Exact prices are not released yet, and will only be available at the VIP Preview itself. Market estimates place it anywhere from $1,800 to $2,200 PSF.
Please drop us a note below if you would like to have to be updated once the indicative Marine Blue prices are released.
Capitaland paid $100.68 million for the site, which works out to total acquisition cost of about $1,056 per square foot per plot ratio. Assuming construction, financing and overhead costs of around $550 PSF, breakeven should be around $1,600 PSF.
The most recent transaction at nearby 99 year leasehold Silversea condo was at $1,714 PSF in December 2013. On this basis, some analysts are predicting Marine Blue prices to be around $1,800 to $2,200 PSF.
For the background on Capitaland’s acquisition of the site, see report (opens in new window).
Marine Blue Prices · Showflat Viewing · VIP Preview
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