With the market languishing, many developers are going through hard time selling their units. YNH is definitely one of them. They are using all sorts of tactics to dispose the stocks in the current block. Definitely good for investors who have cash now. They are now selling the existing blocks with a 45% discount. Supposedly a private deal of 50 units over a 'limited time' but the last I heard, the almost half price deal are still being offered to anyone who knocks at the 'right' door. The 'right door' being almost any agents who get hold of the news. It's surely a desperate moves as not many developer would give such a deep discount at the expense of their earlier buyers (especially the early birds who are probably getting at most 15-20% or lesser? ). Beside the early birds, other batches of buyers after the early birds are probably getting better deals with full furnishing being thrown in.

Am not sure how they are going to launch Block B, as it's going to be ready at the same time as the existing block. With all these desperate moves, it would means any price tags given by YNH for Block B and all its future projects, potential buyers should expect at least 40-50% discount before committing to the purchase.

Anyway, anyone know how is YNH doing overall? Am just afraid if these desperate moves are a telling sign of a company in deep trouble.