Stirling Residences Condo Price – Tendered Price By Nanshan

LAND LOCATIONDATE OF AWARDSUCCESSFUL TENDERERSUCCESSFUL TENDERERSITE AREA (m2)GROSS FLOOR AREA (m2)
Stirling Road (Stirling Residences)23 May 2017Logan Property (Singapore) Company Pte Ltd and Nanshan Group Singapore Co. Pte. Ltd.$1,002,719,95621,109.588,660
Stirling Residences Tender Price, URA Price, Winning Land Price

Stirling Residences Condo Price – List of Developers’ Bids

RANKINGNAME OF TENDERERTENDERED
SALE
PRICE ($)
TENDERED
SALE PRICE
IN
$PSM OF
GFA
1Logan Property (Singapore) Company Pte
Ltd and Nanshan Group Singapore Co. Pte.
Ltd.
1,002,719,956.0011,309.72
2MCL Land (Everbright) Pte. Ltd.925,696,509.0010,440.97
3OUE Arbon Pte. Ltd.901,000,000.0010,162.42
4Singland Homes Pte. Ltd. and UOL Venture
Investments Pte. Ltd.
890,000,000.0010,038.35
5Kingsford Development Pte Ltd877,355,000.009,895.73
6Intrepid Investments Pte. Ltd., Verwood
Holdings Pte. Ltd., TID Residential Pte. Ltd.
and Garden Estates (Pte) Limited
865,200,000.009,758.63
7Tanglin Land Pte. Ltd. 845,055,000.009,531.41
8FCL Residences Pte. Ltd.844,587,360.009,526.14
9Queens Property Pte. Ltd.835,000,000.009,418.00
10CEL Real Estate Development Pte. Ltd.828,368,100.009,343.20
11CSC Land Group (Singapore) Pte. Ltd.821,999,000.009,271.36
12Stirling View Pte. Ltd.747,777,000.008,434.21
13First Meyer Development Pte. Ltd.713,839,000.008,051.42
Stirling Residences List of developer bids price, land tender price by list of developers URA

Stirling Residences Condo Price – Nearby Condo Prices

CONDOS AROUND DISTRICT 03, STIRLING ROAD, QUEENSTOWN/REDHILL/COMMONWEALTHAVERAGE PSF TRANSACTED (1 YEAR)IMPLIED RENTAL YIELD
QUEENS$1,1703.6%
ALEXIS$1,6513.6%
QUEENS PEAK$1,698Under Construction
COMMONWEALTH TOWERS$1,748Under Construction
THE ANCHORAGE$1,2422.6%
Stirling Residences nearby condominiums transacted price, implied rental yield, capital gain

Guidelines For The Price Related To The New Upcoming Launch Stirling Residences @ Stirling Road:

Stirling Residences condo estimated launch price
$psf
Land cost$1,050.71
Construction cost$350
Expenses and profit margin$420.21
Estimated launch price (subjected to changes)$1820.92

Residential developers always aim to construct houses that will not only be a great home for the buyers, but will also attract shareholders and investors and hopefully become a source of generous earnings for them. Here is the method to get a reasonable estimate of their prices.

Stirling Residences Logan

The staff costs and office rents are included in the administrative expenses. While marketing expenses cover the building costs, commissions for development agencies, advertisements for the development and other legal costs. Finance costs include the interest paid to the financial institutions for funding for the development needed. Whereas, the profit margin is the percentage of profits that the developer makes for the development. Adding all these expenses will get the estimated launch price on a per square foot(psf) basis.

Stirling Residences Nanshan

The site of Forest words translates to S$710 per square foot (psf) per Gross Floor Area (GFA). Cost of architectural design is about $350 psf for a condominium. Adding them up will give you get the base cost. Taking 30% of the base cost will cover the other expenses, including the profits for the developer. This comes up to about $318 psf and an estimated launch price of $1,378.

Stirling Residences Redhill

For the site of Queens Peak, which has a price of about S$871 per square foot (psf) per Gross Floor Area (GFA), cost of architectural design is about $350 psf for a condominium. Adding them up will give you get the base cost and taking 30% of the base cost will cover other expenses, including the profits for the residential developer. The base cost adds up to about $366 psf, and an estimated launch price will sum up to be $1,587.

Stirling Residences Queenstown

These are the estimated prices, which change with the rise and fall of the amount of land. The developer will continue his market examination and look out for the cost keeping in mind the competition and the end prize. Development costs usually range from $350 psf. Luxury condos can cost up to $450 psf to develop, and more extravagant apartment suites can require much higher.

2018 Singapore’s Private Residential Market Direction