Developers of The
Crest, a 99-year leasehold project in Prince
Charles Crescent
This follows
sluggish sales since June. About 50 of the 469 units have been sold at a median
price slightly above $1,800, based on data on developers' sales from URA.
A one-bedder
between 614 and 775sqft now starts at $980,000, and a two-bedroom unit, at
$1.28 million. A standard three-bedder starts at $2 million, a four-bedroom
units, at $2.5 million and a five-bedder, at $3 million.
The Crest, about
450m from Redhill MRT station, is located in the Jervois precinct, fringing the
Good Class Bungalows of the Chatsworth and Bishopgate estates.
Its developers
Wing Tai Asia, Metro Australia Holdings and UE E&C had in September 2012
acquired the plot for $516.3 million or $960.28psf ppr.
Under URA Realis
system, 132 units have so far been "launched" to date at The Crest.
But a Wing Tai spokeswoman said the development was still in
"preview" stage, and agents marketing the development are calling it
a "relaunch".
Consultants say
that developers shy away from calling a launch a launch because of recent
dismal showings.
Info source: BT
Potato
Potatoe...
Still won't sell at this price. The Wing Tai stock which is a little ahead of the developer, is predicting a 20% fall in their property sales price.
ReplyDeletehow will earlier buyers feel? I was in that earlier buyer position before in 1996. B_TCH
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