Bukit Sembawang's price cut at 8 St Thomas has some agents in a tizzy AMID slow sales of new homes, an unlikely discounter has emerged, with price cuts of up S$500,000. Bukit Sembawang Estate, a developer of premium homes and controlled by the Lee clan of OCBC fame, has been promoting its discounts discreetly for 8 St Thomas, a freehold development with 250 units in District 9. The Lee family owns...

More mortgagee listings go under hammer but buyers come up empty as sellers refuse to blink Knight Frank says buyers expect greater price reductions in near term due to the impact from the pandemic HIGHLY indebted owners continue to hold out even as more homes go under the hammer amid worsening economic conditions due to the Covid-19 pandemic. Only one property was sold at auction in Q1 2020 as...