Friday, July 8, 2011

Thomson Grand starts preview today!

Cheung Kong Holdings will start preview of its Thomson Grand project opposite Singapore Island Country Club today.

The posh sales gallery cost over $8 million and incorporates more than 100,000 Swarovski crystals, including the chandelier centrepiece. The sales gallery embodies certain features of the project’s Faberge Clubhouse, which will resemble a bejewelled egg.

The initial batch of 50 units in the 361-unit project comprises two, three and four-bedroom apartments as well as strata terrace houses.

Cheung Kong said that the terrace houses, with strata areas of 5,102 – 6,566sqft, will be priced at $3.5 – 4.6 million while the apartment prices will range from $1.4 million for a two-bedder to $3.8 million for a four-bedroom unit. It said that all apartments will cost above $1,400psf.

Cheung Kong clinched the 99-year leasehold site for $533psf ppr in late 2009.
Source: The Business Times

Hmm… $533 psf for the land, another $400psf to build the project (and that’s probably at the high end of the cost spectrum). So at $1,400psf selling price, this translates to a cool $400+psf in gross profit. So to all parents with kids, forget about lawyers and doctors… grow up to be a developer instead!

Smiley Face



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