Luxurious Living by reputable developer at Lumina Grand
Developed by a wholly-owned subsidiary of City Developments Limited (CDL): CDL Zenith Pte Ltd, Lumina Grand EC, a 512 units development, promises quality craftsmanship and luxurious finishes. This exceptional development is strategically located in close proximity to the upcoming Tengah New Town, providing future retail, dining, and leisure amenities right at your doorstep.
Promising Investment Opportunity
With its prime location next to the new Tengah Town, which is the up-and-coming HDB town, Lumina Grand EC is the latest EC launch, after the fully sold out Copen Grand EC, offers excellent potential for capital appreciation, making it an attractive investment opportunity. Additionally, its convenient location ensures an easy exit strategy for future resale.
Note: The 639-unit Copen Grand EC, in Tengah Town was developed by City Developments Limited (CDL) in partnership with MCL Land. It was fully sold out just one month after its launch. During the initial launch on 22 October 2022, 73% of the units or 465 units were sold. It opened for e-application for second-time buyers on 26 November 2022, and all the remaining 146 units were snapped up before 1 pm on the same day.
This made Copen Grand the best-selling EC project in 2022, and the first EC to sell out during the second balloting round for second-time buyers.
The strong sales at Copen Grand, the first EC in Tengah Town, were driven by its attractive pricing compared to new private condos, proximity to three upcoming MRT stations, and the future Tengah Integrated Transport Hub and Jurong innovation hubs.
Its Green Mark Platinum Super Low Energy certification and smart home features also appealed to buyers.
And you know what? You will be pleased to know that Lumina Grand EC is also by developer CDL and possesses Green Mark Platinum Super Low Energy certification and smart home features!
Location Map of Lumina Grand EC.
Excellent Connectivity
Lumina Grand EC boasts excellent connectivity via major expressways like the Pan-Island Expressway (PIE).
Furthermore, it is just minutes away from the Bukit Gombak MRT station and the future Tengah Park MRT station, which is part of the upcoming Jurong Region Line (JRL) ensuring seamless transportation options.
The above is the Jurong Region Line (JRL), which will be serving Tengah New Town and the residents of Lumina Grand. Lumina Grand is 5 minutes to Bukit Gombak MRT & future Tengah Park MRT.
There will be 24 MRT stations, including 3 interchange station: Boon Lay, Choa Chu Kang and Jurong East.
The Jurong Region Line, is expected to open in phases from 2027 to 2029, which will significantly improve the connectivity in the western part of Singapore.
Comprehensive Amenities
Residents of Lumina Grand EC can enjoy a wide range of facilities and amenities comparable to private condominiums, including beautifully landscaped gardens and recreational offerings.
The development also offers a deferred payment scheme and a special bridging loan option (for existing HDB flat owners) for easier hassle-free financing.
Proximity to Educational Institutions
This development is within 1 km to schools:
Dazhong Primary School
St Anthony's Primary School
Upcoming Anglo-Chinese School (Primary) which is expected to commence operation in 2030.
Source: CNA
Currently, there are only 9 Gifted Education Programme (GEP) schools in Singapore.
Anglo-Chinese School (Primary),
Raffles’ Girls Primary School,
Rosyth School,
Nanyang Primary School,
Tao Nan School,
Henry Park Primary School,
Catholic High School (Primary),
St Hilda’s Primary School and
Nan Hua Primary School.
Future impact on property prices in Tengah
According to Today Online article:
Property analysts said that moving ACS (Primary) to Tengah will likely push up home prices in the new town up by up to 15 per cent, although the impact will not be felt immediately since the area is still under development.
Ms Sun estimated that the move will bump up the prices of homes within 2km of the school. Prices of homes within 1km could go up by 10 to 15 per cent higher than the district average price.
She said that past studies by her company had found that resale prices of homes near popular schools tend to rise faster than others in the district, with those located near such schools drawing a premium of up to 15 per cent.
“I think future Tengah Build-to-Order (BTO) applications may rise especially if the flats are within 1km to 2km from the school," she added.
“Those who bought in earlier phases will also enjoy the first mover advantage of drawing rental interest since their BTO flats will be completed first.”
Ms Wong of PropNex said that ACS (Primary)’s relocation will draw more young couples and families to Tengah estate.
For more information on Tengah New town, please visit: https://www.forthegoodproperty.com/post/tengah-new-town
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