8@BT

[youskevitch]

Since they like the number 8 so much, let's see them launch at 28xx psf.. Huat ahhh..

looks like the breakeven is around 2,282 psf.
5% Margin - 2396 psf
10% Margin - 2510 psf
15% Margin 2624 psf
20% Margin 2738 psf
25% Margin 2852 psf

demand in this location seems quite intense. this is the last condo available that is walking distance from beauty world mrt.
the last plot is taken up by the temporary market so that will be available earliest from 2029.

no news on enbloc for the rest.

 

[holasingapura]

Are construction cost really that high now? Don't let those agents and developers fool you.

Steel rebar prices have plunged and are below pre-covid-19 levels now. Nearly 7-year lows!

Maybe only labor cost is still up. (including commissions paid to agents )

 

[westcove]

looks like the breakeven is around 2,282 psf.
5% Margin - 2396 psf
10% Margin - 2510 psf
15% Margin 2624 psf
20% Margin 2738 psf
25% Margin 2852 psf

demand in this location seems quite intense. this is the last condo available that is walking distance from beauty world mrt.
the last plot is taken up by the temporary market so that will be available earliest from 2029.

no news on enbloc for the rest.

How about Signature Park?

 

[youskevitch]

Are construction cost really that high now? Don't let those agents and developers fool you.

Steel rebar prices have plunged and are below pre-covid-19 levels now. Nearly 7-year lows!

Maybe only labor cost is still up. (including commissions paid to agents )

anecdotally, construction costs used to be very roughly 300 psf and have risen to 400-500 psf.
of course, smaller developments naturally have a higher psf construction cost due to lack of economies of scale.

 

[youskevitch]

How about Signature Park?

Signature Park is not walking distance from Beauty world. you can compare that development to Daintree (LH)/Forett (FH) instead.

 

[DevilPlate]

anecdotally, construction costs used to be very roughly 300 psf and have risen to 400-500 psf.
of course, smaller developments naturally have a higher psf construction cost due to lack of economies of scale.

Best is to check with Project Managers working for developers.

Else we all js rely on edgeprop figures which we duno plucked from where whahahaha

For blue chip developers, their financing cost has dropped liao and only about 1% above pre covid level.

 

[jeffong]

Given that the high floor 2 Bedder RR units were hitting 28xx territory, Bukit Sembawang knows that there's demand in this area and have no reason to shortchange themselves by selling low. Last chance for Pei Hwa loving parents to get in liao..

 

[DevilPlate]

Given that the high floor 2 Bedder RR units were hitting 28xx territory, Bukit Sembawang knows that there's demand in this area and have no reason to shortchange themselves by selling low. Last chance for Pei Hwa loving parents to get in liao..

Small project at high price = baghold long long time?

 

[jeffong]

Small project at high price = baghold long long time?

No problemo.. Bukit Timah Hill will be there to accompany them long long time as well..

 

[youskevitch]

Likely preview starts on 7 Sep

 

[kiatme]

The smaller units 1 bedroom and 2b1b quite efficient, similar to Liv@MB.
Those units most likely people will snatch, but of course need to see the indicative price

 

[youskevitch]

The smaller units 1 bedroom and 2b1b quite efficient, similar to Liv@MB.
Those units most likely people will snatch, but of course need to see the indicative price

Agree. Likely will be a land grab for 1 br and 2br. Too much demand in this area

 

[jeffong]

4 units sharing common lifts with 2 units having their own private lift. Technically the other 2 unit can label 1 lift for themselves and also claim they have private lift. LOL!!! Can't wait to see what kind of maintenance fees the owners would need to fork out though.

 

[oldchanggold]

It seems to be likely launching ~25, 26.

SC opined if above 2,700, there are better options and RR is a strong competitor when it comes to exit strategy.

 

[Advancer]

It seems to be likely launching ~25, 26.

SC opined if above 2,700, there are better options and RR is a strong competitor when it comes to exit strategy.

8@BT showflat preview 07 Sep, booking day 21 Sep.

 

[danedane79]

Will small development have much higher maintenance fee and limited facilities? What is a good psf for 2br and 3br?

 

[sotong007]

Bukit Semb known to price highly. expect 259x onward with avf around 27xx

 

[oldchanggold]

8@BT showflat preview 07 Sep, booking day 21 Sep.

Sorry this project is pre or harmonization ah

 

[Advancer]

Sorry this project is pre or harmonization ah

It's Pre, because land was launched for sale on 31 Aug 2022.
URA GFA harmonisation ruling applies to land sales after 01 Sep 2022.

 

[petetherock]

This condo is beyond 1km to MGS right?
Interesting concept but $$$