13 October 2015
Last month Jalin Realty launched
a new $84 million project, located in Melbourne, simultaneously in Beijing,
Shanghai, Singapore, Kuala Lumpur and Malaysia.The strategy for the pre-launch
was to create ‘the excitement of auction day’ in each location, and thus
stimulate maximum buyer demand and competition for apartments. Buyers and
agents were invited to live launch events in each city, hosted by Jalin staff.
The Investorist website displayed all project information
(photos, plans, brochures, price lists, reservations updates, videos, etc) on
both large TV screens and computer monitors. A ‘live electronic
sales board’ showed reservations immediately to the entire
audience, so all sales were transparent with the country of origin shown.
The five simultaneous events resulted in reservations
of approximately 30% of the stock, which within a few weeks were converted
into contracted sales. “The auction day hype and excitement definitely
assisted in driving demand and ensured spirited competition for apartment stock
in each location,” said Ian Chen, Jalin Realty International chief executive.
“We were able to get accurate and real-time feedback from
buyers, and determine which apartment size and type was most popular in which
country, information which is of significant value to the developer for both
current and future projects,” Chen said.