It's a 1 bedroom near Guildford mall. We're getting little interest but the market is now flooded with cheaper inventory so interest dies after a week of price reduction. We have done 3 price reductions so far and even added agent incentive for 2K. There are 1-2 comps available for outdated units and ours is priced at just above 15K from last outdated unit in last 3 months.

@Jag Hundal Thanks Jag, as a newbie it'd be very helpful to avoid making critical mistakes.