another good year for the property market,” says Mark Yip, CEO of Huttons Asia. The average price achieved at Tenet is about $1,360 psf, a new high in the EC cohort. “Tenet can command a premium given its location in Tampines, a mature and hotly sought-after residential area,” says Ismail Gafoor, CEO of PropNex. “While it has set a new benchmark price for ECs, it’s still lower than the new 99-year, suburban condos launched at average prices of $2,100 psf this year.” Besides its location in a mature estate in the east, Tenet is within a five-minute walk of an upcoming government land sales (GLS) site zoned for a mixed-use development, including a future mall of about 14,000 sqm (150,696 sq ft). The development will be integrated with a transport hub - Tampines North MRT station on the Cross Island Line and the bus interchange. “The mall is about the size of White Sands mall and will be an added convenience for homebuyers, in addition to the specifications and provisions provided by the developer of Tenet,” says Ken Low, managing partner of SRI. In addition to its proximity to the future mixed-use development and integrated transport hub at Tampines North, Tenet is also situated in the vicinity of three major transformation areas: Changi Region, Paya Lebar Airbase and Punggol digital district, says Doris Ong, deputy CEO of ERA Singapore. “The proximity to the upcoming mixed-use development and growth areas presents buyers of Tenet with upside potential.” According to Qingjian Realty, while all the three-, four- and five-bedroom units were well-received, the most popular unit types among homebuyers were the four-bedroom types. Most of the buyers at Tenet are existing residents in Tampines as well as those from the surrounding neighbourhoods in the eastern region, such as Bedok and Pasir Ris, notes ERA’s Ong. “For many first-timers and HDB upgraders, it means being close to their parents or in-laws but enjoying the lifestyle and privacy of a private condo,” she says. “Buyers of EC projects have two distinct advantages - no need to pay the additional buyer’s stamp duty [ABSD] upfront and the option of the deferred payment scheme [DPS],” adds Huttons’ Yip. The availability of DPS is one of the main draws of ECs, “especially in a climate of high interest rates”, notes SRI’s Low. “We saw a much larger proportion of buyers opting for DPS at a 3% higher purchase price,” he says. The strong sales at Tenet follow that of Copen Grand, the 639-unit EC in the new Tengah Town in the west. Launched on Oct 22, Copen Grand saw 465 units (73%) sold at an average of about $1,300 psf. When sales bookings opened up for second-timers on Nov 26, the remaining 146 units at Cope Grand were snapped up, with the project entirely sold in just over a month. Second-time buyers or second-timers refer to homebuyers who have purchased a subsidised HDB flat or received CPF housing grants before and are buying another one, according to HDB. Under the prevailing EC regulations, only 30% of the units in a new EC project can be allocated to second-time buyers. At Tenet, second-time buyers who are interested in the project but were unable to pick up a unit during the launch period will have a chance to purchase a unit, with e-application to start from December 30 and sales booking scheduled for January 7, 2023, according to Qingjian Realty. “When sales booking opens for second-timers 30 days from now, I won’t be surprised if Tenet achieves close to or 100% take-up rate, like Copen Grand,” says PropNex’s Gafoor. While the economic outlook for 2023 is softer, “the current employment situation is strong, and Singapore residents saw real income growth for the second straight year despite high inflation,” says Huttons’ Yip. “These are key confidence boosters for homebuyers.” A likelihood of the US Federal Reserve taking its foot off the pedal on rate hikes could also have given more assurance to buyers to commit to the property purchase, according to PropNex research head Wong Siew Ying. The next EC project launch is the Bukit Batok West Avenue 8 project which could hit the market in mid-2023, says PropNex’s Wong. The 375-unit EC project is another joint venture between Qingjian Realty and Santarli Realty. With the diminishing balance inventory of new EC units, she expects the next project launch to “garner an enthusiastic response from HDB upgraders and owner-occupiers seeking an affordable entry-point into the private residential property market”.

Record after Record property prices ... Huat ah! https://www.99.co/singapore/insider/penthouse-copen-grand-ec-sold-s2-173m-record/ 1,679-sqft penthouse at Copen Grand sold for S$2.173m, a record for new launch ECs Record-breaking 5-bedroom penthouse unit at Copen Grand During the weekend launch on 22 October, one of the 1,679-square-foot 5-bedroom Penthouses at Block 53 (Type D1-PH) was sold for S$2.173m or S$1,294 psf. The unit includes a strata void area of 15 square metres (161 sqft) above the living and dining area with a 4.5-metre floor-to-ceiling height. While that’s within the indicative psf price range, we should note that it is a record price for a new launch EC to date (for uncompleted projects). Since it is also within District 24, which is in the Tengah, Kranji and Lim Chu Kang area, it may be the current record-holder for the neighbourhood and District.

