Without more details, it will be difficult to ascertain what maybe the potential issues. At a glance, I see more than 30 PropertyGuru listings for sale while there were only 24 transactions recorded for the whole of 2020, essentially averaging only 2 transactions each month.
While reducing price is definitely 1 key driver to push for a faster sale, renting out the unit first before selling may also attract investors looking out for investment units. Given that this is a 60years leasehold project from 1997, there is definitely not many good years left to liquidate moving forward.
Why are you looking to liquidate this property if I may ask?
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Perhaps you could share with me more information of your unit? Is it currently bare? Or is it renovated and furnished?
I am experienced and well-versed in both residential and non-residential transactions. I will be able to assist you.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 .
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