How Affordable is The Tapestry Price?

Price is always an important criterion so with land acquired before private residential property prices start heating up, will The Tapestry price remain affordable in current uptrend market?

As a sign of an uptrend market, developer CDL recently submitted top bid for Sumang Walk EC at a price that exceeded land they bided back in Apr 2017 for The Tapestry.

So, what will The Tapestry price be?

Home buyers familiar with condo new launches are aware that pricing will be known only on day of launch, i.e. booking day.

However, developer may release an indicative price range for buyers to compute their affordability.

Since date of preview where showflat will be opened for viewing and registration of interest has been confirmed to start on 10 March 2018 without any price indicative, let’s look at some market data as reference.

The Alps Residences, being latest new condo launch and located next to The Tapestry, transacted between $1034 and $1166 per sq foot (psf) since Jan 2018.

As land cost was approximately 17% above that of The Alps Residences, we therefore, can expect The Tapestry price to be higher.

As a quick reference, here’s pricing for The Tapestry, based on assumption that average psf price at $1200, $1250, $1300 and $1350:

Type Size (sq ft) At $1200psf At $1250psf At $1300psf At $1350psf
1-bedroom 448 $537,600 $560,000 $582,400 $604,800
1-bedroom + study 484 $580,800 $605,000 $629,200 $653,400
2-bedroom 615 $738,000 $768,750 $799,500 $830,250
2-bedroom + study 705 $846,000 $881,250 $916,500 $951,750
2-bedroom Premium 717 $860,400 $896,250 $932,100 $967,950
3-bedroom 946 $1,135,200 $1,182,500 $1,229,800 $1,277,100
3-bedroom+Premium+Flexi 1153 $1,383,600 $1,441,250 $1,498,900 $1,556,550
4-bedroom 1455 $1,746,000 $1,818,750 $1,891,500 $,964,250
4-bedroom DK 1519 $1,822,800 $1,898,750 $1,974,700 $2,050,650
5-bedroom DK 1797 $2,156,400 $2,246,250 $2,336,100 $2,425,950

[Latest Update: 9 Mar 2018] Click here for price guide as released by develper.

Quality Homes from CDL

One of CDL’s mission is “We build quality and innovative spaces to house desirable homes, competitive businesses and secure investments”.

From their past residential developments, CDL has earned trust of home buyers, and most of those we talk to often express confidence in them.

There’s always a price for everything, so it’s only logical that quality home will come with premium pricing.

Interested to know The Tapestry price?

While it’s an unknown for now, you can be updated once developer CDL releases an indication of The Tapestry price. Just submit the form below or call/whatsapp developer’s appointed marketing agent at tel no. (65) 96700937.

For full project information of The Tapestry, please click here.

Related Posts to The Tapestry, Tampines Condo by CDL

 

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