|Land Location||Successful Sale Price||Per SQ Per Plot Ratio||GFA|
|Pasir Ris Drive 3 / Pasir Ris Drive 8 / Pasir Ris Central||$699,999,999.99 /
Awarded on 22 March 2019
|$684.48 psf||95,010 sqm|
Pasir Ris 8 Price
Transacted Price of Nearby Pasir Ris Properties
|Nearby Newe EC Around Pasir Ris 8 At District 18||Highest Transacted Selling Price (PSF) For Past 12 Months||Completion|
|CASA AL MARE||$1,640||Under Construction|
Comparing Pasir Ris 8 with it’s nearby developments, Palette, D’nest and Coco Palms. In view of the 10 years longer lease and its brand new status, adding 15% premium for integrated projects, I would consider $1,500-1,600psf as reasonable price to invest into Pasir Ris 8. The recent integrated development at Buangkok, i.e. Sengkang Grand Residences had hit above $1,700psf last year.
If the developer could price the 2-bed in between $1M-1.2M, the response should be good.
Pasir Ris 8 Estimate Indicative / Launch Price
|A) Land Cost||$684|
|B) Construction Cost (estimate)||$350|
|C) Profit Margin + Other Expenses (30% x [A+B] )||$310|
|Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE)||$1,344|