yap...comparing the two:
"There is also one new entrant to the scene, Faber Garden, a 544,738 sq ft freehold site sitting along Upper Thomson Road.There is also one new entrant to the scene, Faber Garden, a 544,738 sq ft freehold site sitting along Upper Thomson Road.
Faber Garden's marketing agent Jones Lang Lasalle (JLL) said that the property comes with a $830 million price tag. Based on the maximum gross floor ratio of 1.6 and adding a development charge of about $31.2 million, Faber Garden will cost $988 per square foot per plot ratio (psf ppr).
Zoned for residential use, the site currently comprises five blocks made up of 233 homes and three shop units. If redeveloped, the potential gross floor area of 958,748 sq ft, which includes the bonus 10 per cent balcony space and is subject to approval from the authorities, could yield 760 apartment units with an average size of 1,200 sq ft. The building height is subject to evaluation, said JLL."
"Thomson View Condominium has been put up for sale with an indicative asking price of between S$595 million and S$635 million, said its marketing agent HSR Investment Sales.
That translates to about S$694 to S$732 per square foot of potential gross floor area for the residential site located along Upper Thomson Road in District 20.
This includes an upgrading premium of about S$130 million to top up the 99-year lease and a differential premium of about S$158 million, said HSR.
The 540,314 square-foot site has a possible net saleable gross floor area of 1.272 million square feet.
Thomson View Condominium has been zoned for residential use with a gross plot ratio of 2.1 with a maximum height of up to 24 storeys.
HSR said a future development can yield about 1,012 units of apartments averaging 1,100 sq ft per unit and 33 strata landed houses averaging 2,500 sq ft.
A brand new development is expected to fetch a minimum of S$1,350 per square foot (psf) to S$1,600 psf."
which is better
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Originally Posted by Alan Shearer
