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Stars of Kovan launch Prices Cut Down

This condo for sale is located at the junction of two intersecting roads- the Upper Serangoon and Tampines very close to the MRT station in Kovan. It is a mixed development with its attendant promising prospects far and above residential lands. Think about this, a terrace unit in the region of five strata and a ground level totaling 46-all there to compliment the 390 apartment units. Cheung Kong Property Holdings surprised many by reducing the price of each unit in the sale of these Bentley residences. The official unit price per square foot is now pegged at S$1,417 which is billed for sale at the weekend. This is an impressive move that will draw buyers just like the amazing deals at Kingford waterbay.

This drastic drop in the price index is a surprise and a big relief to buyers who had set their minds on the official price list released earlier in the week; a week before the balloting day.

Why this beautiful turn of events? You definitely will want to know. The reason for this drastic cut in price is to entice the buying public into committing their resources. By this singular action, this sale has been elevated to a level in which it can be described as a star of Kovan.

The economic reality of the times that we are in has necessitated several survival strategies in this real estate sector. This is the first time before balloting day that a full list of prices of all the categories of unit on sale is being released in the recent years for a private project of this nature. Few developers can take such a move even though others such as the GEM Residences developer use other strategies to lure buyers.

A cursory look at the prices released show that 47% of the units are below the price index of S$1 million while another 73% are below S$1.4 million. There are 578 units in all that up for grabs.

The developers began the display of the prices for the general public on Friday. A look at the list indicates that the price has gone down by a princely S$54 from the earlier advertised rate.

The smallest in the list is a one- bedder which will cost prospective buyers S$57,800 which sits on a 4.2 sq ft expanse of land. The range of the prices is between S$1,279 to S$1,551psf.

The developers are cork sure that these price regime will attract the targeted VIP buyers who knew the import of buying into a mixed development project in Singapore over a residential parcel of land. Those who buy now will no doubt enjoy comfortable returns in the very near future. Other great deals to watch out for are the Trilive units.

A lot of sacrifice has been made by taking a hefty cut in the prices of these sales. Results will definitely follow in the positive direction for the developers.

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