Totally agree with your comments. In fact, at $1,7xx PSF, comparing Gardens with Tre Ver, Tre Ver is more worth it. Considering that
Tre Ver is city fringe, and selling at like $100 to $1,50 PSF less than Gardens, Tre Ver seems the more worthwhile one. Maybe that's why over 70% sold. Buyers are not stupid.
Gardens should cut price if they want to move sales. Unless they are waiting for Affinity to sell out, and then hope that those who want to buy around there will look at them. But it was crazy to bid that kind of pricing for the land there in the first place. Not realistic.
Woodleigh and Park Colonial land cost actually the same (in fact Park Colonial is slightly higher), but Woodleigh has to build the interchange too, so guess that brought their costs up. So now we have another case of really unrealistic pricing. At that level, can go and buy Stirling and got change left over.
For Gazania and Lilium, the pricing is also too high for District 19. Don't think buyers can accept over $2K PSF yet, even for freehold for this location. Perhaps in 5 years time. Maybe they looked at Woodleigh pricing, and thought that was the norm!! Hope that when SingHaiyi launches Parc Clematis, they will learn from this experience and cut their margin to set a more acceptable price range. Their land cost wasn't very cheap, but it wasn't terribly high either, so do-able. There are a lot more units to sell at
Parc Clematis too, and seems they have already delayed the launch a bit. But they got one advantage at the moment. Now that Normanton Park is not allowed to sell yet, at least they have less competition, and those looking at Normanton Park might come over to Parc Clematis instead.