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Old 28-07-2019, 08:52 AM   #1498
Senior Member
Join Date: Nov 2007
Posts: 1,327
45% for this EC is actually v good and I believe only 6 units of the second timer quota left.

Reason being:
1) Current market whereby buyers have so many other choices
2) Price margin between this EC and some mass market condo like treasures and RF is thin
3) New benchmark in EC prices of $10xx psf up

Why would the developer rush to sell 100% of units in a day only to realize later that they have priced it too attractively.
My take is might be harder to sell more because first timers dont have the buying power of 2nd timers.

Unless more quota is open for 2nd timers, I can't see many first timers young couples affording 1.5 mil and up.

imagine this
quota for 2nd timer 246
239 bought

quota for 1st timer 574
133 bought
only 23% of first timer quota filled.
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