Lumina Grand Pricing

What are the sale prices for units at Lumina Grand?

Lumina Grand has an average price of $1,399 psf, with prices ranging from $1,157 psf to $1,450 psf.

Unit TypeSize (sqft)Price FromUnits Available
3 Bedroom936-1109TBA104
3 Bedroom Premium969-1173TBA202
4 Bedroom1141-1453TBA155
5 Bedroom1496-1711TBA51

GLS Tender of Bukit Batok West Ave 5 EC Site

RankingName of TendererTendered Sale Price ($)
1CDL Zenith Pte. Ltd.336,068,000.00
2Sim Lian Land Pte Ltd & Sim Lian Development Pte Ltd335,508,000.00
3Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.332,526,222.00
4CNQC-OS (3) Pte Ltd and Santarli Realty Pte Ltd331,001,000.00

CDL emerged top bidder for the tender of the EC site at Bukit Batok West Ave 5, beating other reputable real estate developers such as Sim Lian. Read here to find out more.

Lumina Grand Estimated Launch Price/Indicative Price

The Reserve Residencespsf ($)
Land Cost626
Construction Cost450
Expense and Profit Margin323
Estimated Launch Price1399

Kindly take note the above is merely an Indicative Price. It is not the final Selling Price. 

How is the launch price estimated?

CDL build houses and sell them as their business, and they need to generate profits for their shareholders as well. In estimated the launch price for Lumina Grand EC, we need to consider the costs, expenses and the profit margin, before we can arrive at the selling price.

Land Cost

As mentioned above, the land was acquired through the GLS tender at $625 psf ppr. That will comprise the main bulk of the total costs.

Construction Cost

Generally, the construction costs for an executive condominium like Lumina Grand is about $450 psf in 2024.

Expense and Profit Margin

Construction cost + Land Cost = Base Cost
Base Cost = $626 psf + $450 psf = $1076 psf

Once we have the base cost, we can now calculate the expense and profit margin, which is about 30% of the base cost.

Expense and Profit Margin = 40% x $1076 psf = $323 psf

The expense and profit margin will mainly covers

  1. administrative expenses such as staffing
  2. sales and marketing expenses such as the agency commissions
  3. finance costs that need to be paid to financial institutions
  4. profit margin which is the profit the developer makes for the development

With all the costs and expenses covered, we can now estimate the launch price to be about $1,399. However, kindly take note that the price psf will vary too depending on the size of the unit etc. Generally, a smaller size unit will have a higher psf as compared to a bigger size unit.

(All prices for Lumina Grand displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any pricing inaccuracies, omissions and/or dispute.)

20-04-2024: #07-13 Sold!

19-04-2024: #05-10, #08-18 Sold!

12-04-2024: #04-17 Sold!

09-04-2024: #11-10 Sold!

08-04-2024: #06-14, #10-35 Sold!

06-04-2024: #03-17 Sold!

05-04-2024: #04-38 Sold!

04-04-2024: #02-22, #01-34 Sold!

30-03-2024: #09-13 Sold!

29-03-2024: #05-15 Sold!

28-03-2024: #13-18, #04-05, #01-21 Sold!

25-03-2024: #13-15, #10-13, #10-18, #01-32, #11-35 Sold!

22-03-2024: #02-06 Sold!

21-03-2024: #05-39 Sold!

20-03-2024: #06-09 Sold!

17-03-2024: #01-20, #03-32, #13-24 Sold!

14-03-2024: #04-19 Sold!

12-03-2024: #13-23 Sold!

09-03-2024: #04-19, #10-36, #02-20 Sold!

03-03-2024: #05-38, #11-16, #03-22 Sold!

02-03-2024: #13-22, #08-15, #01-28, #06-39, #11-13, #10-09, #03-26, #13-09, #11-31, #07-39, #10-39, #04-19, #05-06, #06-15, #01-23, #06-28, #03-19, #12-13, #09-28, #08-31, #03-25, #12-28 Sold!

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