Given the low land rate, DBS mentioned that developers would likely target the upgrader class of buyers
Future homes on the Canberra Crescent site could sell for under S$2,000 per square foot , according to DBS.Singapore Business Review reported that DBS Group Research has noted that developers who secured these sites might use “flattish pricing” strategies for their upcoming projects. This is due to the low land rates and rising construction costs.
One of the cheapest bids was for the Canberra Crescent site, where the top bid was S$793 psf per plot ratio . If this bid is awarded, DBS estimates that future homes on this site could be priced below S$2,000 psf.Canberra Crescent residents face choked up rubbish chutes up to 3rd floor, foul smell and cockroaches lurk at corridors
Another site of interest is De Souza Avenue, where the top bid was S$841 psf ppr. According to DBS, the future project on this site could have launch prices near the S$2,000 psf mark or possibly even lower.The third site, Zion Road , had a land cost of S$1,304 psf ppr. This higher land cost suggests that future homes on this site could be priced between S$2,600 and S$2,800 psf.
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