The two biggest items in determining the price of a
condominium are Land Price and Construction Cost. With land price averaging at $700
per square feet per plot ratio and the construction cost approaching $300 per square
feet, the breakeven price is more than $1000 per square feet regardless of the
location of the project. So, with Land Price and Construction Price at these
levels, where do you think the selling price is heading? Would you expect the land price and construction cost to come down, moving forward? If the answers are no, then how would you expect the selling price to drop below $1000 psf.
Selling price of more than
$1000 psf is not unreasonable and will be here to stay.
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| Breakeven Price |
