QUOTE(1282009 @ Sep 17 2011, 02:02 AM)
Oh ok. Wow 10k is bit high.
10k abit high? sorry no offense here bro, but if you couldn't prepare a 10k cash/cheque during booking, how can u be prepare of the next 10% of the transacted price?
Is good if the booking fee is high, so it won't easily create high speculation rate, although, it of course doesn't concern for rich ppl.
As for normal person with a middle-high paid income, as if they wanted to commit into property, they would think properly.
The discussion above will be never ending, i understand.
But let's make it this way,
A property with ZERO downpayment - Everyone has the chance to become a speculator, and once all fully booked, the top-up strategy will imply.
A property with RM 2000-5000 downpayment - Maybe 60/100 ppls will become speculator, as not much willing to pay that much during a booking day, cause they might just want to be speculator forever but not committed into buying the property.
A property with RM 10000 downpayment - Maybe 30/100 ppls will become speculator.
BUTTT, all has their pros & cons. By increasing the booking fee, poor to middle income ppl will suffer cause they might don't have that much amount of money. While rich ppl will continue to become even richer. So this is the cons. So other factor might affect to reduce speculation rate, not just booking fee as it played an unbalance games here.