Asked by Frustrated
I asked to be invited to the pre-launch event for phase 4 of Luxus Hills with every intention to make a purchase after being told that the indicative price would be within my budget of $1.9m, and I was I would be. An appointment was made to visit the showflat. However, a day before the appt, I was told by the developer's agent that the price being asked was $2.1m, and only 2 units were left. I declined, even though very disappointed that I was not told that units would be sold even BEFORE the pre-launch! The reason I was given was that blank checks were required to be placed ahead of the queue. Is this even legal? A check at URA's website today gave me another unpleasant surprise. The median price for transactions made in Nov was $1227psf, and since most units were 1615sf, this would indicate that I was given a wrong impression that they were sold at $2.1 when they were more likely sold at between $1.9 to $2m. What is going on??
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