With property prices at a peak, everyone’s on the lookout for better prices. Discounts that developers are hard-pressed to give, with ever-rising land prices and tight deadlines. However, there are always exceptions to be found; and some unit layouts may see dipping prices, as developers hurry to clear out the remaining units.
Note that for the above table, only developments with at least 6 months of transaction history from its first sale is recorded and this period does not fall within the 2nd half of 2021. Midtown Modern, for example, rose all the way from $2,927 psf to $3,211 psf between Q1 and Q2 2021, before settling back to $2,975 psf by end of that year.
Hyll on Holland and One Holland Village Residences have also seen price dips, and we note that both still have significant inventory despite being smaller projects. This could be a consequence of oversaturation , as we explained in this article .