23-02-2016, 11:55 PM
(This post was last modified: 23-02-2016, 11:58 PM by CY09.
Edit Reason: Edits
)
Comparing price per plot ratio, CES got it only 3.6% cheaper than what Keppel Land paid for The glades (nearby plot at Tanah merah).
With Keppel having pulled all the stops to sell The Glades and only sold 56% of units, I wonder if CES is really smart in buying it. The profit margins will be thinner than that of Keppel Land, given ppty prices have fallen at least 5% since then
With Keppel having pulled all the stops to sell The Glades and only sold 56% of units, I wonder if CES is really smart in buying it. The profit margins will be thinner than that of Keppel Land, given ppty prices have fallen at least 5% since then