SINGAPORE PROPERTY: NEWS ANALYSIS
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Should there be more transparency around pricing at property launches?

Nisha Ramchandani
Published Thu, Sep 30, 2021 · 05:50 AM

Singapore

THE launch of Pasir Ris 8 in July - where feverish demand led to a series of price hikes over the course of a day - raises the question of whether there is a need for greater transparency around pricing to ensure that buyers make well-informed purchasing decisions.

The 487-unit, 99-year leasehold project in the suburbs created waves, thanks in no small part to six upward price revisions in a day.

Some market watchers were confounded as a few units ultimately went for over S$2,000 per square foot (psf) - a pricing more typically at home in prime locations and the central business district.

The average price of the 415 units at the integrated development sold by developers Allgreen Properties and Kerry Properties on launch weekend work…

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