THE HYDE CONDO PRICE – ENBLOC PRICE BY WOH HUP GROUP
SUCCESSFUL SALE PRICE
PER SQ FT PER PLOT RATIO
GROSS PLOT RATIO
11 Balmoral Road
THE HYDE CONDO PRICE – NEARBY CONDO PRICES
NEWER CONDOS AROUND DISTRICT 10, BALMORAL
HIGHEST PSF FOR THE PAST 12 MONTHS TRANSACTED
8 Farrer Suites
Suites At Orchard
THE HYDE CONDO PRICE – ESTIMATED LAUNCH AND GUIDE PRICE
The estimated and indicative price is not released yet. Register early to be informed when it’s released
More Read Up on How To Estimate the Indicative Price of the Launch
Developers are continually seeking to build high value buildings/developments for the sake of high profits for them and their shareholders. The new launch price is normally a much awaited asset among the real estate investors. Well, you do not have to wait for them to declare their new launch price anymore; you can do the estimation by yourself in a jiffy. This is how to estimate the new launch price for any new development like The Hyde by Woh Hup.
In determining their new launch price, the developers break the property in parts: Land, construction costs,administrative expenses, sales and marketing expenses, finance costs and the profit margin. With these you are able to estimate the new launch price of any new building/construction.
The most expensive component is land followed by construction costs. Hence, knowing just the two(land and construction cost) will give you an estimate of the new launch price. However, there is a more deeper approach to get a closer estimate of the new launch price.
Calculations for the estimate the new launch price:
Step 1: Getting the base cost.
Get the total amount awarded to the developer and divide it by the floor area to get the amount in dollars per square feet(PSF) per Gross Floor Area(GFA). Then get the total construction costs including architecture design. Add them( the amount in dollars per square feet per gross floor area and the total construction cost) you get the base cost.
Step 2: Getting the total expenses and profit margin:
The profit margin is the percentage of profits that the developer makes from the development. The other expenses include administrative expenses, sales and marketing expenses and finance costs. The administrative expenses include office rents and staff costs. The finance costs include interest expense paid to the finance institutions for financing the development. Sales and marketing expenses include showflat building costs, commission for real estate agencies etc.
Step 3: Adding the base cost and the total expenses and the profit margin:
Add them up and you will have the estimate new launch price. The total expenses and the profit margin are mostly 30% of the base cost.
Hence, the total estimated new launch price is basically a sum up of the land cost, construction cost and the total expenses and the profit margin.
The actual new launch price will not have a large variation with the estimated new launch price unless affected by factors such as land prices.
For instance if the land price increases from the date of tender award to the launch date, the developer will take advantage of this and raise their new launch price. The same applies if the land prices decrease from the tender award date to the launch date; the developer has to squeeze their
profit margin to reduce their new launch price. Another factor that may cause a big variation is competition; a developer will cut down their new launch price in order to counter competition.
On the other hand, the new launch prices may vary from one construction to another. Depending on the land prices in different locations, competition and the total square area the construction occupies.
With this method you are able to estimate the new launch price of a construction and make your budget considerations early enough.