Developers get creative to push unsold condos

They partner distributors to offer customers chance to own luxury cars in effort to meet sector rules

A buyer of a unit at Kingsford Waterbay (above) won a BMW as part of a lucky draw, while the developer for Mont Botanik Residence offered $50,000 vouchers for Jaguar cars with every unit purchased.
A buyer of a unit at Kingsford Waterbay (above) won a BMW as part of a lucky draw, while the developer for Mont Botanik Residence offered $50,000 vouchers for Jaguar cars with every unit purchased. PHOTOS: FACEBOOK/ERA PROJECT MARKETING, FACEBOOK/MONT BOTANIK RESIDENCE
Derek Wong
Updated
Jan 25, 2019, 05:53 AM
Published
Jan 25, 2019, 05:00 AM
New: Gift this subscriber-only story to your friends and family

Buying a condominium may just land the purchaser a car as well, or at least a discount for one.

Developers are getting creative in flogging unsold units, with some offering luxury cars in lucky draws and others giving out cash vouchers for such vehicles.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

ST One Digital

 $9.90/month

No contract

ST app access on 1 mobile device

Subscribe now

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.

A version of this article appeared in the print edition of The Straits Times on January 25, 2019, with the headline Developers get creative to push unsold condos. Subscribe

Available for
iPhones and iPads
Available in
Google Play

MCI (P) 066/10/2023. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2024 SPH Media Limited. All rights reserved.

Back to the top