Tulip Garden priced at $650m

Freehold condominium project, Tulip Garden, is up for collective sale with a minimum price tag of about $1,250 psf ppr.

According to DBS, Tulip Garden is a freehold condominium project along Farrer Rd and it is zoned for residential use with a current plot ratio of 1.6425x. This is higher than the allowable plot ratio of 1.6. Inclusive of an additional 10 per cent balcony GFA, the new development with a GFA of 557,404sf can house 400 apartments with an average size of 1,325sf.

DBS said that the asking land price looks optimistic. Based on $1250psf of land cost, we estimate breakeven cost to be around $1850-1950psf of saleable area and selling price would likely have to be in the $2100-2200psf, assuming a 10-15% development margin. This is higher than the recently launched 99-year leasehold d'Leedon, which units were sold at an average of $1680psf.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia