Parc Botannia Condo – Land Price By Wee Hur & Sing Holdings

LocationAllowable DevelopmentSite AreaMaximum Gross Floor AreaSuccessful TendererTendered Price
($PSM or GFA)
Fernvale RoadResidential17,195.9 m251,588 m2Sing Development (Private) Limited and Wee Hur Development Pte. Ltd.$287,100,000
($5,565.25)
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PARC BOTANNIA CONDO PRICE – DEVELOPERS BID

RANKINGNAME OF TENDERERTENDERED SALE PRICE ($)TENDERED SALE PRICE IN $PSM OF GFA
1Sing Development (Private) Limited and Wee Hur Development Pte. Ltd.287,100,000.005,565.25
2China Construction (South Pacific) Development Co. Pte. Ltd.287,086,600.945,564.99
3Allgreen Properties Limited286,900,000.005,561.37
4MCL Land (Regency) Pte. Ltd.280,427,000.005,435.90
5Treasure View Pte Ltd271,260,000.005,258.20
6Episcia Land Pte. Ltd. and Koh Brothers- Logan Pte. Ltd.265,009,000.005,137.03
7Qingjian Realty (Residential) Pte Ltd.261,780,000.005,074.44
8Intrepid Investments Pte. Ltd., Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.258,444,550.005,009.78
9Greatview Investment Pte Ltd253,780,000.004,919.36
10Sim Lian Land Pte Ltd251,000,000.004,865.47
11Singhaiyi Investments Pte. Ltd. and Haiyi Wealth Pte. Ltd.238,238,238.004,618.09
12CEL Development Pte. Ltd. and Unique Residence Pte. Ltd.235,391,000.004,562.90
13Nanshan Group Singapore Co. Pte. Ltd.233,221,801.004,520.85
14Kingsford Property Development Pte Ltd223,230,000.004,327.17
Tender Results of Parc Botannia Condo

PARC BOTANNIA CONDO PRICE – NEARBY CONDOS PRICE

CONDOS AROUND DISTRICT 28AVERAGE PSF FOR THE PAST 6 MONTHS TRANSACTED
High Park Residences
S$992.1
Riverbank @ FernvaleS$1,042.5
Rivertrees Residences
S$1,046.4
H2O ResidencesS$1,019.3
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PARC BOTANNIA PRICE – ESTIMATED LAUNCH AND GUIDE PRICE

Based on the portal article, the estimated launch price might be:

Parc Botannia $psf
Land cost $517
Construction cost $350
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.