http://www.stproperty.sg/articles-pr...ertown/a/39917
Whole dev cost 1.6b!
Let's do a simple calculation, if $1.02bil translate into $750psf, then if $1.6bil should workout to be $1176 Psf on breakeven rite?
And a estimate if their retail component is $4000psf, as Venue already selling at $5~6k Psf, the final resi PPR could be lesser?
Least we know this project ain't that cheap in constructing.
I think someone is referring to The Venue Resi n shoppes as they are selling for the entire project ave of $1350 Psf with PPR ard $700 plus, that's is a smaller mix-dev facing right next to PIE, site is small and limited facilities. If not the CM+TDSR+LTV on 2nd ppty, they all could be gone in no time. Buyers who are waiting n waiting will just miss the boat on all opportunity to make a kill, only hope now is to wait for the next relaxing of ruling for multiple ppty purchase.
Different timing with different site attribute on projects will receive different response, who wanted to raise the Psf if sales r bad? Buyer also can't buy rite.