10 Aug '17, 5am

GuocoLand cuts back unit releases at Martin Modern

The developer plans to increase the selling price of Martin Modern in 2018. Believing that private home prices will increase, property developer GuocoLand trimmed the number of units offered for sale at its luxury condominium Martin Modern in Martin Place, reported the Straits Times . It noted that 110 out of the 450 units at the project have already been sold about two weeks following its launch, with the average selling price ranging from $2,009 psf to more than $2,500 psf. GuocoLand also revealed plans to increase the selling price in 2018. SEE ALSO: Property prices to increase by up to 10% “We’ve already started to moderate the releases… you want to achieve a good start so there is confidence in the project, I think we already achieved that. We should not be selling too much too fast,” said GuocoLand (Singapore) group managing director Cheng Hsing Yao. Other developers...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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