Breaking Down The Cost Of Property Development: How This Affects You

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There’s a common misconception today that property developers are the cause of higher property prices in Singapore. After all, it seems obvious that developer pricing is the main factor in a condo’s cost. Perhaps that may have been true in the earlier years when developers were making bank with 40 or even 50 per cent margins.

In reality though, developer margins are far thinner than most of us imagine; and Covid-19 is putting the screws on an already struggling industry. In this video, we uncover what’s happening behind the scenes.

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Chapters:
0:00 - Intro
0:46 - Costs To Build The Property
3:07 - Costs To Top-Up The Lease
4:37 - Development Charge
7:55 - Construction Costs
8:42 - Developer Margins
10:06 - The ABSD
10:40 - How This Matters To Home Owners
12:20 - Outro

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Stacked is an online editorial aimed at helping Singapore home buyers, sellers, and renters make better decisions. By regularly conducting research and publishing our findings, we hope to give our readers a much better perspective on buying, selling, or renting Singapore real estate.

Editorially independent, our articles are published in-house and do not receive sponsorship. We hope to provide unbiased, reliable content that our readers can use.

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