02 Aug '18, 5am

Developer discounts follow property curbs

Some home buyers are waiting by the sidelines in anticipation of discounts in upcoming launches . Developers offer some incentives though deep cuts not expected While developers have been offering and may continue to offer some units at lower prices in upcoming property launches, the price-cuts are not expected to be deep. The high prices which developers have paid for land sites in the past couple of years may mean that they are unable to or unwilling to lower their prices too drastically. Daintree Residences , one of the first launches after the new property cooling measures were implemented last month, offered a 5% discount on the 80 units offered up for sale at the launch. 50 of the units were sold at the launch over the weekend, a positive response considering the slower sales prior to the weekend. Park Suites Parksuites at Holland Grove Road also offered an additiona...

Full article: https://www.iproperty.com.sg/news/developer-discounts-fol...

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