The Jovell Condo Price – Nearby Condo Prices

Nearby Newer Condos Around The Jovell Average Selling Price (PSF) For Past 6 MonthsImplied rental yield
THE INFLORA$1,0783.2%
HEDGES PARK CONDOMINIUM$9443.4%
PARC OLYMPIA$9533.2%
PALM ISLES$1,0413.1%
The Jovell nearby condo selling price with psf and rental yield

The Jovell Estimated Launch and Selling Price

  • The Jovell condo selling price list is not available yet, estimated to be early to mid 2018 to release
The Jovell price list, indicative selling price

How to estimate the launch price of a new launch like The Jovell condo?

  • Finance costs
  • Administrative expenses
  • Marketing and sales expenses
  • Profit margin
  • When adding these all up, the estimate launch price is the result, by the PSF.
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The administrative expenses include staff costs and office rents. While sales and marketing, expenses include show flat building costs, commission for real estate agencies, advertising for the development, lawyer fees for conveyancing. Finance costs are the interest expense paid to the financial institutions for financing the development. Whereas profit margin is the percentage of profits that the developer makes for the development. The added sum of all the above-mentioned expenses will get the estimated launch price on a psf basis.

Example: for the site of Forest woods which translates to S$710 per square foot (psf) per Gross Floor Area (GFA).Construction costs, including architecture design, is about $350 psf for a mass market condominium. Adding them up will give you get the base cost. Next, take 30% of the base cost that will cover the other expenses and profits for the developer. This comes up to about $318 psf. An estimated launch price will sum up to be $1,378.

Similarly for the site of Queens Peak which translates to S$871 per square foot (psf) per Gross Floor Area (GFA). A construction cost, including architecture design, is about $350 psf for a mass market condominium. Adding them up will give you get the base cost. Next, take 30% of the base cost that will cover the other expenses and profits for the developer. This comes up to about $366 psf. An estimated launch price will sum up to be $1,587.

These are estimate prices which depend on the variability of the land price. The developer will likewise do their focused market examination and cost in like manner against their rivals keeping in mind the end goal to offer their units. Development costs additionally fluctuate from the $350 psf utilized as a part of our estimation. Luxury condos can cost up to $450 psf to develop, and more extravagant apartment suites can cost essentially higher.