Bukit Sembawang's price cut at 8 St Thomas has some agents in a tizzy

Singapore

AMID slow sales of new homes, an unlikely discounter has emerged, with price cuts of up S$500,000.

Bukit Sembawang Estate, a developer of premium homes and controlled by the Lee clan of OCBC fame, has been promoting its discounts discreetly for 8 St Thomas, a freehold development with 250 units in District 9. The Lee family owns over 40 per cent of listed Bukit Sembawang.