Copen Grand

2022 - 10 - 6

Post cover — Image courtesy of "The Business Times"

CDL to start previews for Copen Grand EC in Tengah on Friday, with ... (The Business Times)

City Developments Ltd (CDL) and MCL Land will open applications for their Copen Grand executive condominium (EC) project in the upcoming Tengah area on ...

Billionaire Kwek Leng Beng's CDL To Launch Suburban Condo ... (Forbes)

City Developments Ltd. (CDL)—controlled by billionaire Kwek Leng Beng—is proceeding to launch a suburban residential condominium project in the western part ...

The company plans to build 10 blocks of 12- to 13-story apartment buildings with a total of 510 residential units on the property. “Copen Grand is thoughtfully designed as a smart and resource-efficient project,” Sherman Kwek, CEO of CDL, said in a statement. In May, the duo sold 77% of “With the limited supply of new ECs coming on stream, it is the right time to launch.” The government has been trying to rein in skyrocketing property prices in Singapore, which has defied a global real estate downturn as foreign buyers snap up luxury apartments in the city-state seen as a safe haven by investors. Copen Grand will be the first EC to rise in the upcoming western Singapore town of Tengah, which means eligible buyers can get a housing grant of up to S$30,000 ($21,000) from the government.

CDL to start previews for Copen Grand EC in Tengah on Friday, with ... (The Straits Times)

It will be the first residential project to be launched after tighter limits on housing loans came into effect. Read more at straitstimes.com.

In a press release issued on Thursday, CDL group CEO Sherman Kwek said: "Copen Grand is thoughtfully designed as a smart and resource-efficient project. Units on offer at the Tengah Town development range from 807 square feet (sq ft) for a two-bedroom plus study to 1,722 sq ft for a top-floor five-bedroom premium unit. The opening of e-applications for Copen Grand comes just after the latest set of property cooling measures announced by the Government on Sept 29 to ensure prudent borrowing and moderate demand amid a rising interest rate environment. Copen Grand is the first EC to be built in the Tengah Town area, The Copen Grand EC will be the first residential project to be launched in the wake of CDL also pointed to the limited supply of new ECs coming onstream, saying "it is the right time to launch".

Copen Grand, Tenet test demand for ECs after cooling measures (EdgeProp.sg)

A week after the government rolled out property cooling measures to keep public housing prices affordable on Sept 30, at least two residential project ...

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Applications for CDL's Copen Grand open Oct. 7 (Singapore Business Review)

City Developments Limited (CDL) and MCL Land will open the sale gallery for Copen Grand starting 7 October.