City Developments Limited (CDL) is giving 5% discount for selected units at Livia, a mass-market condominum in Paris Ris.
July 2008 - $650 psf, 340 sold out of 360 units.
Feb 2009 - $620 psf, discounted price for 60 units.
However, there are still 384 units remained unsold. This is a 99-year leashold project.
A three-bedroom unit at Livia will now cost:
July 2008 - $752,000
Feb 2009 - $793,000
It's more likely the developers will roll out more competitive pricing marketing strategy.
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