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Thread: Panorama raise prices wef today??

  1. #1

    Unhappy Panorama raise prices wef today??

    Any agent friends know of this news? Is this real? Was wondering why wheel lock make such a move especially in this soft market if this is really true.....



  2. #2

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    From where/who u heard it from?
    Panorama sales seems to have been picking up these few mths since Apr.
    Number of units sold based on URA data:-
    21 in Aug (despite being 7th mth)
    32 in Jul (>1100 units sold in Highpark)
    25 in Jun (despite being sch holiday)
    44 in May (spillover effects?)
    39 in Apr (Northpark and Botanique launched)
    14 in Mar ; 15 in Feb ; 9 in Jan
    Alternatively, the developer and/or the marketing agency must be doing something right that saw its sales increased recently. With 202 unsold units to go (not including Sep sales), if the current momentum maintains, this development may probably sell out within a year, way before its TOP. If it materialises, then it's possible that Wheelock may raise prices for Panorama. Anyway, the market practice is that some developers may up the prices of the last few units of their developments before they sell out. By the way, I am not an agent.



  3. #3
    Join Date
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    Default

    Indeed so. Very slight increase though, and only some units.



  4. #4

    Default

    Quote Originally Posted by august View Post
    Indeed so. Very slight increase though, and only some units.
    Yes, the increase is about $2 k to $ 3 k.



  5. #5

    Default

    Quote Originally Posted by MrTan View Post
    From where/who u heard it from?
    Panorama sales seems to have been picking up these few mths since Apr.
    Number of units sold based on URA data:-
    21 in Aug (despite being 7th mth)
    32 in Jul (>1100 units sold in Highpark)
    25 in Jun (despite being sch holiday)
    44 in May (spillover effects?)
    39 in Apr (Northpark and Botanique launched)
    14 in Mar ; 15 in Feb ; 9 in Jan
    Alternatively, the developer and/or the marketing agency must be doing something right that saw its sales increased recently. With 202 unsold units to go (not including Sep sales), if the current momentum maintains, this development may probably sell out within a year, way before its TOP. If it materialises, then it's possible that Wheelock may raise prices for Panorama. Anyway, the market practice is that some developers may up the prices of the last few units of their developments before they sell out. By the way, I am not an agent.
    I heard it from an agent. Ya, looks like wheellock is on the right track on the sales of pana.



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