SINGAPORE : Singapore property prices have been coming down in line with the economic slowdown.
But at least one developer is going a step further to attract homebuyers.
Yi Kai Development and Fission Group, joint developers of the 293-unit condominium Alexis@Alexandra, are offering discounts of 28 per cent to pull in the crowds.
And the move appears to be paying off as potential homebuyers flocked to the opening of the development near Queenstown MRT.
The development includes 100 studio apartments, priced at about S$450,000 each. Two-bedroom units cost approximately S$660,000.
That is not an issue for some buyers as they snapped up several units at one go. But others are taking a more cautious approach.
"I think the property market is really messy now. What if I regret it later? I'll wait till things calm down. If there are leftover units, I'll buy if I really like it," said one member of the public.Source: Channel News Asia - 12 Feb 2009