Everywhere also - Sold Sold Sold! https://www.edgeprop.sg/property-news/copen-grand-fully-sold-remaining-units-snapped-second-time-buyers Copen Grand fully sold, with remaining units snapped up by second-time buyers

https://www.businesstimes.com.sg/real-estate/new-ura-guidelines-call-for-bigger-spaces-for-homes-in-non-landed-developments-in https://www.edgeprop.sg/property-news/ura-revises-guidelines-proportion-bigger-units-non-landed-residential-developments-central-area URA revises guideline on proportion of bigger units in non-landed residential developments in Central Area https://www.edgeprop.sg/property-news/copen-grand-ec-receives-2300-e-applications Copen Grand EC receives 2,300 e-applications https://sbr.com.sg/residential-property/news/chart-day-bigger-ecs-fetches-bigger-profits-when-resold Bigger ECs fetches bigger profits when resold https://www.businesstimes.com.sg/real-estate/luxury-condo-sales-hold-up-in-q3-even-as-top-end-gcb-market-softens Luxury condo sales hold up in Q3 even as top-end GCB market softens https://www.businesstimes.com.sg/real-estate/loyang-valley-condo-up-for-collective-sale-at-s980m Loyang Valley condo up for collective sale at S$980m https://www.99.co/singapore/insider/84-3-new-non-landed-homes-sold-above-s2000-psf-september-2022/ 84.3% of new non-landed homes sold above S$2,000 psf in September https://stackedhomes.com/editorial/are-loan-curbs-the-biggest-cooling-measure/

https://www.edgeprop.sg/property-news/little-relief-sight-tenants-residential-rents-poised-climb-unabated Little relief in sight for tenants with residential rents poised to climb unabated https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-sept-20-sept-27-done-deals Residential transactions with contracts dated Sept 20 to Sept 27 [DONE DEALS] https://www.edgeprop.sg/property-news/four-bedroom-duplex-one-robin-sale-65-mil Four-bedroom duplex at One Robin for sale at $6.5 mil https://www.edgeprop.sg/property-news/copen-grand-tenet-test-demand-ecs-after-cooling-measures Copen Grand, Tenet test demand for ECs after cooling measures https://sbr.com.sg/residential-property/news/chart-day-foreigners-bought-more-new-condos-resale-in-2022 Foreigners bought more new condos than resale in 2022 https://sbr.com.sg/residential-property/news/what-pushed-demand-hdb-resale-flats-in-september What pushed demand for HDB resale flats up in September? https://www.businesstimes.com.sg/real-estate/a-summary-of-singapores-property-cooling-measures-1996-to-present-day A summary of Singapore’s property cooling measures: 1996 to present day https://www.businesstimes.com.sg/brunch/the-pluses-and-pitfalls-of-99-year-terrace-houses The pluses and pitfalls of 99-year terrace houses https://www.businesstimes.com.sg/real-estate/simon-says-heres-why-i-bought-a-99-year-terrace-house Simon says: Here’s why I bought a 99-year terrace house https://www.99.co/singapore/insider/why-hdb-maisonettes-remain-popular-despite-cooling-measures/ The allure of HDB maisonettes and 3 reasons why they will remain popular despite cooling measures https://www.99.co/singapore/insider/pros-and-cons-of-buying-auction-properties/ Pros and cons of buying auction properties https://stackedhomes.com/editorial/we-own-an-executive-maisonette-and-a-condo-should-we-sell-our-em-to-buy-another-condo-or-sell-both-to-buy-a-landed/ https://sg.finance.yahoo.com/news/singapore-home-prices-wont-defy-gravity-for-long-022306554.html COMMENT: Singapore home prices won’t defy gravity for long https://sg.finance.yahoo.com/news/singapore-banks-mortgage-hikes-near-affordability-tipping-point-055129009.html Singapore banks’ mortgage hikes near affordability tipping point

@Mercs https://www.businesstimes.com.sg/real-estate/cdl-to-start-previews-for-copen-grand-ec-in-tengah-on-friday-with-prices-from-s108m CDL to start previews for Copen Grand EC in Tengah on Friday, with prices from S$1.08m Now even a brand new EC starting price also needs $1.08m for a 2 bedder?!!

