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Old 28-07-2019, 06:55 PM   #1561
momoeagle
Senior Member
 
Join Date: Nov 2007
Posts: 1,311
Developer willing to sell at a certain price, buyers willing to buy at the price they set, this should be considered good pricing instead of under priced right? I am sure the developer did their homework, they factor in the margin they want to make and release their calculated launch price.

I am not sure why it becomes the case that now the sales is lower, it becomes good pricing instead. I think if the pricing is really right, the sales will reflect. Lets not forget that they kept emphasizing this project is the only EC project this year, and it was launched after sometime from the previous EC project. There should be a build up of pool of buyers wanting to get an EC. Still, opening day, no over-subscription, not even for 2nd timers.

Just facts and observations here.
ok la. 2nd timers quota almost filled this round.

But first timer quota quite bad. 133 out of 574. Even without resale levy and potentially 30k grant.

I think this EC is priced to catch 2nd timers, and to set a base to justify the 16xx price for sengkang residences. Really a good strategy.
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