YSL - Young, Single & Loaded

Asia is starting to market 'lifestyle' the way say Vancouver markets its real estate.    Recently in the SINGAPORE STRAITS TIMES headline titled "Hunk Sells Condos" screamed at us.     We learned a new anacronym from Asia that we will use - YSL - Young, single and loaded!!     

Hunk sells condo lifestyle

A hunk dressed in only boxer shorts and a bowtie smiles suggestively in the newspaper advertisement, while holding a frying pan.

In another ad, a scantily clad woman is applying make-up in the middle of a busy street.

Now, if you couldn't guess these were ads plugging condominiums, that's just fine by the developers - they probably don't want you in their showflats anyway.

High-end condominium projects are doing away with traditional advertising in favour of these eye-catching alternatives.

Unlike conventional condo ads, those for Heeton's DLV in Dalvey Road, SCGlobal's Thre3 Thr3e Robin in Robin Road and Far East Organization's Icon in Tanjong Pagar won't tell you how much a unit costs, what facilities the condos offer or what schools are nearby.

All you get is a small location map and a phone number to call.

This form of subtle advertising, developers and advertising agencies say, helps separate the wheat from the chaff.

'We are targeting only the YSL - people who are young, single and loaded. The kind of people who can understand and respond to this sort of ad are the ones we want,' said Heeton general manager Anthony Poon.

Launched last month, the 25-unit freehold DLV in Bukit Timah is built on the site of the old Chinese Embassy. Flats ranging from 667 sq ft studio units to 3,714 sq ft penthouses cost between $743,400 and $2,786,299.

Other developers have also deployed lifestyle-themed campaigns. For its upmarket development, Icon, Far East Organization posted ads featuring lingerie-clad models putting on make-up or lying in bed in the middle of a busy sidewalk. SCGlobal's Thre3 Thr3e Robin used pictures of a kitchen strewn with toys, set up like an office or blanketed with roses.

But do these campaigns work?

The developers say yes.

SCGlobal reported that almost 95 per cent of enquiries for Thre3 Thr3e Robin were in the targeted affluent 30-something category. Since its launch in May, almost half of the 36 units, priced at an average $1,500 per sq ft, have been sold - figures SCGlobal is happy with.

Said managing director (developments) Leong Weng Chee: 'For a small niche development... what's most important is getting the right kind of people in.'

Property analyst Tay Kah Poh agreed that while selling a lifestyle generates interest, 'you still need things like location and price'.

But the ads did get at least one buyer into the showflat.

Mr Robert Meyer, 31, a director of an automotive company, bought a 1,700 sq ft unit in Thre3 Thr3e Robin.

He said: 'It was the ad with the open kitchen that got me to go to the showflat. Only then did all other factors like price take over.'    - By Jeremy Au Yong        SINGAPORE STRAITS TIMES    14 Nov 2004


 


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