08 Feb '13, 4am

[S'PORE PROPERTY NEWS] DEVELOPERS cut prices due to the new cooling measures risk angering buyers who bought earlier:

CapitaLand projects such as The Interlace at Alexandra Road (above) have slashed prices by an additional 10 per cent, while d'Leedon in the former Farrer Court estate offered discounts of up to 15 per cent for some units. -- PHOTOS: FILE, SEAH KWANG PENG DEVELOPERS who have been cutting prices following the new cooling measures risk angering buyers who bought at the earlier levels, say experts. But developers claim that the recent discounting does not necessarily disadvantage early buyers. Property experts say some buyers who have just shelled out on a new home will inevitably be unhappy when they see units at the same development suddenly going cheaper. An industry player, who declined to be named, said price cuts are a sensitive issue and unhappiness with the developer can be expected with some buyers "banging tables". "But you can't expect the best deal all the time, es...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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