Perfect Ten's pricing shows early buyers don't always get the best deals
Early-bird buyers don't pay more when prices go up, so don't expect refunds in a downtrend: observers
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PROMOTIONS for early-bird buyers and subsequent "star buy" units at Perfect Ten are again drawing attention to the grey area of how developers price - and discount - their private residential projects.
Analysts, consultants and lawyers The Business Times spoke to expressed mixed views on the issues. For one thing, when a developer announces a "one-time" discount, is it reasonable for buyers to expect that no bigger discounts will be given in the future? Are buyers entitled to partial refunds if prices keep falling?
Also, could there be more clarity and transparency in disclosing the gross and net prices? Will it disadvantage developers commercially to reveal why they are adjusting certain prices?
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