Daintree Residence Condo Price – Land Price By S P Setia
|Land Parcel Location||Tender Launch Date/ Close Date||Site Area (sqm)/ Max *GFA (sqm)||Tenderer’s Name||Highest Bid ($)/ Award Date||$PSM of GFA|
|Toh Tuck Road||28 February 2017 / 11 April 2017||18,721.4 m² / 26,210 m²||S P Setia International (S) Pte Ltd||$265,000,000 /|
18 April 2017.
Daintree Residence Condo Price – Developers Bid
|Tender Ranking||Name of Tenderer||Tendered Sale Price||TENDERED SALE PRICE IN $PSM OF GFA|
|1||S P Setia International (S) Pte Ltd||265,000,000.00||10,110.64|
|2||Singhaiyi Investments Pte Ltd||260,168,998.00||9,926.33|
|3||Centrex Developments Limited||250,899,999.00||9,572.68|
|4||Heliconia Land Pte. Ltd. and KBD Ventures Pte. Ltd.||241,680,000.00||9,220.91|
|5||China Construction (South Pacific) Development Co. Pte. Ltd.||240,088,800.00||9,160.20|
|6||Intrepid Investments Pte. Ltd., Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.||228,520,440.00||8,718.83|
|7||Ridge Rise Development Pte. Ltd.||226,300,000.00||8,634.11|
|8||FEC Properties Pte Ltd||219,448,000.00||8,372.68|
|9||Nanshan Group Singapore Co. Pte Ltd||217,602,248.00||8,302.26|
|10||Singland Homes Pte. Ltd. and UOL Venture Investments Pte. Ltd.||214,500,000.00||8,183.90|
Daintree Residence Condo Price – Nearby Condo Prices
|Condos Around District 21||Average PSF For The Past 6 Months Transacted||Implied Rental Yield|
|The Creek @ Bukit||$1,594.60||N.A|
|Terrene At Bukit Timah||$1,306.60||2.52%|
|Suites At Bukit Timah||S$1,596.80||N.A|
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.
|Expenses and profit margin||$387|
|Estimated launch price||$1,676|