Evolution Discounted

Received in the email today:

"... the developer is offering a limited offer to all purchasers of 2bed, 2bath, 1car and 2bed, 1bath, 1car apartments in Evolution as a part of our Grand Opening.

A type Apartments 2bed, 2bath, 1car apartments

• 1 year, 5% rental guarantee
• $50,000 rebate to purchaser at settlement

C type Apartments 2bed, 1bath, 1car apartments

• 1 year, 6% rental guarantee
• $30,000 rebate to purchaser at settlement

This offer valid for sales where the SAF is received by 31 March and the contract is unconditional on or before 14 April, 2008."

I guess this means that Evolution was overpriced or is not selling well or the developer is worried about a market downturn.