23 May '16, 2am

Stars of Kovan: Lower than average indicative prices #SingaporeProperty #RealEstate

60 units of private condominium project Stars of Kovan have been at an average price of S$1,408 per square foot - lower than the average pricing that it had indicated ahead of the VIP pre-sale over the weekend. The one-bedroom to three-bedroom units ranged between S$1,227 and S$1,554 psf. The Stars of Kovan units were priced from S$666,400 to S$1,412,600. The average per square foot price for the leasehold project is below the figure that was released by Cheung Kong on Friday - S$1,417 after factoring in a VIP discount package and a mark-down from an earlier indicative average of between S$1,550 and S$1,600. Under current regulations, developers are not required to disclose actual prices of the released units until balloting day, but they will usually provide indicative prices before the launch. Over 70 per cent of the Stars of Kovan buyers were upgraders while the remaind...

Full article: http://www.srx.com.sg/singapore-property-news/19242/stars...

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