A number of property developers opened their residential showflats to potential buyers over the long Chinese New Year weekend.
Developers in Singapore traditionally close their showflats over the holiday period as sales are likely to be very low. However, this trend is now changing, as more foreigners are purchasing private homes in the country, said market watchers.
Far East Organization (FEO) closed its showflats for a dozen residential projects to walk-in visitors on Thursday and Friday, the first two days of the Chinese New Year.
However, the developer hosted potential buyers who had made appointments.
“Our sales hotline remains open and manned throughout this Lunar New Year holiday period. For customers interested in visiting our show galleries over the public holidays, we are happy to make appointments to host them,” said Chia Boon Kuah, Chief Operating Officer for real estate sales at Far East Organization.
Some of the customers came from overseas markets like China, with the intention of acquiring property in Singapore, said The Business Times. FEO has a sales office in China, allowing customers to make appointments to visit showflats in Singapore with little fuss. The developer also hosted overseas visitors over the holiday period.
City Developments also opened its showflats to potential buyers who had appointments, said The Business Times.