CDL and MCL Land have submitted the Tender Bid for Copen Grand EC. Located near the existing Shuqun Primary School and Princess Elizabeth Primary School, the site is suitable for both elementary and secondary education. The site has amenities including a sports complex, a community club, and a polyclinic. The site plan and elevation map of Copen Grand EC are included in the document. A balance unit chart has also been drawn up for the project.
MCL Land and CDL are planning to build a total of 620 EC units on the Tengah Estate. The new development is set to be built on an upcoming 99-year leasehold site near three MRT stations on the Jurong Region Line. The ECs will have impressive transportation connectivity, with many of the units located near schools, parks, and recreational areas.
The top bid is based on a per plot ratio of $1,129 square feet, a price that is higher than analysts’ estimates. This is higher than the top bid for a site in the nearby GLS neighbourhood, which was awarded at a psf ppr of $1,001 in 2017. The developer also intends to maintain a healthy land inventory level in the vicinity.
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