Botanique @ Bartley Price – About Botanique @ Bartley
Botanique @ Bartley is a new condo launched for sale / booking by the UOL Group, on the city fringe. Within 3 minutes walk of Bartley MRT Station [Circle Line].
A delightful high-rise development with unblocked views overlooking low-rise estates on 2 sides; it is next to Bartley Residences (100% sold out), diagonally opposite Bartley Ridge (96% sold), and 6 minutes walk from Maris Stella Primary & High School.
So with all the convenience of the location, what is the Botanique @ Bartley Price then?
Botanique @ Bartley Price – Deriving the Price Estimate (Calculation)
Estimating the Botanique @ Bartley Price … UOL Overseas Investments Pte Ltd paid $392.3 million for the site, which works out to land acquisition cost of slightly over $648 per square foot per plot ratio.
Assuming construction & financing costs of around $500 PSF, breakeven could be about $1,150 PSF.
That could mean an average selling price of $1,250 to $1,300 PSF.
With the typical pattern of small units commanding a higher PSF cost, that could translate to around $1,400 PSF for small units, to around $1,250 PSF for large units. Bartley Residences sold out in early 2013 at around $1,200 to $1,300 PSF, while Bartley Ridge across the road is almost sold out, again at an average price of around $1,250 PSF.
Botanique @ Bartley Price – Price Psf
Exact prices are not available yet, and will only be known at the VIP Preview itself. Generally however, analysts’ expectations are that it will be around $1,2xx PSF upwards.