For now, we don’t have the official price yet.
With the highest interest rates and inflation, the developer will incur a lot more hidden cost.
Therefore, I am not using EdgeProp’s estimated breakeven cost to gauge the developer’s selling price.
But instead, I will estimate the selling price based on the market price in the surroundings.
The nearest resale condo, One-North Residences, 14-year-old, is now transacted close to $1,600psf. But the supply is mainly the large 1 and 2 bedroom unit types.
The most recent new launch condo, One-North Eden, launched in 2021. It is already fully sold and the highest price record over $2,200psf. How much do you think the owners will sell upon TOP? At least $2,400psf?
With the nearer distant to Buona Vista MRT, Blossoms By The Park is more sought-after than the rest. I would expect $2,400psf could be the average selling price.