Is the construction cost accurate?

Yes, the construction cost range of $3,000-$3,200 psm for Thomson View en bloc breakeven calculations is accurate and conservative. Current market data as of early 2025 confirms average Singapore construction costs at approximately $3,974-$3,977 psm (US$3,104), the highest in Southeast Asia, driven by skilled labor shortages, tight contractor capacity, and rising material/waste management expenses. EdgeProp analyses incorporate these benchmarks from sources like Turner & Townsend reports, with projections for 3% inflation in 2025 and an additional 5% in 2026, aligning closely with the stated range for high-end residential redevelopment like Thomson View. For site-specific adjustments via EdgeProp's En Bloc Calculator, input the latest GFA and plot ratio details.