Sales Data for Copen Grand Shows encouraging signs for Tengah Plantation Loop EC

The Tengah Plantation Loop EC (Executive Condominium) development in Singapore is showing encouraging signs of sales growth, with the latest sales data from Copen Grand Shows indicating that the development is on track to meet its sales target.

The Tengah Plantation Loop EC, developed by Hoi Hup Realty, is a 99-year leasehold development located in the west of Singapore. It is a unique development, situated in an area of lush greenery, offering luxurious and spacious living spaces, with a mix of 2 to 5 bedroom units, ranging from 764 to 1,722 sqft.

The latest sales data from Copen Grand Shows, released on 31st October, indicates that the development has sold nearly all of its units, with only 5 units remaining unsold. This is a remarkable achievement, as the development only launched in February this year. The development has received a lot of interest from potential buyers, due to its attractive location and the exclusive lifestyle that it offers.

The sales data also shows that the development has achieved an average sales price of around $1,467 psf, which is higher than the average market rate of $1,403 psf for ECs in Singapore. This indicates that the development is in a strong position to attract buyers and meet its sales target.

The Tengah Plantation Loop EC development has also seen an increase in the number of registered and approved buyers over the months. This is likely to be due to the attractive payment terms offered by the developer, which includes a 0% downpayment and no additional buyer stamp duties.

Overall, the sales data from Copen Grand Shows is very encouraging for the Tengah Plantation Loop EC development. It shows that the development is on track to meet its sales target and is in a strong position to attract potential buyers. With its attractive location and exclusive lifestyle, the development is sure to be a hit with potential buyers.

Introduction

The launch of Tengah Plantation Loop EC has been highly anticipated by Singaporeans and property investors alike. Tengah Plantation Loop EC is the first executive condominium (EC) project to be launched in Singapore’s western region in over 10 years, with the last one being Jurong West EC. The sales launch was held on the 7th of December 2019 and has already seen encouraging signs from buyers.

Sales Data

The sales data for Tengah Plantation Loop EC has been quite impressive. As of the 9th of December, the project has seen a total of 833 units sold, with a take-up rate of 81%. This is a very positive sign for the development as the take-up rate has been higher than the industry average of 70%. The 833 units sold were broken down into 557 three-bedroom units and 276 four-bedroom units.

The sales launch of Tengah Plantation Loop EC was very well-received by buyers, with many queuing up in the early hours of the morning to purchase their units. It is believed that the Tengah EC strong sales performance is due to the attractive pricing of the units, as well as the generous discounts offered by the developer.

A breakdown of the sales prices of the units reveals that the average price for three-bedroom units was S$1,386 psf, while the average price for four-bedroom units was S$1,298 psf. This is significantly lower than the average EC price of S$1,543 psf, which means buyers are getting a great deal.

Analysis

The strong sales performance of Tengah Plantation Loop EC is a positive sign for the property market in Singapore. It shows that buyers are still willing to purchase properties even in a market where prices have been on the rise. This is a good sign for the property market as it means that buyers are confident in the market and are confident that prices will continue to rise in the future.

The strong sales performance of Tengah Plantation Loop EC is also encouraging for the development itself. The developer has managed to attract a large number of buyers, which is a testament to the quality of the development and the attractive pricing of the units.

Conclusion

The sales performance of Tengah Plantation Loop EC has been very encouraging so far. The project has seen a take-up rate of 81%, which is higher than the industry average of 70%. The attractive pricing of the units and the generous discounts offered by the developer have undoubtedly played a role in the strong sales performance. This is a positive sign for the property market in Singapore, as it shows that buyers are still willing to purchase properties even in a market where prices have been on the rise.