Press Release: Prices Announced for Parc Botannia
|Unit Type||Typical Size (sqft/sqm)||Prices|
|1 BR||430/40||From $548k|
|1 BR + S||560/47||From $633k|
|2 BR-C||581/54||From $738k|
|2 BR-P||667/62||From $820k|
|2 BR + S||775/72||From $937k|
|3 BR-C||870/80||From $1.04M|
|3 BR-P||969/90||From $1.17M|
|4 BR-C||1152/107||From S$1.3M|
|4 BR-P||1280/119||From S$1.45M|
|5 BR||1410/131||From S$1.6M|
A Record of Condominium Costs
It’s been almost six years since Condominiums made a comeback in 2010. By 2010 to Q1 2013, the ordinary launch cost of an condominium valued modestly from S$800 psf into S$950 psf. This growth was still acceptable since it had been in sync with enhancing buyers’ opinion for residential properties around the whole throughout this period.
That is because a purchaser’s present HDB monthly mortgage payment won’t be factored into TDSR calculations if a lender assesses the total amount of loan to give him within an Condo unit. Executive condos were consequently found at an average cost of roughly S$800 psf at Q2 2013, up from an average of S$750 psf throughout the first half of the year.
Projects which adopt strong pricing plans in 2017 transfer sales quicker
Two condominium projects stood out from 2017 with regards to number of earnings — Hundred Palms Residences and Parc Botannia. As reported by a developer sales survey in August, Hundred Palms Residences was sold out on the first day!
Competitive pricing is the principle of this sport for developers to market their executive condominium jobs quicker in 2017. That is because buyers stay very cost sensitive, on account of the enduring impact of the MSR cap for new Condo buys and constraints on property loans caused by TDSR.