Parc Botannia Condo – Land Price By Wee Hur & Sing Holdings
|Location||Allowable Development||Site Area||Maximum Gross Floor Area||Successful Tenderer||Tendered Price|
($PSM or GFA)
|Fernvale Road||Residential||17,195.9 m2||51,588 m2||Sing Development (Private) Limited and Wee Hur Development Pte. Ltd.||$287,100,000|
PARC BOTANNIA CONDO PRICE – DEVELOPERS BID
|RANKING||NAME OF TENDERER||TENDERED SALE PRICE ($)||TENDERED SALE PRICE IN $PSM OF GFA|
|1||Sing Development (Private) Limited and Wee Hur Development Pte. Ltd.||287,100,000.00||5,565.25|
|2||China Construction (South Pacific) Development Co. Pte. Ltd.||287,086,600.94||5,564.99|
|3||Allgreen Properties Limited||286,900,000.00||5,561.37|
|4||MCL Land (Regency) Pte. Ltd.||280,427,000.00||5,435.90|
|5||Treasure View Pte Ltd||271,260,000.00||5,258.20|
|6||Episcia Land Pte. Ltd. and Koh Brothers- Logan Pte. Ltd.||265,009,000.00||5,137.03|
|7||Qingjian Realty (Residential) Pte Ltd.||261,780,000.00||5,074.44|
|8||Intrepid Investments Pte. Ltd., Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.||258,444,550.00||5,009.78|
|9||Greatview Investment Pte Ltd||253,780,000.00||4,919.36|
|10||Sim Lian Land Pte Ltd||251,000,000.00||4,865.47|
|11||Singhaiyi Investments Pte. Ltd. and Haiyi Wealth Pte. Ltd.||238,238,238.00||4,618.09|
|12||CEL Development Pte. Ltd. and Unique Residence Pte. Ltd.||235,391,000.00||4,562.90|
|13||Nanshan Group Singapore Co. Pte. Ltd.||233,221,801.00||4,520.85|
|14||Kingsford Property Development Pte Ltd||223,230,000.00||4,327.17|
PARC BOTANNIA CONDO PRICE – NEARBY CONDOS PRICE
|CONDOS AROUND DISTRICT 28||AVERAGE PSF FOR THE PAST 6 MONTHS TRANSACTED|
|High Park Residences||S$992.1|
|Riverbank @ Fernvale||S$1,042.5|
PARC BOTANNIA PRICE – ESTIMATED LAUNCH AND GUIDE PRICE
Based on the portal article, the estimated launch price might be:
|Expenses and profit margin||$260|
|Estimated launch price||$1,127|
Based on the nearby condos recent transactions, launches and nearby executive condos around Fernvale, Sengkang Area, it is estimated that the Parc Botannia launch price MIGHT be approximately over S$1000 to S$1150 psf. Take extreme note that this is NOT NOT NOT the final selling price as Wee Hur and Sing Holdings will do their comparative market analysis and price the launch accordingly.
This figure above is just an estimate based on the current market, which is characterized by low-prices and a volatile environment. If land prices increase, developers may adjust prices accordingly to increase their profit margins. In the same vein, if prices drop, then developers will lower their prices to stay competitive and increase the likelihood of selling their units.
In addition, the cost of construction can vary. The $350 psf is an approximation, but other developments, such as luxury condos, can run as high as $450 per square feet. Other high-end properties can have even higher price per square foot prices.
Can a lower launch price get a better value?
Some clients get scared off by lower launch prices, but a lower price does not always mean lower quality, just as high prices don’t always go hand in hand with better quality. A decision to buy or invest should not be based solely on price, because the price is not an indication of the property value.
Some people worry that a lower launch price is a sign that perhaps the developer may be using cheap materials. This is not the case. Instead, the price for launch is determined by a projection of the developer’s budget. But various factors can change the limitations of the budget, which can also change the launch price later down the line.
To make an informed decision, it’s good to consider several factors. These include the launch price, but also the track records and past projects of the developers, contractor, and designer or architect. These will give you a good idea of the final project and its worth.
Will Wee Hur and Sing Holdings deliver a good value?
- Both developers are locally branded and have constructed many projects for the past decades.
- Wee Hur – good development like Parc Centros, Urban Residences, Harvest @ Woodlands, Villas @ Gilstead.
- Sing Holdings – great developments include Waterwoods EC, Robin Residences, Meyer Residence, The Laurels, BelleRive and Biztech Centre
- Don’t listen to what we have said, see the unbiased reviews (below) on one of Sing Holdings project, The Laurels.
To avoid buying at a premium while enjoying the preview discount for the best purchase price, start by registering for the VVIP preview today
PARC BOTANNIA PRICE – SELLING PRICE
- As of Aug 2017, Wee Hur + Sing Holdings has not released any indicative pricing for Parc Botania Condo. Please register early to keep yourself informed of the latest price when ready.
- Parc Botania Condo target price list will be released around October 2017
- To enjoy official direct developer price and pay zero commission, it is recommended to register for VVIP preview.