Kopar at Newton is a new condominium located at Newton, near the famous Newton Circus roundabout and just 3 mins walk from Newton MRT.
The condominium is expected to be very competitively priced because the developer is aware of the soft property market and wants to clear as much of the units as possible.
First mover advantages for those who can make the move and lock in lower prices before the developer raises them in future phases.
Kopar at Newton is located in District 9, along Kampong Java Road in the Bukit Timah / Newton vicinity.
The condominium is developed by Chip Eng Seng (CEL) on a site area of 11,643 sqm with a total of 378 units.
The development is located in a well established residential enclave and minutes walk to Newton MRT interchange.
Reputable schools within 1 km include ACS (Junior), ACS (Primary), SJI, and Etonhouse Pre School (Newton).
Food lovers will be glad to know that Newton food centre is also nearby, and can satisfy the supper cravings of those who get hungry late at night.
Kopar at Newton is also located near Novena Medical Hub, which should present numerous rental opportunities for those who are buying for investment.
Ion Orchard at Orchard MRT station is only 1 station away! You’re living at the doorstep of the city/ shopping belt.
Here’s the map of Kopar at Newton to get you oriented to its location.
Details of Kopar at Newton
|Developer||Chip Eng Seng|
|Land size||125,000 sqft|
|Total units||2 towers of 3 storeys and 378 units|
|Amenities||Gym, function room, bbq pits, children’s play area, lawn area, underground parking, exercise area, lap pool, feature and hydrotherapy pools|
|Pricing||To be announced|
Chip Eng Seng paid a low prices of $1,192 psf ppr and won the land, giving it substantial leeway to price the project at a competitive rate.
This translates into potentially lower selling prices than other new condominiums that have been launched in the recent past, and presents a particularly compelling deal for buyers.
Newton Food Centre
Tan Tock Seng Hospital
United Square Mall
St Joseph’s Institution
Comparison with surrounding market
Based on Propertyguru’s asking rental rates for condominiums in the area, we can triangulate to the potential rents that Kopar at Newton could command.
The asking rents for projects in Propertyguru near Newton MRT station are:
1 BR: 2500 to 5000
2 BR: 4200 to 9000
3 BR: 6000 to 13000
Given the central location of Newton MRT, it is no surprise that rents in the area, and possibly for Kopar at Newton are far higher than other parts of the island.
Over the last 5 years, most projects in District 9 have had capital gains between 7 to 27%.
The highest is for The Imperial (27%), followed by Cavenagh Court (21.6%) and La Crystal (18.1%).
There were a few projects that had negative returns, but the number of projects that had gains outnumbered those with negative returns by 30 to 9.
This suggests that returns in the district, especially for projects that are in favourable locations (near MRT, near good schools), have potential to perform positively, and very well.
Rental yields based on transactions in the last 6 months in district 9 condominiums came in between 3 to 4%.
This is slightly higher than the islandwide average of approximately 3 to 3.5%.
Rental transaction volume and values have been healthy at 3 nearby projects – Soleil @ Sinaran, Trilight and Orchard Scotts.
For larger scale projects, rents tend to be more attractive to landlords because of demand by renters for amenities such as swimming pools, gym, ample car parking space and a community to bond with.
About Chip Eng Seng
Chip Eng Seng Corporation Ltd (CES) is a construction and property group listed on the mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST).
The Group’s construction business is undertaken by Chip Eng Seng Contractors (1988) Pte Ltd (CESC) and CES Engineering & Construction Pte. Ltd. while CEL Development Pte. Ltd. (CEL) is its property investment and development arm.
The history of Chip Eng Seng Group goes all the way back to the 1960s, when its founder, Mr Lim Tiam Seng started the business as a building subcontractor for conventional landed properties.
With competitive pricing and quality work, the business grew and the company began taking on the role of a main contractor. In 1982, the company won its first Singapore Housing and Development Board (HDB) project as a main contractor.
With that, the company continued to establish its position in HDB public housing construction.
In the 1990s, the Group diversified into property investment and development of residential, commercial and industrial properties.
Today, Chip Eng Seng is one of Singapore’s leading construction and property group with businesses spanning across construction, property development and property investment. CES has won the “Most Transparent Company – Construction Category”, of the Investors’ Choice Awards organized by the Securities Investors Association (Singapore) (SIAS) over the past few years.
These awards attest to our commitment to corporate transparency.
Some of Chip Eng Seng’s projects have included Riviera Residences, Pinnacle at Duxton, City Vista Residences, Prive @ Punggol, Belysa at Pasir Ris and Fulcrum at Fort Road among many others.
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