Depressed demand has turned out to be good news for potential buyers as they are offered direct discounts by developers.
Attractive offers are being made to potential buyers as developers try to push forth their sales. Some of the attractive offers in the market include cash discounts.
The Glades is offering a $38,000 discount for some units and an $8,000 discount for the rest, as per The Straits Times.
Another 20 units at High Park Residences are being dangled at a discount of $23,888 for two-bedroom units and $33,888 for three- and four-bedders.
Among the most attractive offer on the street is the 7% discount at the recently launched Kingsford Hillview Peak where prices have fallen from $1,381 per sq ft (psf) in Q4 2014 to $1,288 psf in Q4 2015.
In the past too, developers have offered many discounts. However, this year will see more direct discounts due to last year’s regulations which clamped down on “soft” discounts, such as furniture vouchers and rebates reported Channel News Asia.
More information can be found here.
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