Daintree Residence Condo Price – Land Price By S P Setia

Land Parcel LocationTender Launch Date/ Close DateSite Area (sqm)/ Max *GFA (sqm)Tenderer’s NameHighest Bid ($)/ Award Date$PSM of GFA
Toh Tuck Road28 February 2017 / 11 April 201718,721.4 m² / 26,210 m²S P Setia International (S) Pte Ltd$265,000,000 /
18 April 2017.
$10,110.64
daintree residence estimated launch price, selling price, target preview price

Daintree Residence Condo Price – Developers Bid

Tender RankingName of TendererTendered Sale PriceTENDERED SALE PRICE IN $PSM OF GFA
1S P Setia International (S) Pte Ltd265,000,000.0010,110.64
2Singhaiyi Investments Pte Ltd260,168,998.009,926.33
3Centrex Developments Limited250,899,999.009,572.68
4Heliconia Land Pte. Ltd. and KBD Ventures Pte. Ltd.241,680,000.009,220.91
5China Construction (South Pacific) Development Co. Pte. Ltd.240,088,800.009,160.20
6Intrepid Investments Pte. Ltd., Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.228,520,440.008,718.83
7Ridge Rise Development Pte. Ltd.226,300,000.008,634.11
8FEC Properties Pte Ltd219,448,000.008,372.68
9Nanshan Group Singapore Co. Pte Ltd217,602,248.008,302.26
10Singland Homes Pte. Ltd. and UOL Venture Investments Pte. Ltd.214,500,000.008,183.90
Daintree residence list of tenderer with price

Daintree Residence Condo Price – Nearby Condo Prices

Condos Around District 21Average PSF For The Past 6 Months TransactedImplied Rental Yield
The Creek @ Bukit$1,594.60N.A
Nottinghill Suites$1,523.303.65%
Terrene At Bukit Timah$1,306.602.52%
The Beverly$1,212.402.75%
Suites At Bukit TimahS$1,596.80N.A
Daintree Residence showflat, show suites, show gallery

Daintree Residence Condo Price – Estimated Launch and Guide Price

The launch price of Daintree Residence Condo is decided on several factors. The most expensive factor is the land bid, which is followed by the costs of construction. Other factors include expenses on the administrative, marketing and sales, plus finance costs, the profit margin and much more. Add all those factors, and you will get to the selling price.

How is it calculated? Here is an  rough estimate example:

  • Finance costs – which are the interest expense that is paid to financial institutions for the development’s financing.
  • Administrative expenses – these are office rents, staff costs, etc.
  • Marketing and sales expenses – commission on real estate agencies show flat building costs, lawyer fees on conveyance, development advertising, etc.
  • Profit margin – the profits’ percentage that the developer creates for the development.
    When adding these all up, the estimate launch price is the result, by the PSF.

The below is AN INDICATOR of the launch price and is not NOT not the Final Selling price as the developer might priced the launch according to market after conducting the CMA of the nearby transacted prices

It is your responsibility to learn about the developer’s track record, the main contractor, and architect responsible for building your condo unit.

$psf
Land cost$939
Construction cost$350
Expenses and profit margin$387
Estimated launch price$1,676
daintree residence estimated launch price, selling price, target preview price