Hi guys and
gals, as u know, I have resigned from my current company and joining another
establish outfit with better portfolio. I will still keep myself in touch with
the housing matters since housing is more than just a shell. Another friend who
is an architect will join this blog in near future and it will be good for
everyone to have views from not just 1 but 2 architects!
As for Twin
Waterfalls, I have made some financial research on this project as well. Here
goes:
Land area
|
:
|
25,164.20 sqm/ 270,867.44 sqft
|
Plot ratio
|
:
|
3.0
|
Max GFA
|
:
|
75,492.60 sqm/ 812,602.32 sqft
|
10% free GFA (URA)
|
:
|
83,041.86 sqm/ 893,862.55 sqft
|
Salable area
|
:
|
825,699 sqft
|
Total sales price
|
:
|
S$ 678,928,000.00
|
Construction cost (est)
|
:
|
S$ 187,711,135.50
|
Consultants fee (est)
|
:
|
S$
3,754,222.71
|
Land price
|
:
|
S$ 219,468,000.00
|
Others (10%)
|
:
|
S $
18,771,113.50
|
Total cost
|
:
|
S$ 429,704,471.70
|
Few things
to note here:
1. Construction
cost reduced to S$210/psf due to the fact that co-owner of this project is a
contractor. The profit margin can be generated from total sales rather than
construction itself. Usual price would be at S$230/psf. A normal development
without swimming pool is at S$170/psf.
2. The 10%
additional charges are for relevant development charges, cost of project
managers, survey and other related charges.
3. This
estimation is based on common 4 years development schedule.
4. This
estimation never accounted the costing for financing, so I’m not going into how
much the developer can earn.
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