Pollux Properties

[yawnyawn]

Haha.. maybe a tad on high side, but maybe its cos I assumed $5,500 psf ASP and $1,060 psf cost for shops (15,883 sf) and $1,400 psf ASP and $990 psf cost for resi (18,293 sf), I arrived at total of over $76m total gross profit, so half share is $38m. Ok, maybe a bit too optimistic... $30m could be achievable.

I read shop spaces went for $4,000+ to $8,000+ psf, so $5,500 psf ASP shd be ok?

If $5,500 psf and $1,400 psf are ok ASP for shops and resi then prob $36m is doable?

Hi revelationofpyramids,

may i ask how did you get gfa 15,883 sqft for commercial and 18,293 sqft for residential.

Acquisition of 345 Geylang Road

From SGX Annx, i see that the land area is 1,350.2 sqm which is 14,533 sqft.

Residential = 7430 sqft x 3.0 plot ratio = 22,290 sqft

Commerical = 7104 sqft x 2.8 plot ratio = 19,891 sqft

Do correct me if my calculations are wrong. Thanks!