Scenario 1 :-
Standard lot = 22'x75'' BU 2488sf
Assuming current market selling 900K
Price per sf = RM900K/2488 = 361.7
End Lot = 27'x75', built up 2970sf
Estimated fair value = 2970 x 361.7 x 1.07 = RM1,149,446
Fair T-Junction discounted price = RM1,149,446 x 0.88 = RM1,011,512
Conclusion : If you find that most of intermediate price "transacted" at
900K , then anything below than
RM1,011,512 offered by developer is good buy.
Scenario 2 :-
Standard lot = 22'x75'' BU 2488sf
Assuming current market selling 950K
Price per sf = RM950K/2488 = 381.8
End Lot = 27'x75', built up 2970sf
Estimated fair value = 2970 x 381.8 x 1.07 = RM1,213,426
Fair T-Junction discounted price = RM1,149,446 x 0.88 = RM1,067,815
Conclusion : If you find that most of intermediate price "transacted" at
950K , then anything below than
RM1,067,815 offered by developer is good buy.
Scenario 3 :-
Standard lot = 22'x75'' BU 2488sf
Assuming current market selling 850K
Price per sf = RM950K/2488 = 341.6
End Lot = 27'x75', built up 2970sf
Estimated fair value = 2970 x 341.6 x 1.07 = RM1,085,697
Fair T-Junction discounted price = RM1,149,446 x 0.88 = RM955,413
Conclusion : If you find that most of intermediate price "transacted" at
850K, then anything below than
RM955,413 offered by developer is good buy.
BTW the "nett" selling price is 1.07 mil or 980K? If it is 980K, my advice :
BUY! Why? dun forget you gain extra 5ft land against yr neighbour which has land size of 22 feet only, 5ft 23% more! Total extra land area (375sf) is worth at least 40K now! You are indeed a "superlink" owner instead of ordinary "link house" owner. 2-stry house with build up close to SD bu which is very limited in the mkt now.
p/s : I did this method of calculation by myself, if you dun agree just leave it. my 2 cent. Good Luck!
Really appreciate all the advise given... At least I can make some fact based decision!