Hi, i would like to contribute my sharing neutral of view; the pricing for any new launches depends on the land bid price too. if the developer bid at a higher price for the land, it will need to sell higher in order to break even the total cost adding in the construction and building cost. also due to the increase in land cost over the years; developers are also building smaller units in order to keep the price low. it is quite typical for every pc to have a higher psf for smaller units, however, based on my experience, this doesn't apply for all projects, the stack facing and for the premium stacks it can command at a higher psf compare to the smaller units.
as for
commonwealth towers, i did share my view on it in district 3 forum: my two cents opinion for
commonwealth towers; the joint developers for
commonwealth towers has bidded the land at a much lower price which is at $883psf ppr compare to the latest bidded land at redhill and tiong bahru at $960psf ppr and $1163 respectively. with this supporting fact, i feel that those who have bought a unit there will stand a strong foothold to capitalize the opportunity due to the fact that, the two coming launches will definitely price it at a higher price to sell as to compare to
commonwealth towers, and the fact that
commonwealth towers is situated much nearer to the mrt or rather sheltered to mrt. probably that is one of the reason why
commonwealth towers is moving at healthy rate compare to other launches.
thanks *yuki for allowing me to share.
cheerios