Upcoming Buangkok Condo at Buangkok drive | Property Invest Sg

Buangkok Condo

Buangkok condo price

This superb plot of land just outside Buangkok MRT received only five bids. Why so little? The location is excellent. The winner should be CDL’s White Haven Properties with a top bid of $301m. We are so looking forward to the condo here, hopefully it won’t be crazily priced.

Some numbers first – based on the highest bid of $301m, the cost price for this 99-year leasehold development works out to $508.22 psf ppr. The selling price could potentially be around the $1,000 psf mark. Not too bad we must say.

There are two developments east and west of this plot. To the east lie Esparina Residences, an Executive Condo launched in October 2010. To the west lie The Quartz, a condo that’s about 2-3 years old.

Esparina Residences was selling for a median price of $764psf during its launch in October/November 2010. Recently, in the past three months three units were sold at an average price of $760psf. The Quartz recently had 2 units sold in May 2012 for a median price of $800psf and 7 units sold in April 2012 for a median price of $955psf.

So actually a potential Buangkok condo price in the region of $1,000 psf for this upcoming condo is alright, unless the developer has other ideas of course. Maybe they will do a Sky Habitat!

Image via Onemap.sg. Info via URA. Source

The closest comparable new launch will be La Fiesta at SengKang MRT which was launch at 1050psf. We are expecting Buangkok condo price to be near to La fiesta. If the price is lower than La fiesta, it will definitely be a worth while investment as both are right beside the MRT and Buangkok being 1 stop closer to city.

More information from Buangkok Condo

Buangkok Condo Project Information

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