The Crest relaunched with prices 5% to 10% lower

Singapore

DEVELOPERS of The Crest, a 99-year leasehold project in Prince Charles Crescent launched in June, have re-opened the showflat, tagging the units at prices said to be 5 to 10 per cent lower than earlier.

This follows sluggish sales since June. About 50 of the 469 units have been sold at a median price slightly above S$1,800, based on data on developers' sales from the Urban Redevelopment Authority (URA).

A one-bedder between 614 and 775 sq ft now starts at S$980,000, and a two-bedroom unit, at S$1.28 million, said marketing agents of the project. A standard three-bedder starts at…