I would think most are investor that have lots of money and use the money to renovate the house.
So that they can
claims tax and at the same time push up the house prices.
We are dealing with group investors that can control the property price in these area.
U know it by comparing the subsale property which it 300% difference in price.
500 k subsale old semis as compare to 1.5 mill semid.
Anyway, there are ppl still like to enjoy first.... Who know the world end this year.... Ha..ha..
For those that know this year is the end of world, pls enjoy and buy.... Times don wait for anyone..
Just an example of how these group of investor gain.
Let say in 2010, brought nouvo at 1 mill, pay initial 100k.
After two years, sold at 1.4 mil. Gain 300k++.
Roughly, It is a 300% return.
Where to get this kind of good investment.
As long you can control the selling price... This is the key. Like share market..
How to control the price, easy.. Work will all prop agent that any small fly want to sell the proprerty, the investor will eat it up. That why u can see lots of agent are calling house owner. Just to sent the message to hold the property.
Until certain point, the invetor quietly let go all the property.. This is just me tot... Sure wrong...
Anyway, no hard to share with all....
How to claim tax for renovating house? Can you teach me? I also need to get some tax claim back. Thanks.