i'm holding one, bradder..

which development is this? *super curious*

My take is that if the property upon VP is still selling at below dev's price, it can only meant 2 things :

1. Property workmanship is beyond terible. (Some Talam's properties today still sells at dev or even slightly below dev price)

2. Developer launched the property at staggered pricing, and the later buyers paid a huge premium for the last few developer's unit. Great example of this is IJM's PJ8. Studios was launched for sub 200k in 2006, and now the remaining dev unit now going for 300k.

i'll let you have your confidence and >25% returns.. but i'm surprized that you can't find what i'm holding.
they're neither of the 2 factors that you've mentioned..

This post has been edited by lwb: May 1 2009, 07:53 PM

Sigh - everything was launched by a "developer" once upon a time.

Sri Putramas was selling at a developer price of 160K and was launched 7 years ago. Today, the market prices is about 220K, and yet "someone" managed to get it at 140K. Using your lingo - it's still below developer's price. Obviously, there are many strategies and methods to acquire such properties "below market price". e.g. finding a motivated seller, putting 20% down etc etc.

So - pls be specific and elaborate. If not, what's the point of posting something which may be full of ambiguity?

By the way, having known Pai as a friend - u don't have to let him have his confidence. His portfolio returns are admirable, and I've seen them myself. At least he substantiates his opinions with concrete examples. Am I'm not talking about bragging rights, ok?

cheers.

Thats bcoz im no mind-reader

agreed... not reasonable to expect pai to read your mind!

In many outlying areas like Sungai Long, Bandar Seri Putra, and Bandar Botanic, you can find houses at or slightly below the developer's price:

eg
http://thinkproperty.com.my/realestate/Buy...ngor/39139.html

This post has been edited by gilabola: May 2 2009, 02:56 AM

exactly my point........just look at the sample given by gilabola, these properties are selling below dev price for a good reason ----> nobody wants 'em