Beside Zyanya - Bukit Timah Perfect Ten apartment project hangs 5% discount between cooling measures

Beside Zyanza - The luxury full-ownership development of 230 Perfect Ten apartments, scheduled to hit the market this Sunday (December 19), is currently offering buyers a one-time, 5% discount on... release weekend.

The project's developer, Hong Kong-based CK Asset Holdings, will proceed ahead of the initial launch date, just days after new property curbs were rolled out on Thursday (December 16). ) to cool down the housing market.

Francis Wong, Director of Real Estate Business Development (Singapore), a member of CK Asset, said in a press release that the company decided to reduce the price as a way of appreciating the support from people potential buyers and "as a means to facilitate their decisions based on new cooling measures".

Zyanza Condo, Wong noted that there has been strong interest from many potential buyers since the sales showroom opened to the public for preview on December 8.

The developer also announced the selling prices of 10 apartments at Perfect Ten on Thursday. Their prices per square foot (psf) range from S$3,200 to S$3,618 before the discount, which works out to about S$3,040 to SG$3,437 after the discount is applied.

Out of these 10 units, the pre-discounted price of two-bedroom apartments ranges from nearly S$2.5 million to about S$2.9 million. And the pre-discount price of the three-bedroom apartment ranges from nearly S$4 million to about S$4.4 million.

Wong said that Perfect Ten, located along Bukit Timah Road, has unique properties and values that attract buyers including Singapore citizens, permanent residents (PR) and foreigners. "For this reason, the offer is available to all buyers, but only once this weekend," he added.

Perfect Ten, which is expected to receive a temporary residence permit in November 2025, has its own "crystal sky" elevator. Wong on December 7 said the majority of buyers for the District 10 project could come from Singapore, although it could also attract seasoned investors and buyers from Hong Kong, China and the Southeast.

Property analysts told The Business Times that the latest package of cooling measures, including a higher additional stamp duty rate, is expected to reduce investment demand, especially for properties. luxury home. Foreign buyers, candidates and developers in the bloc can also feel the pain deeply. Singaporeans who buy a home for the first time and have PR may be least affected.

Besides Perfect Ten, another new project was originally scheduled to launch this weekend. Zyanza, Boldtek Holdings' 34 freelance apartments in Geylang, was originally set to start booking on Saturday (December 18), but it has instead rescheduled its launch to Thursday (December 16)

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