Kepland withholds launching of remaining units at The Luxurie
What could be the reason behind?
KepLand has withheld the launch of the remaining 322 units at The Luxurie in Sengkang.
According to KimEng, it reckons that management could be waiting for the adjoining site to be made available on the Confirmed List in April and make a bid for it.
“If successful, KepLand can dictate the near-term supply and pricing in the vicinity. If not, then the winning bid is likely to result in a project with a higher breakeven than that of The Luxurie, mitigating its own risks,” said Wilson Liew of KimEng.