Originally Posted by
HP65
Developer is trying to get some min units cleared so that they can continue with more work. As it is, they have already started work for some time now but despite the strength of this developer, they want to sell off some units (smaller units easier to sell). Once they reached the threshold, they can then slowly sell the other bigger units at higher psf. Afterall, developer paid quite a fair bit to enbloc it ($880 psf). Too expensive imo.
I went for the preview last year and told my agent that px has to come down. I was not prepared to give them back my profits and top up double to get back a unit here. Considering that they now factor in so much more useless airspace (double volume bedroom last I heard), I think it should be no more than $1000 psf before its really worth it to buy. If the design is efficient, I think ave $1200 psf is good entry.