...........................Land Cost (/sqft) Sales Launch (/sqft)
2003...........................$250........................$367
2010...........................$270........................$670
2011...........................$300........................$680
2012...........................$391........................$730
2013...........................$418........................$857
2014...........................$355........................$800
2015...........................$353........................$800
2016...........................$295........................$760
2017...........................$355........................$836
2020...........................$576.......................Est. $1,100/sqft
Below was the land tendering result in 2018.
Sumang: $583
Canberra Link: $558
Anchorvale Crescent:$576
Tampines Ave 10: $578
I have done a simple calculation based on my database of land acquisition cost and sales launch prices for all the ECs. The above prices listed above are in their median range. Years are based on sales launch, while land cost would be 2-3years before sales launch year.
Analyst forecast that the upcoming EC at Samang is going to breach the $1,100/sqft mark based on the record land acquisition cost.
When the EC first launched in the late 90's period, based on market prices today, they are a sure-win. How about nowadays? Any thoughts about this?
P.S: Sorry for the messy statistics. I cannot post any image yet due to insufficient post count.
2003...........................$250........................$367
2010...........................$270........................$670
2011...........................$300........................$680
2012...........................$391........................$730
2013...........................$418........................$857
2014...........................$355........................$800
2015...........................$353........................$800
2016...........................$295........................$760
2017...........................$355........................$836
2020...........................$576.......................Est. $1,100/sqft
Below was the land tendering result in 2018.
Sumang: $583
Canberra Link: $558
Anchorvale Crescent:$576
Tampines Ave 10: $578
I have done a simple calculation based on my database of land acquisition cost and sales launch prices for all the ECs. The above prices listed above are in their median range. Years are based on sales launch, while land cost would be 2-3years before sales launch year.
Analyst forecast that the upcoming EC at Samang is going to breach the $1,100/sqft mark based on the record land acquisition cost.
When the EC first launched in the late 90's period, based on market prices today, they are a sure-win. How about nowadays? Any thoughts about this?
P.S: Sorry for the messy statistics. I cannot post any image yet due to insufficient post count.
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