For now, we don’t have the official price yet.
Based on EdgeProp analysis, the estimated breakeven cost is $2,296 psf ppr.
If the developers want to make 15% profit, they will have to price it between $2,600-$2,700 psf.
They have two close competitors ahead, which are really nearby:
- Dunman Grand by Singhaiyi which is just stone throw away from Dakota MRT station.
- Tembusu Grand by CDL and MCL Land which is 10 min walk to Tanjong Katong MRT.
Both of them are 99-year-leasehold project. So expected that their prices will be lower than Continuum condo.
However, Hoi Hup got more than 800 units to sell. They can play wider price range strategy game by pricing some units to start below $2,500psf.