ttps://www.businesstimes.com.sg/real-estate/cdl-to-start-previews-for-copen-grand-ec-in-tengah-on-friday-with-prices-from-s108m CDL to start previews for Copen Grand EC in Tengah on Friday, with prices from S$1.08m https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/public-housing-with-million-dollar-price-tags Public housing with million-dollar price tags https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/are-landed-homes-becoming-a-wealth-preservation-asset Are landed homes becoming a wealth preservation asset? https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/luxury-non-landed-private-residential-market-returns-to-a-world Luxury non-landed private residential market returns to a world without borders https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/singapore-residential-real-estate-its-more-than-timing-the Singapore residential real estate: It’s more than timing the market https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/no-signs-of-cooling-for-the-rental-market-in-2022 No signs of cooling for the rental market in 2022 https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/investment-potential-of-executive-condominiums Investment potential of executive condominiums https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/pricing-mass-market-homes-for-hdb-upgraders Pricing mass market homes for HDB upgraders https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/good-class-bungalows-attracting-young-and-wealthy-buyers Good Class Bungalows attracting young and wealthy buyers https://www.businesstimes.com.sg/real-estate/property-2022-oct-issue/staying-the-course Staying the course

Very very rare Copen GR Sport. With genuine BBS wheels from factory.

What about want to own a sport car called Copen? does it mean i have micropen1s?

https://www.edgeprop.sg/property-news/first-new-launch-2023-sceneca-residence-hits-60-sales-first-day First new launch of 2023, Sceneca Residence hits 60% sales on first day The 268-unit Sceneca Residence located at Tanah Merah Kechil Link, was officially launched yesterday (Jan 14), after a two-week preview that started on Jan 1. Balloting of units kicked off at 10.30 am on Jan 14, and by 5 pm, 160 units (about 60%) were sold at an average price of $2,072 psf. At the launch, the one- and two-bedroom units at Sceneca Residence were fully sold. With sizes from 463 to 883 sq ft, one- and two-bedroom types make up 120 units in the development. Hence, they accounted for 75% of the 160 units sold. Prices started from $958,000 for a one-bedroom unit and $1.33 million for a two-bedroom. There are only four penthouses in the development, with sizes of 2,400 to 2,756 sq ft. The largest penthouse of 2,756 sq ft unit was among the units sold on launch day. According to the developer, Singaporeans made up about 88.5% of the total number of homebuyers, with permanent residents and foreigners accounting for the remaining 11.5%. The fourth quarter of 2022 ended with two executive condo (EC) project launches, namely the 639-unit Copen Grand at Tengah Walk in the west, which is now fully sold and the 618-unit Tenet at Tampines in the east, which is 93.2% sold to date. Prior to that were the launch of the 165-unit SkyEden@Bedok and the 605-unit Lentor Modern in September. SkyEden@Bedok, located just one MRT stop from Sceneca Residence, was 75% sold on launch day, while Lentor Modern saw 84% sales. Both achieved average sale prices of just over $2,100 psf. Prior to that were the launch of the 165-unit SkyEden@Bedok and the 605-unit Lentor Modern in September. SkyEden@Bedok, located just one MRT stop from Sceneca Residence, was 75% sold on launch day, while Lentor Modern saw 84% sales. Both achieved average sale prices of just over $2,100 psf. Following Sceneca Residence’s launch, the next two projects that are likely to preview during the Chinese New Year period are the 386-unit The Botany at Dairy Farm and the 271-unit Terra Hill in Pasir Panjang. “There hasn’t been much new supply in the vicinity of these two projects,” Next door to The Botany at Dairy Farm is the 460-unit Dairy Farm Residences, launched in November 2019 and fully sold to date. Near the freehold Terra Hill is the 548-unit, 99-year leasehold Kent Ridge Hill Residences, which was launched in November 2018 and fully sold to date. “These two upcoming launches – The Botany at Dairy Farm and Terra Hill – should see good response as well,” “While there was some uncertainty on the market direction in 2023, the strong sales result at Sceneca Residence should dispel doubts about the strength of the market and set the tone for the upcoming launches in February and March,”

I have seen better version of this Aston Martin Copen, which make me have the urge to get one for myself. The biggest winner is Toyota since both the Aston Martin were based on their Copen and iQ. Make a wild guess, Copen or iQ has better spec in the following: Dimensions (Length) 0 - 100 Km/h Timing Top Speed And the answer is ... Copen! Length: 3,395mm (2,985mm for iQ) 0 - 100 Km/h Timing: 11.7 sec for 659cc version (11.8 sec for iQ 1.3L, ) Top Speed: 170Km/h for 659cc version (171Km/ for iQ 1.3L)

4/6 in 2.20...copen...mitsuoka...cum to mind 😁

There are quite a few actually. Googled "turquoise cars in Singapore" and this is one of the image that came up. Others are Bentley, Suzuki Vitara (exactly like this with white roof) Daihatsu Copen. Just sharing for fun. Sorry for OT. 😅

New Copen is here! its at Turf city. http://www.sgcarmart.com/new_cars/newcars_photos.php?CarCode=11618

Got come with free Daihatsu Copen?

Tengah Garden upcoming EC will be named COPEN GRAND... seems like showflat is building now around the lakeside MRT!!