With cooling measures in place, the marketing is reacting to it and developers are feeling the heat and making an adjustment to counter the impact. So is this a good time for you to go in for the deal?

Condo developers dangle discounts in down market

http://www.srx.com.sg/singapore-property-news/6112/condo-developers-dangle-discounts-in-down-marketDevelopers have adjusted their expectations in a bid to gain some traction amid falling sales, in the wake of cooling measures and stringent financing rules. Take Kingsford Waterbay, a 1,165-unit development in Upper Serangoon that sold 140 homes over the weekend. The average sales price of $1,050 to $1,180 per sq ft (psf) was below an initial expected selling price of $1,200 psf, the project’s developer Kingsford Development told The Straits Times recently. Read more…