Perfect Ten Price
Price range (indicative) $2.5M ~ $4.8M
The new construction will have a gross floor area of 20,393.7 sqm and will be built on a land area of 9,711.3 sqm (about 104,531 sqft) with a plot ratio of 2.1. (approx. 219,516 sqft). Considering Japura Development’s winning enbloc bid of $401.9 million, this comes out to $1,847 psf per plot ratio (ppr). The bid was a 13% premium above the owners’ reserve price of $355 million ($1,633 psf ppr), which included a $3.505 million development fee for land use intensification.
Below are the indicative pricing:
Low Zone: $3,200 psf
Mid Zone: $3,500 psf
High Zone: $3,700 psf
Perfect Ten Price List:
|2-Bedroom||$2.5 million to $2.9 million||800 sqft|
|3-Bedroom||$4.0 million to $4.8 million||1,300 sqft|
The prices indicated above are subject to change and may not be up to date. For more information about the price and availability condo units, please register below for a showroom appointment.
Development Land Price for Perfect Ten
After four en bloc sales attempts, the former City Towers condo site, on which the future Perfect Ten would be built, was ultimately sold to Japura Development, which submitted the winning bid of $401.9 million out of six other bids.
The overall Gross Floor Area of 219,516 square feet equates to a development land cost of $1,847 per square foot per year. The sale price was 13% higher than the owner’s reserve price of $355 million ($1,633 psf ppr) and included a $350.4 million development charge.
Depending on the size of their property, the owner of each residential unit in City Towers can expect to collect between S$2.78 million and S$11.5 million from the en bloc sale.
The predicted average selling price of a Perfect Ten unit is $3,096 psf, which is slightly more than the average sale price of surrounding freehold condos such as Sloane Residences, Pullman Residences Newton, and The Hyde @ Balmoral, which ranges from $2,750 psf to $2,872 psf.