Taurus Properties Wins First Executive Condominium in Tengah

Executive condominiums are becoming a popular form of residential property, and Tengah is no exception. According to Sherman Kwek, chief executive of CDL group, there is a high demand for executive condos in the area. The EC is expected to attract a broad range of residents, from young professionals to retirees.

Taurus Properties SG Won Tengah EC Tender

 Taurus Properties SG has won the tender for the first executive condominium (EC) in Tengah. This development is a joint venture with MCL Land and will consist of 620 residential units across 12 blocks of up to 14 storeys. It will also contain amenities such as a sports centre, a polyclinic, and a bus interchange. The development is close to schools, such as Shuqun Primary School, and Princess Elizabeth Primary School.

Taurus Properties won the tender by being the best bidder in the bidding process. It has a 99-year lease on the land and a 99-year lease on the development. Its bid was 0.03% higher than the next-placed bidder. The project is the second collaboration between Taurus Properties and MCL Land. The first collaboration was Piccadilly The Grand, which was finished on 7 July 2022. The building sold out seven percent of its units in the week before its opening ceremony.

Tengah EC is called Copen Grand by City Developments Limited

Tengah is one of the most sought after locations in Singapore, and Taurus Properties has been successful in securing a prime site to develop an executive condominium (EC) in the area. The development will feature 615 exclusive units, ranging from cozy one-bedroom units to expansive five-bedroom flats. The developer, a joint venture between City Developments Limited and MCL Land, is also targeting a minimum selling price of SGD 400.3 million for the development.

The Tengah area is surrounded by lush greenery and a vibrant timber industry. It also boasts the headquarters of Singapore Real Estate Management Corporation, a government-sponsored body that focuses on eco-friendly development. The location is also close to many new developments, making it a desirable option for first-time buyers. However, it is important to note that ECs are subject to the regulations of the HDB, and therefore buyers will have to stay within the development for at least five years.

Taurus Properties SG has won the tender to develop the first executive condominium in Tengah. The developer will pay a total of $400,318,000 for the site, which is a 99-year leasehold property. This represents a price of $603 per square foot per plot ratio, making it the highest price ever paid for an executive land parcel.

The new development will be built in the heart of Tengah town centre, near public transport. It is one of the most sustainable developments in Singapore and is surrounded by large, dedicated green spaces. It will also enjoy excellent transport connectivity, thanks to the proximity of the Jurong Region Line.

Taurus Properties Joint Venture Between City Developments Limtied and MCL Land

Taurus Properties is a joint venture company that comprises fifty-fifty members of City Developments Limited and MCL Land. Its latest project will feature 620 residential units across 12 blocks with a maximum of fourteen stories. The site also features proposed future developments such as a sports centre, bus interchange, and polyclinic. There are also twelve plots zoned for educational institutions. These projects will offer a mix of traditional and modern lifestyles.

Taurus Properties is the first developer to win the tender for the executive condominium site in Tengah. They have a 99-year lease on the land and offered a price of $400,318,000. This is a record-breaking price for an EC plot ratio. The site will also have large green spaces. The company is also planning to improve the area for its residents with additional amenities such as a sports center, polyclinic, community club, and bus interchange. They are also planning to build 12 plots for educational institutions.

The development site of Tengah EC will be spread across a 2.2 hectare area and is set to have 615 exclusive units ranging from cozy one-bedroom units to luxurious five-bedroom flats. The project, which is a joint venture between MCL Land and City Developments Limited, has been earmarked for a minimum selling price of SGD 400.3 million. It will be built in a green and eco-friendly manner, earning it the BCA Green Mark Gold Plus certification.

A recent EC project, Arc at Tampines, is a good example of this. It has 574 units ranging from studios to penthouses, and analysts expect it to sell well. This project is designed to appeal to first-time buyers and those who are upgrading from an HDB flat. Its grand arches and basketball court are aesthetically pleasing, making it an Instagram-worthy subject.