I Found some Condos with very CHEAP land and This is What I DISCOVERED...

Video description from @singaporepropertypro

I Found some Condos with very CHEAP land and This is What I DISCOVERED...

In this video we're exploring something everyone loves: getting a good deal.
Can Cheap Land mean Cheap Condo Prices in Singapore? Let's find out!

You see, condo prices in Singapore have been going through the roof lately.
So, you might be wondering, what if developers buy land for less money?
Will they pass those savings on to you by selling condos for less? Let's dive into the details.

First, Seneca Residences by MCC Land.
They're building 268 units, and it's set to be done by 2027. The land they bought cost $1,820 per square foot. Sounds promising, right? But when they launched, they sold more than 60% of the units at an average price of $2,072 per square foot. That's a profit of 31%, which is way more than the expected 15%.

Now the big question is this...
Do developers who bought the land cheap have to sell you the condo at cheap prices too?

Continue watching the video if you want to know more about land prices and the estimated launch prices, as always, you can simply contact us for more information at Singapore Property Pro.

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