LAND STORM has become a Hurricane

[proud owner]

The rebuilding cost of some GCB is around $900psf.

At $200psf, all you get is china tiles, china faucet and non European kitchen appliance etc.

in case you guys do not know ... High end condos that sold at 6xxx psf ....( shant say which one) ...

that developer ... mix china tiles with Italian tiles hor ...

[gsmsimmax3]

Sentosa Move to Frankel Walk


http://www.propertyguru.com.sg/listi...e-frankel-walk
http://www.propertyguru.com.sg/listi...-estate-landed
http://www.propertyguru.com.sg/listi...ove-to-frankel

Ask : $13.3mio ,$13.8 mio, $12.5mio

Sold: $9.38 mio

26 MAY 2015 15 FRANKEL ESTATE 5 FRANKEL WALK DETACHED FREEHOLD 6,684 LAND 1,404 $9,380,000

Wow ..really SENTOSA- turquoise pricing

With 11800 sq feet built up @$300 psf,=$3.6 mio (construction)
$9.38mio-$3.6 mio= $5.78 mio

Land cost in Frankel only $5780/6684 = $865 psf ???

Indeed land cost in Frankel is finally $881 psf.

18 JAN 2016 * FRANKEL STREET DETACHED FREEHOLD RESALE 10,807 $ 881 psf $9,520,000 PRIVATE
11 JAN 2013 * FRANKEL STREET DETACHED FREEHOLD RESALE 10,807 $1,300 psf $14,043,900 PRIVATE

Agent fees $140,000
SSD $380,800 ( 4% , 4th years --held 3 years)
Rebuilt $500,000 ---initial preliminary, uncompleted
loss $4,523,900

Total $5,544,700 (39%).
No rental yield.Did not even stay.. Ouch.

Hurricance has finally arrived...