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Developer cools price in response to cooling measures

The developer of The Tre Ver condominium in Potong Pasir plans to offer significant discounts to attract home buyers amidst the new property cooling measures.

“In the vicinity, we know that projects have achieved an overall average of around $1,750 psf. If not for the recent curbs, we would have priced this project at around this level. We are now giving a discount of more than 10 percent for our Phase 1 launch,” said Jesline Goh, senior general manager for asset management and marketing at UOL, which is jointly developing the project with SingLand.

Set to be completed by 2022, the 729-unit private residential project located near Potong Pasir MRT station will feature one- to four-bedroom units spread across nine blocks. Unit sizes range from 484 sq ft to 1,378 sq ft, while prices are between $738,000 and $2.08 million.

– July 26, 2018

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