One of Aurea’s heavily marketed selling points is that units start from below $2 million. That’s interesting for a centrally located condo for sure; but those competitive numbers refer to two-bedders or smaller. For family buyers, we think a more comprehensive review of pricing is in order, especially for three-bedder or larger units. In this article, we will compare prices between Aurea and similar projects, to see if it’s as competitively priced as advertised. Let’s compare it to equivalent developments in District 7, to see if it’s a value buy:
Indicative prices
| Unit type |
No. of units |
% of unit mix |
Approx. unit size (sqft) |
Starting prices |
| 2 Bedroom |
84 |
44.70% |
635 |
$1,898,000 |
| 646 |
$1,898,815 |
| 710 |
$1,932,390 |
| 3 Bedroom |
28 |
14.90% |
1,001 |
$2,831,010 |
| 4 Bedroom |
56 |
29.80% |
1,442 |
$4,080,510 |
| 1,798 |
$5,186,105 |
| 5 Bedroom |
18 |
9.60% |
2,863 |
– |
| 3,251 |
– |
| Penthouse |
2 |
1% |
5,608 |
– |
| 8,816 |
– |
Based on the indicative prices above, the starting $PSF ranges from around $2,722 to $2,989, with the average being approximately $2,856.
Average $PSF of recent launches (99-year leasehold)
| Project |
District |
No. of units |
Lowest $PSF |
Highest $PSF |
Average $PSF |
| Chuan Park |
19 |
916 |
$2,269 |
$2,765 |
$2,588 |
| Elta |
5 |
501 |
$2,200 |
$2,881 |
$2,541 |
| Emerald |
...
