Amid another round of cooling measures, Singaporean developers are luring buyers with discounts on their completed penthouse units. Savills Singapore reported that City Developments Limited has offered five percent discount on some of its completed penthouses including units at Shelford Suites, a 77 unit exclusive freehold condominium development on Shelford Road;
Wilkie Studio, a contemporary freehold development in the popular District 9; and The Glyndebourne, a 150 unit freehold condominium development on Trevose Crescent. Prices start at S$2.9 million (US$2.3 million) after discount.
Meanwhile, Hiap Hoe is offering 28 percent discount for four penthouses at Skyline 360, translating to S$9 million to S$12.3 million (US$7.1 million to US$9.7 million). The freehold condominium project is conveniently located close to Somerset MRT station and the Orchard shopping belt. The units are serviced by private lifts and fitted with high quality materials including marble and timber floors, and full height, sliding window and door panels. The development offer expansive views over Orchard Road and Marina Bay.
25 percent discount is also offered by Hiap Hoe’s Signature at Lewis which comprise two- to four-bedroom penthouses. Prices are estimated at S$1,500 (US$1,184) per square feet, or between S$4.6 million to S$5.2 million (US$3.6 million to US$4.1 million).
Source – PropertyReport – 3 Jul 2013