The 99-year leasehold private housing site that Parc Botania stands on has fetched 14 bids at a state tender that closed last year. The top bid of was S$287.1 million was from the joint venture of Sing Development and Wee Hur Development, which works out to S$517.03 per square foot per plot ratio (psf ppr). And it is expected that Official Selling Price of Parc Botannia will be a low quantum of 2017.

Parc Botania Selling Price

And According to Mr. Nicholas Mak, Executive Director and Head of Research & Consultancy at SLP International Property Consultants, the estimated breakeven price ranges for Parc Botannia @ Sengkang will be around S$980 psf to S$1,030 psf. From late-2017 to early-2018, the official price can be set at above S$1,100 psf, he added.

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