Dunno about the rest but personally, have never seen any good properties selling below developer's price.

Unless one considers bukit beruntung, Talam properties etc as good properties lah..........

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Added on April 30, 2009, 7:37 pmnot necessarily.

Give you an example. ParkView KLCC by Mayland was launched in 2003-2004, and developer's price was 180k-220k for the smallest studio. Upon VP, it was a hit (due to insufficient supplies of studios in KLCC) I took a look and was offered 310k for the smallest unit. This means that the 1st buyer made 100k clean profit in less than 3 year.

I didnt bite, as I thought there's no more upside to this development. I was dead wrong. Today, there are no units going for anything less than 390k. I would have easily made almost 100k if I had bought it 2 years ago and sell it today for 390k or more.................


The story however had a happy ending. I choose to buy a almost completed studio in KL city instead(technically its a undercon property) at 160k and today its estimated value is approx 250k, give or take.


Bottomline, even subsale buyers can still make decent profits provided they bought the right property(type n location) at the right price and at the right time.

This post has been edited by Pai: Apr 30 2009, 07:37 PM

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.

Thats bcoz im no mind-reader

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