NEWS ANALYSIS
When 'one-time' condo discounts are anything but, do buyers have any recourse?
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PROMOTIONS for early-bird buyers and subsequent “star buy” units at Perfect Ten are again drawing attention to the grey area of how property developers price - and discount - their private residential projects.
Analysts, consultants and lawyers The Business Times (BT) spoke to expressed mixed views on the issues.
For one thing, when a developer announces a “one-time” discount, is it reasonable for buyers to expect that no bigger discounts will be given in the future? Are buyers entitled to partial refunds if prices keep falling?
