06/08/2021
At $21xxpsf would you rather by a unit in Pasir Ris (OCR) or Woodleigh (RCR)?
Panic Buying? Frenzy Buying? FOMO?
6x price increased on launch day, if you were lucky enough to get a ballot queue ticket, and there were still choice units available, would you still commit to a unit if prices had increased by $360k?
What exactly happened over the last weekend with the successful launch of integrated development Pasir Ris 8, with 88% SOLD!
Prices had started at about $1,400 psf on the morning of July 24. The developer is said to have increased prices six times throughout the day.
A two-bedroom, ninth-floor unit of 710 sq ft with an indicative selling price of $1.145 million ($1,613 psf) at 9am was eventually sold for 31.3% higher at $1.503 million ($2,116 psf) at 10.30pm.