Twin Vew Condo Price – Land Price By China Construction Development
|Land Parcel Location||Tender Launch Date/ Close Date||Site Area (sqm)/ Max *GFA (sqm)||Tenderer’s Name||Highest Bid ($)|
|West Coast Vale||7 Dec 2016 / 9 Feb 2017||16,378.3 m2 / 45,860 m2||China Construction (South Pacific) Development Co. Pte. Ltd.||$291,990,000|
Twin Vew EC Price – Developers Bid
|Tender Ranking||Name of Tenderer||Tendered Sale Price||$ Psf Per Plot Ratio|
|1||China Construction (South Pacific) Development Co. Pte. Ltd.||291,990,000||6,366.99|
|2||MCC Land (Singapore) Pte Ltd||289,900,000||6,321.41|
|3||Allgreen Properties Limited||286,820,000||6,254.25|
|4||Sim Lian Land Pte Ltd||277,000,000||6,040.12|
|5||Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd.||263,777,000||5,751.79|
|6||Intrepid Investments Pte. Ltd., Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.||256,692,000||5,597.30|
|7||EL Development Pte Ltd||256,692,000||5,412.12|
|8||Nanshan Group Singapore Co. Pte Ltd||247,308,059||5,392.67|
|9||ZACD Investments Pte. Ltd. and Maxdin2 Pte. Ltd.||222,888,999||4,860.20|
Twin Vew Condo Price – Nearby Condominiums’ Prices
|Projects Around District 05, West Coast||Average PSF For The Past 6 Months Transacted||Implied rental yield|
|Parc Riviera||$1,229.60||Under Construction, No Rental Contracts|
|Monterey Park Condominium||$1,074.90||3.11%|
Twin Vew Condo Price – Estimated Launch and Guide Price
|Twin Vew Condo||$psf|
|Expenses and profit margin||$283|
|Estimated launch price||$1,235|
Nearby condominiums around West Coast Vale District 5, it will be estimated that Twin Vew condo launch price will be estimated to be over S$1,100 to 1,300 psf with average S$1,200. Please take note that this is NOT the final price that China Construction Development will be selling as they they will calculate their comparative market analysis (CMS) and price units at Twin Vew.
Keep in mind that this estimate is proven to work effectively in the environment of low price volatility that we’re currently experiencing. If the prices of land increase substantially during the time between the tender award and the launch date, it’s possible that the developers will choose to increase the prices and, consequently, collect more profits. To contrast, when prices decrease and the profit margin of the developer is being squeezed into an environment characterized by a decrease in land value, they may choose to perform a competitive market analysis. From there, they will set the price in accordance with their competitors to make sure their units sell.
The costs of construction may also differ from the cost of $350 psf we used for this estimation. The cost of luxury condos might cost as much as $450 psf to get constructed, and ultra-luxury units can have an even more significant price jump.
This estimate of the launch price can give you an indicator for the consideration of your budget. It should not be used to determine the valuation of a property, however. To do this, it is essential to study the developer’s track record, as well as those of the main contractor and architect building your future condo. The price alone is not enough information to base your decision on.
Looking back at one of the China Construction Development projects, Double Bay Residences, it is getting a relatively good review. Picture from Property Guru
Twin Vew Condo – Selling Price
- As of Sept 2017, China Construction Development has not released any prices for Twin Vew. Please register early to keep yourself informed of the latest price when ready.
- Twin Vew target price list will be released late 2017/early 2018
- To enjoy official direct developer price and pay zero commission, it is recommended to register for VVIP preview.