Canninghill Piers Price

Land Location Successful Sale Price Per SQ Per Plot Ratio GFA
177 River Valley Road $699,999,999.99 /
Awarded on 22 March 2019
$684.48 psf 95,010 sqm

Transacted Price of Nearby Clarke Quay Properties

Nearby Condo Around Canninghill Piers Highest Transacted Selling Price (PSF) For Past 12 Months Completion
RV ALTITUDE $2435.32 2022
8 ST THOMAS $2604.17 2018
LLOYD SIXTYFIVE $2848.89 2016
THE MARTIN NO 38 $2477.88 2012
URBANA $2504.88 2007
THE PIER AT ROBERTSON $2359.88 2006

Comparing the new condominium project with it’s nearby developments. In view of the 10 years longer lease and its brand new status, adding 15% premium for integrated projects, I would consider $2,500-2,600psf as reasonable price to invest into Canninghill Piers.

Estimate Indicative / Launch Price

PSF$
A) Land Cost $684
B) Construction Cost (estimate) $350
C) Profit Margin + Other Expenses (30% x [A+B] ) $310
Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE) $1,344

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