Discounts, rebates at Ardmore Three draw buyers
By Tan Chee Yuen / The Edge Property | April 29, 2016 11:14 AM MYT
Tags: Done DealsArdmore Three
A 1,776 sq ft unit on the 11th floor of Ardmore Three was sold for $5.60 million, which translates to $3,152 psf, according to a caveat lodged on April 15. Based on caveats lodged, this brings the latest tally of units sold to eight out of 84 in the freehold luxury condominium tower by developer Wheelock Properties, at an average transacted price of $3,329 psf.
However on April 13, the developer started offering buyers a 15% discount and a 15% ABSD rebate under the “ABSD assistance package” to offset the additional buyer’s stamp duty. This means the effective purchase price of units will be from $4.54 million or $2,540 psf. According to marketing agents, the offer only applies to units from the 9th to the 20th floors, and will be for a limited period only.
Word on the street is that there has been a flurry of sales since this special offer was made a fortnight ago, and it will be evident in the caveats lodged in subsequent weeks.
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