Yes... true.
Holding power is the key.
Let's do the simple maths.
The early batch buyers would have not much worries compared to the new buyers.
Because they could always sell at below market price while still fetching some nice profits.
If they've some holding power, they could rent out, after all, their instalment is RM3k+ compared to RM5k (take example 1mil unit), if they could rent out at RM3k the best scenario, they're merely losing RM700-RM800 a month, not entirely a bad deal.
While the new buyers, they would have to lose RM2.5k every month.
After 3 years of collecting the rental, for 900k loan, it's about RM45k principal paid to bank in a year, stll owing RM850k.
While the lost of 2.5k x 36 = 90k.
And we don't even factor in the 'full interest' paid during the construction period. And the RPGT.
RPGT is calculated based on selling price - deducting the SPA price.
So it's about the game of holding power.
rm2.5k to rm3k for 700++sqft? Pray hard.