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View Full Version : GuocoLand’s Midtown Modern has a strong start: DBS



Arcachon
22-03-21, 21:00
https://www.theedgesingapore.com/capital/brokers-calls/guocoland%E2%80%99s-midtown-modern-has-strong-start-dbs?fbclid=IwAR1maiWh7TGonIRUIo4xhCgOH5DUNYu1rNPnoJI3P2O2NbbLCsiUrrf6Ygo

DBS is estimating a gross margin of up around 12% - 17% for the project, which the team views as “very decent” given the current climate. Total project costs are estimated close to $1.15 billion, implying a break-even of around $2,300 – $2,350 per square foot.