One Bernam price reduced more than 20% and sold 87 units in 3 days! Who say Property Price never come down ?will banks ask borrowers to top up?

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BT report 15 to 27 percent reduction. See below

the reduction is more than 20 %, i heard....
some sold units have been returned to developer.
my question, will banks ask borrowers to top up, Since the price drop more than 20 %.

no need send me lawyer letter..

i get the info from news below, % reduction is my guess
room type..........area.............reduction psf@@..... ##%
1............................715...........611----934.................30
2......................807--872.........455---950...................27
3.....................1421.................427----585.................20

@@ average area taken

## average reduction/ $2585 in

https://www.edgeprop.sg/property-ne...-weekend-promotion-only-three-penthouses-left

Over the weekend of Jan 11 to 12, One Bernam, the mixed-use development with 351 residential units in Tanjong Pagar, offered 87 units for sale at promotional prices.
The 99-year leasehold apartment tower by joint developers MCC Land and Hao Yuan Investment was first launched in May 2021. Based on caveats lodged as at Jan 10, over 75% of the units were sold at an average price of $2,585 psf.
..
..

One-bedroom units ranging from 441 sq ft to 463 sq ft saw price discounts of $323,000 to $438,000.
Meanwhile, the two-bedroom apartments of 700 sq ft to 732 sq ft had price discounts from $437,000 to $668,000. The two-bedroom plus study apartments of 807 sq ft to 872 sq ft saw price discounts ranging from $380,000 to $800,000, while three-bedroom apartments of 1,421 sq ft had discounts ranging from $616,000 to $830,000.

...


https://www.1bernam.com.sg/pricing/

below say down is unlikely

https://stackedhomes.com/editorial/...e-heres-6-factors-why-you-shouldnt/#gs.jpl1rk


https://www.propnex.com/picks-detai...ause-home-prices-are-unlikely-to-drop-in-2023



±++++++++++++++
Updated wed
Quote BT 13 Jan
REALTY and MCC Group dished out discounts ranging from 15 to 27 per cent on their prime downtown condominium project One Bernam over the weekend, selling 87 units in the process at prices from S$1.3 million to S$3.5 million.

With the weekend sales, the 99-year leasehold mixed-use development in Tanjong Pagar that has been on the market since 2021 moved 348 units to date, and cleared 99 per cent of its 351 units.
 
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Acetone

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So small… but vis a vie the Orie, it’s a good price for its location
 

rider83

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the reduction is more than 20 %, i heard....
some sold units have been returned to developer.
my question, will banks ask borrowers to top up, Since the price drop more than 20 %.

no need send me lawyer letter..

i get the info from news below, % reduction is my guess
room type..........area.............reduction psf@@..... ##%
1............................715...........611----934.................30
2......................807--872.........455---950...................27
3.....................1421.................427----585.................20

@@ average area taken

## average reduction/ $2585 in

https://www.edgeprop.sg/property-ne...-weekend-promotion-only-three-penthouses-left

Over the weekend of Jan 11 to 12, One Bernam, the mixed-use development with 351 residential units in Tanjong Pagar, offered 87 units for sale at promotional prices.
The 99-year leasehold apartment tower by joint developers MCC Land and Hao Yuan Investment was first launched in May 2021. Based on caveats lodged as at Jan 10, over 75% of the units were sold at an average price of $2,585 psf.
..
..

One-bedroom units ranging from 441 sq ft to 463 sq ft saw price discounts of $323,000 to $438,000.
Meanwhile, the two-bedroom apartments of 700 sq ft to 732 sq ft had price discounts from $437,000 to $668,000. The two-bedroom plus study apartments of 807 sq ft to 872 sq ft saw price discounts ranging from $380,000 to $800,000, while three-bedroom apartments of 1,421 sq ft had discounts ranging from $616,000 to $830,000.

...


https://www.1bernam.com.sg/pricing/

below say down is unlikely

https://stackedhomes.com/editorial/...e-heres-6-factors-why-you-shouldnt/#gs.jpl1rk


https://www.propnex.com/picks-detai...ause-home-prices-are-unlikely-to-drop-in-2023


U ah…. Stir in property forum now come stir EDMW.

Many property owners and landlords here including myself. Can dont create negative sentiment?
 

maikumgong

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Siao, dont mention CCR or city fringe project here. Even spottishwood not that many winners. People here only look at hdb price only

high end condo not edmwer cup of tea
 
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