Kopar At Newton comprises of two towers of 23 storeys each with apartments ranging from one to five bedrooms complete with penthouses forming up a total of 378 units. The average price for this project is $2,350 per square foot (psf) as highlighted by Michael Ng; executive director of CEL.
A fully owned subsidiary of Chip Eng Seng Corporation, CEL Development sold 77 apartments over the weekend during its launch. That is about 20% of the total available apartments. Transacted unit prices start from $1.098 million for a few one bedder units and the highest being $7.88 million for a 3,305 sq ft penthouse. Most of the buyers were Singapore citizens with some permanent residents and a few foreigners based in Singapore forming up the rest of the buyers.
This is the first property launch in Singapore just before the Circuit Breaker guideline. Employing proptech firm Showsuites proprietary digital booking platform, buyers can avoid the queues as they can sign the pre sale documents in the comfort of their homes. They can even opt to pay the 5 percent booking fee via online banking instead of using cheques.
Other CEL project launches include Park Colonial and Parc Komo.