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If you allowed around $180 to $190k per town house then it should be sufficient. You may also want to put in a 3% escalation rate for inflation.

We recently won a tender to build 104 townhouses. These are upmarket luxury townhouses. Our stage one price which consists of 13 townhouses was around $192k per dwelling (average cost). However, these town houses where 185 and 205 sqm in size. Generally, the per sqm rate on smaller units...