Dunearn House Pricing

Pricing Insights: Estimates, Payment Structures, and Economic Considerations

Pricing for Dunearn House Condo is indicative, pending official release, but informed by land costs and comparable projects.

• The land acquisition at S$1,410 per square foot per plot ratio suggests a break-even point around S$2,500 to 2,700 per square foot, with launch prices projected at S$2,800 to 3,200 per square foot.
• Average per square foot estimates stand at approximately S$2,558, based on analyses of similar District 11 launches.
• Unit price ranges are anticipated as follows: one-bedroom from S$1.35 million to S$1.7 million, two-bedroom from S$1.9 million to S$2.4 million, three-bedroom from S$2.8 million to S$3.8 million, and four-bedroom from S$4.0 million to S$6.0 million.
• The progressive payment scheme structures payments to ease financial burden: 5 percent booking fee on day zero, 15 percent upon sales and purchase agreement signing within two to three weeks, 10 percent upon foundation completion at six months, 10 percent for reinforced concrete works at 12 months, 5 percent for brick walls and partitions at 18 months, 5 percent for roof, wiring, and plaster at 24 months, 5 percent for car parks, roads, and drainage at 30 months, 25 percent at Temporary Occupation Permit at 36 months, and 15 percent at legal completion at 48 months.
• Mortgage examples for a S$1.13 million loan at 2 percent interest and 75 percent loan-to-value ratio yield monthly payments of S$4,158, comprising S$2,283 principal and S$1,875 interest, with a downpayment of S$375,000.
• Central Provident Fund usage permits contributions toward the downpayment (beyond the mandatory 5 percent cash), stamp duties, and repayments, subject to withdrawal limits.
• Total Debt Servicing Ratio caps require monthly debt obligations not to exceed 55 percent of gross income, influencing affordability assessments.
• Investment considerations include rental yields of 3 to 4 percent, driven by expatriate demand in Bukit Timah, and annual capital appreciation potential of 6 to 8 percent based on historical district trends.

These pricing elements reflect competitive positioning, with developer incentives such as early-bird discounts likely available to stimulate initial sales.

The estimated pricing for Dunearn House will be out soon. Please register with us if you are keen to know more!