Mar 17 2013, 10:22 PM
QUOTE(robertchoo @ Mar 17 2013, 08:26 PM)
I think it is a unique situation in Malaysia only.
These buyers will all snap up new launches even at ridiculous prices but nobody seems interested in subsale.
I forsee a situation where newlaunch will be priced higher and higher while subsale prices will fall.
Until it reach a gap so wide between newlaunch and subsale that the average blind and gungho investors start moderating their buying of new launched properties
trying to sell my house now but so far seems difficult, even though fully furnished so buyers can save a lot on cash compared to properties such as Kinrara Residence nearbyThese buyers will all snap up new launches even at ridiculous prices but nobody seems interested in subsale.
I forsee a situation where newlaunch will be priced higher and higher while subsale prices will fall.
Until it reach a gap so wide between newlaunch and subsale that the average blind and gungho investors start moderating their buying of new launched properties
for 1m property, new only need to pay downpayment for 50k cash
subsale fully furnished need to pay 100k down, legal fees, mot, maybe total 50k, total 150k cash
subsale unfurnished need to add another 100k for furnishing, total 250k cash
Quote
0.0178sec
0.54
6 queries
GZIP Disabled