Originally Posted by
sabian
According to Bank of America/Merrill Lynch, a preview of Silversea on Amber Road held by the Far East Organisation last weekend drew a tepid response. Merrill attributed the less than 20% sold of the launched units to pricing. At $1,300 psf without a sea view, and $1,600 psf with a sea view, buyers just weren’t interested. Merrill’s report also states that CapitaLand re-launched its 127-unit Latitude project in River Valley on Thursday. “Prices ranged between $1,600-1,900psf and by Sunday afternoon, less than 20 units have been sold,” the report stated.
The Edge Online.