Anaemic sales show up in bottom line

Anaemic sales show up in bottom line
Developers of upmarket homes feeling the pinch as curbs bite
By Gan Yu Jia

UNITS UNSOLD – THE MARQ: Fewer than half the units at The Marq on Paterson Hill, completed last year, have been sold. Developer SC Global has warned of a first-quarter loss of $10 million.

8 NAPIER: The project has 18 unsold units out of 46. HSR Property Group’s Mr Donald Han said there were only 17 or 18 high-end property transactions in January.

TWO recent corporate announcements by luxury developers SC Global Developments and Ho Bee Investment have highlighted how the high-end residential market has almost ground to a halt.
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