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Old 13-02-2020, 12:53 PM   #168
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Join Date: Nov 2007
Posts: 1,383
Quite pricy considering quite a bit of existing EC 900+ psf can get
They really no choice if they want to make a profit.
Have to let buyers bail them out of the high costs paid.

The problem with EC scheme is that it is based on land bidding by developers, unlike HDBs. It makes sense that eventually, EC pricing will gravitate towards PC prices, such that eventually EC scheme "fails".

And developers with multiple launches will usually also price each new launch higher and higher so that previous launches appear cheaper and move. Excellent pricing strategy in a capitalist economy.

One also has to consider resale levy. For a 5 rm flat owner, it is $45k. So for 1000 sqft unit, it is additional $45k. This will push up the pricing to $1125~ $1195 psf.

I also did a quick calculation for the Ola PH unit of 1722 sqft. At $1080 psf, along with resale levy, it would be $1.9 mil.

Comparatively, at Parc Botannia, a 1507 sqft unit just went for $1137 psf in Jan 2020 at about $1.7 mil.
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