You have mentioned that you are pricing it at market price and unit has been in the market for 1 year. If the unit itself is not affected by the ethnic ratio restrictions, then perhaps the marketing and positioning done is fundamentally wrong and seriously requires analysis on the situation before you re-embark on marketing the property.
If it is due to ethnic ratio restrictions, then there is little choice but to wait out for the right offer if you are not prepared to sell below the market norms, as the next buyer who comes in will be likely affected by the ethic ratio limitations in future should there be no change to this regulations. The alternative can be to appeal to the authorities for you to sell the apartment without the restrictions.
I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
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