Price trim renews interest in existing projects

By Feily Sofian / The Edge Property | January 15, 2016 10:34 AM MYT

Several developers took advantage of the buying rally in recent launches to move their unsold units. Last November, CapitaLand launched the remaining 182 units at Sky Vue in Bishan and is understood to have offloaded a total of 80 units since.

Separately, Wheelock Properties released an additional 80 units at The Panorama on Ang Mo Kio Avenue 2 in October and November and in turn moved a total of 60 units over both months.

Price trimming was a key factor in driving sales momentum. CapitaLand, for example, is offering a discount of up to $150,000 for the rest of the units at Sky Vue. Unlike many projects where discounts were typically offered for large or less favourable units, the discount at Sky Vue is applicable across unit types.

Meanwhile, the latest units on offer at Sky Vue are located on the 28th floor and above, collectively branded as “The Sky Collection”. CapitaLand refers to them as premium units, where residents can enjoy the panoramic view of the surroundings including Bishan Park. Sky Vue comprises two 37-storey towers with a total of 694 units.

http://www.theedgeproperty.com.sg/co...sting-projects