|Ranking||Name of Tenderer||Tendered Sale Price ($)||Tender Sales Price in $PSM of GFA|
|1||China Construction (South Pacific) Development Co. Pte. Ltd.||291,990,000.00||6,366.99|
|2||MCC Land (Singapore) Pte Ltd||289,900,000.00||6,321.41|
|3||Allgreen Properties Limited||286,820,000.00||6,254.25|
|4||Sim Lian Land Pte Ltd||277,000,000.00||6,040.12|
|5||Far East Civil Engineering (Pte.) Limited and Sekisui House, Ltd.||263,777,000.00||5,751.79|
|6||Intrepid Investments Pte. Ltd., Verwood Holdings Pte. Ltd. and TID Residential Pte. Ltd.||256,692,000.00||5,597.30|
|7||EL Development Pte Ltd||248,200,000.00||5,412.12|
|8||Nanshan Group Singapore Co. Pte Ltd||247,308,059.00||5,392.67|
|9||ZACD Investments Pte. Ltd. and Maxdin2 Pte. Ltd.||222,888,999.00||4,860.20|
Pricing for Twin Vew Condo West Coast Vale
The above tender results for Twin Vew note that the highest bidder for the site is from China Construction (South Pacific) Development Co. Pte. Ltd. Other developers have also submitted tenders for the plot of land at West Coast Vale and it was closely contested by MCC Land Singapore as well.
Average Selling Price for Twin Vew
The bidding also reflect optimism of the Singapore real estate market and also relatively new developers are attracted by the bite size quantum of the plot of land. Base on the tender price received for the plot of land, analyst see a selling price of average $1,200 – $1,300 psf for Twin Vew Condo.
It is noted that Twin View Condo is located in a residential enclave where there are many other developments such as the previously launched Parc Riviera, as well as other developments such as The Infiniti, Newest, Hundred Trees and Botannia.
Estimated Selling Price and Price Guide
It is noted that the nearby condominiums at District 05 are selling at around $1,100 – $1,300 psf and therefore the benchmark selling price for Twin Vew will be around this range. The final pricing has yet to be released and the guide herein serve as a comparative market analysis for the selling price of Twin Vew.
Also, the price stated herein are as a form of reference and is dependent on the real estate market launching at the point of time. Suppose, 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.
VVIP Prices for Twin Vew Condo
Prices are also subjected to the accuracy of the $350psf that we use as a general guide for the construction cost of Twin Vew. The cost may vary as is intended as a general guide. Some of the construction cost maybe higher or lower depending on the market conditions at the point in time. It is essential this price guide is to be served as a standalone guide and due diligence on comparative market analysis is to be done before any decisions are make.
Launching Date for Twin Vew
The Launching Date for Twin Vew is not confirmed yet but is estimated to be around in late 2017 or early 2018. Please kindly your interest for Twin Vew. We will keep you closely posted once there is any further updates on the development. Once the showflat viewing dates are firmed up, we can also keep you posted as well. Direct Developer Pricing is available here. Please kindly register for VVIP Review