D15 Siglap Residences

[sgpropertyasia99]

Siglap Residences (http://www.sgpropertyasia.com/property/siglap-residences) will be the next latest Private Housing at Siglap road, to be develop by Fraser Centrepoint. The Land was bought at the price of $624.18 million, which was translated to $858.02 per sqft per plot ratio. The 99-year Leasehold site has a land size of 207,847 sqft and a plot ratio of 3.5, giving it a maximum permissible gross floor area of 727,467sqf that can yield an estimated 750 housing units.

Siglap Residences will offer the residents views of the sea and East Coast Park. Furthermore there is almost no new private condo development in the vicinity therefore the project at this site will not have to face keen competition. Estimated breakeven for the development is about S$1,370 per sqf to S$1,480 per sqf, with selling prices around S$1,650 per sqf.

http://forums.condosingapore.com/attachment.php?attachmentid=10488&stc=1&d=1478166508

www.sgpropertyasia.com

[Wimsey]

Besides Siglap Residences, the other new condo launching in the east early next year, is likely to be Grandeur Park Residences (http://www.thegrandeurparkresidences.com) by CEL. It's a pretty good location actually, convenient, just beside Tanah Merah MRT station. CEL won the URA tender for the land at around $761 PSF per plot ratio, so assuming construction costs & overheads & financing of roughly $450 PSF, break-even could be around $12xx PSF. So guessing Grandeur Park price (http://www.thegrandeurparkresidences.com) could be around $1,3xx to $1,5xx PSF. Chances are, the highest prices will apply to those units facing south, towards the landed housing estate, and the cheapest units would likely be those next to the MRT track.

[yongyong85]

Besides Siglap Residences, the other new condo launching in the east early next year, is likely to be Grandeur Park Residences (http://www.thegrandeurparkresidences.com) by CEL. It's a pretty good location actually, convenient, just beside Tanah Merah MRT station. CEL won the URA tender for the land at around $761 PSF per plot ratio, so assuming construction costs & overheads & financing of roughly $450 PSF, break-even could be around $12xx PSF. So guessing Grandeur Park price (http://www.thegrandeurparkresidences.com) could be around $1,3xx to $1,5xx PSF. Chances are, the highest prices will apply to those units facing south, towards the landed housing estate, and the cheapest units would likely be those next to the MRT track.

Yes, I agree with you on Grandeur Park Residences (http://www.propertyhunt.sg/grandeur-park-residences/)'s estimated pricing.