Parc Komo Developer
Parc Komo is a freehold mixed - development located at the junction of Upper Changi Road North and Jalan Mariam Road in District 17. The development sits on a plot size of approximately 18,754.90 sqm with a plot ratio of 1.4. From the condo, just only few minutes to connect all amenities surrounding as shopping malls, food center, educational institutions, transportation system are very convenient.
Parc Komo by CEL has been sold off for S$248.8 millions. The tenders had closed some time back for the same. The selling price of the Changi were expected to be S$196 million. The Chip Eng Seng Corporation has taken over the Changi and it has resulted in increase of the per square foot cost. The reason for bidding above the asking price was because the developers have faith that the prices will increase in the future and it would get them more profit.
About CEL Development Pte. Ltd. (CEL)
CEL Development Pte. Ltd. (CEL) is a wholly-owned subsidiary of Chip Eng Seng Corporation Ltd, a public listed company in Singapore since 1999.
Spearheading the Group’s portfolio in property development, CEL has over the years established itself as one of the industry’s fastest rising names. With development projects in Singapore, Australia and Vietnam, CEL has established impressive growth in recent years.
Being a dynamic organisation, we’ve built our success on the foundations of solid ethical practices and quality standards supported by our vast expertise in the areas of construction, property development and property investment. With a strong synthesis of youth and experience in our ranks, we are able to leverage on these expertise as a Group to continually push benchmarks in construction and quality, much akin to our corporate vision.
CEL’s vision: “To be a leading multi-discipline property development company of choice, one that is synonymous with creating quality homes with outstanding build quality and investment value, thereby creating sustainable value to its shareholders and customers and being a socially responsible corporate organisation.” And with our valued standard practices and dynamic approach, we aim to scale higher heights in the coming years and strive to deliver our promise of quality homes for today and tomorrow.
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