10-02-2018, 09:27 AM
(09-02-2018, 10:45 PM)bargainhunter Wrote: i think your numbers are very conservative. your estimate of total costs is $365 + $120 = $485. There are developers who sold their projects at an average of $500psf above their land cost and still make some profit. i think the total cost is significantly lower.
"Let's assume the construction and miscellaneous cost to be $365psf, then the breakeven cost for the project would be $880psf."