The asking price for the 100-unit Nassim Road project which was just completed in the first quarter is down to $13 million from April’s $16.25 million on the average according to marketing agents of CB Richard Ellis (CBRE).
Sources said that the luxury development, which was launched in 2008, received temporary occupation permit in April this year and buyers are now ready to move in.
The three remaining units, with each having four rooms, have an average size of 3,477 square feet (sft) and are being sold for $3,738.86 psf.
The project, jointly developed by UOL Group, Kheng Leong and Orix Corp, logged in sales of over 50 units during its soft launch . At that time, these large apartments has prices ranging from about $10 million to a whopping $19.5 million.
Do you know more about this story? Contact us anonymously through this link.