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Originally Posted by
Writ
Haha, lol. I estimated from this articles posted in propertyguru on july 13 2010.
BBR Holdings intends to buy a parcel of freehold land for S$86 million at Simon Lane, located close to Serangoon Gardens.
The mainboard-listed company said it plans to develop a low-rise condominium project on the site, which currently houses Goodrich Park Condominium.
Under the URA 2008 Master Plan, the site, which measures more than 9,000 sq m, is zoned for residential development with a gross plot ratio of 1.4 and an allowable height of up to five storeys.
Based on its plot ratio, the cost of the land works out to around S$629 psf ppr, said the company.
By including a further ten percent of balcony gross floor area, the cost will be around S$572 psf ppr.
Development charges are not payable for the site’s redevelopment, said BBR.
BBR plans to develop a five-storey condo that comprises approximately 120 units of around 1,200 sq ft each, scheduled to be completed by end-2011.
its posted on july 13 2010, so the developer estimated that it will take 1 and a half year. And that include marketing and all that.
Trevista is a high rise building that took 2 years to complete. Buyers can move in 1 years before the estimated top stated in the brochure.
Which stack are you interested in? any other condo that you are looking at?