With its TOP, Sabana@1TA4 is scheduled for the installation of solar panels in 3Q2024. The development cost of Sabana@1TA4 is approximately $18.0 million, below the previously announced of approximately $20.0 million. This translates into an estimated development cost of $115.3 per sq ft, based on the gross floor area of 156,139 sq ft.
"It is significant that the project has been completed below our initial budget projection, thanks to the disciplined and vigilant project execution. Equally significant, we have been able to fast-track the process and complete the works within a considerably shorter period of time compared to at least 24 months typically required for redevelopments," says Donald Han, CEO of Sabana REIT's manager.
