It is doable. We built our house (but a bungalow!) for a similar price. BUT the additional construction costs came on top! We paid 430k for everything. Of that, 130k was the land, 25k the soil replacement, 12k the garage with carport, 230k the house. The rest were incidental costs. Nothing went wrong for us and we didn't have to pay much extra.
Insofar, it can be possible if he does a lot of the interior work himself and can get materials cheaply. He should be clear that it won't be a fun undertaking and absolutely no special wishes are included ... I hope. I would also leave out the garage at first, just plan for the parking space.