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Thread: City fringe condos

  1. #246

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    Quote Originally Posted by Laguna View Post
    So for LP, 527 units x 2.35m (say) = 1.2B and age of property is 99 yrs from 1978. ie 40 years....need a few hundred millions to top up..
    Same for LV, 480 units X 2.35 = 1.12B

    The project risk is really extremely high.

    If done at this price, the launch price with seaview may hit $1900 psf. So, is there a market ?

    Developers, most likely to take two small lands rather than just one huge one
    you're right on the bid size. But i got much higher than 1.12B.

    The plot is 670,000 sft, plot ratio is 2.8 at LP. Owners will want at least 800 psf ppr in this market. so 1.5B.

    Btw, is there a potential for Intensification of the plot to 3.5 to match seaview?

  2. #247
    Join Date
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    Quote Originally Posted by tonymontana View Post
    you're right on the bid size. But i got much higher than 1.12B.

    The plot is 670,000 sft, plot ratio is 2.8 at LP. Owners will want at least 800 psf ppr in this market. so 1.5B.

    Btw, is there a potential for Intensification of the plot to 3.5 to match seaview?
    Even the nearby Costa Del Sol is at 3.6 plot ratio under GLS years ago, under the master plan, all the other big lands are still 2.8

  3. #248

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    hung out at Tiong Bahru tonight.. IMHO its better than redhill... theres a mall, mix of new condos, old low-rise HDBs.. market/ cafes.. the vibe is pretty good. no wonder Highline is that expensive. 2000 psf!!

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