This one seemed very worked up.
Nowhere was there a mention of a 50% correction,
Don’t know what’s TJP’s problem.
Did Florence decrease price? I check the transaction still hovers betw 14xx to 16xxpsf leh? (Due to different unit facing type i Guess?)
For WLR, the acceptable price tag should be around 17xxpsf to 19xxpsf. (Judging from park colonial transaction history). This is becoz SKG is already priced at 17xxpsf (which I feel is abit overpriced) and is on the same NEL mrt line, so WLR (which is nearer to city) should logically be priced above SKG.
For WLR, (even if after 10% discount was offered for premium/big size lake facing units), anything above 2kpsf for big size unit, imo is still not worth buying. Cos quantum will be quite high. That’s y we didn’t quite see any lake facing 4 bedder transacting at all. Thus, only the 17xxpsf/18xxpsf road facing small size units are moving only.
Garden from start till now already not a lot of pple buying due to its so-so location. In other words, whether got discount or not doesn’t make much difference cos units are still moving very slowly despite some price reduction offered by developer.
So In summary, sometimes even if there’s some discount offered by developer, units may still not be moving.
Whereas for projects like Parc esta, Stirling, riverfront, even w/o discount, units are still seeing healthy sales.
Thus, It’s all about pricing it right at different locations.