Twin Vew Condo Price – Land Price By China Construction Development

Land Parcel LocationTender Launch Date/ Close DateSite Area (sqm)/ Max *GFA (sqm)Tenderer’s NameHighest Bid ($)
West Coast Vale7 Dec 2016 / 9 Feb 201716,378.3 m2 / 45,860 m2China Construction (South Pacific) Development Co. Pte. Ltd.$291,990,000
($6,366.99)
Twin Vew Condo

Twin Vew EC Price – Developers Bid

Tender RankingName of TendererTendered Sale Price$ Psf Per Plot Ratio
1China Construction (South Pacific) Development Co. Pte. Ltd.291,990,0006,366.99
2MCC Land (Singapore) Pte Ltd289,900,0006,321.41
3Allgreen Properties Limited286,820,0006,254.25
4Sim Lian Land Pte Ltd277,000,0006,040.12
5Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd.263,777,0005,751.79
6Intrepid Investments Pte. Ltd., Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.256,692,0005,597.30
7EL Development Pte Ltd256,692,0005,412.12
8Nanshan Group Singapore Co. Pte Ltd247,308,0595,392.67
9ZACD Investments Pte. Ltd. and Maxdin2 Pte. Ltd.222,888,9994,860.20
Twin Vew EC Developers

Twin Vew Condo Price – Nearby Condominiums’ Prices

Projects Around District 05, West CoastAverage PSF For The Past 6 Months TransactedImplied rental yield
Parc Riviera$1,229.60Under Construction, No Rental Contracts
The Infiniti$1,005.403.13%
Newest$1,435.803.56%
Hundred Trees$1,254.53.37%
Botannia$1,134.103.13%
Monterey Park Condominium$1,074.903.11%

Twin Vew Condo Price – Estimated Launch and Guide Price

Twin Vew Condo$psf
Land cost$592
Construction cost$350
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.