What is the estimated breakeven for the Toa Payoh GLS

For the Government Land Sales (GLS) site at Lorong 1 Toa Payoh, the estimated breakeven price is around $2,300 to $2,480 per square foot per plot ratio (psf ppr). This estimate is based on the top bid of $968 million, which translates to a land rate of $1,360 psf ppr. The future launch prices of the condominium units developed on this site are expected to be higher than the existing median transacted prices in the area, reflecting the upward pressure on property prices due to the high land costs.