If any owner want to let go at 400k for non bumi lot. Kindly pm me. Thanks.

I believe this is on willing buyer-willing seller basis. If none of the seller willing to let go at stated price, then no transaction will happens. Value alone doesnt mean everything, and I dont think 500psf make sense, as I still see quite a lot transaction happened at 400 psf (1250sf for 500k and 1050 for 420k), you may further correct me if I'm wrong. and ya, there are still seller offer 480k-490k for 1267sf (some even offer lower), which translated to 380psf.

You may offer a selling price at higher end but end up no buyer, so value always stay at value. Buyer definitely always aim for lower bargain price, and seller can use this chance to realize profit, it may be lower profit, but gain is gain, cash is cash.

Cheers! Casa Tropika's environment is good, congratz to owner.