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PR Newswire
02-11-2019, 09:36 AM
The Avenir previously known as Pacific Mansion was sold to the Tripartite of Guocoland, Hong Realty and Intrepid Investments at price of $980 million. The acquisition marks the biggest collective sale in the past decade, exceeding Tampines Court’s $970M and Amber Park’s $907M.
The site area of 128,352 sq ft, located in the Country’s most prime district 9, has a plot ratio of 2.8. The site like this can be developed as high rise luxury condo. The sale price translates to a land price of $1,806 per sq ft per plot ratio (psf ppr) after factoring 10% extra balcony floor area.
It’s estimated that break even cost between $2,530-2800, and the launch price may range from $ $3,000 to $3,200psf.
The site area of 128,352 sq ft, located in the Country’s most prime district 9, has a plot ratio of 2.8. The site like this can be developed as high rise luxury condo. The sale price translates to a land price of $1,806 per sq ft per plot ratio (psf ppr) after factoring 10% extra balcony floor area.
It’s estimated that break even cost between $2,530-2800, and the launch price may range from $ $3,000 to $3,200psf.