However, is the supply more than demand?
In the first place, do you agree with me that any property will eventually sold out if the pricing is attractive?
Since Alex Residences is the nearest new launch condo to ARTRA condo, let us do a comparison between them. For the past few months, the units sold at Alex Residences indicate an average price around $2,000 psf, which is close to some resale condo in River Valley, District 9. Other than the later TOP date, ARTRA seems to be better in overall as compared to Alex Residences.
Will it be too attractive if the developer launch ARTRA at an average price of $1,700 psf?