QUOTE(UFO-ET @ Apr 9 2012, 11:57 AM)
Like Temasya Glenmarie, the supply of new Superlink in Lake Fields is very limited, I had been monitoring the Lake Fields sales since 2008, the price picked up since 2010 when suddenly all the avIlable units snapped up by buyers within few months, my partner who is covering LF told me many agents left becoz no supply. Since then, every transaction set new record selling price. Many existing LF owners are in the final balloting, they chose to upgrade to a bigger house fr existing 20x75 old hse which can fetch 800K now. A fruitful margin of easily 400K fr disposal of the old hse and swap it with 1.1 mil Superlink. I managed to talk to at least 8 potential buyers on the spot, 3 of them are staying in Lake Field old phase.
It make sense. if they sell the prop at 800K, pocket in 400K profit already. If upgrade to 1.1mil with Full GNG facility is making sense, 3200sqft, more rooms.
If 90% loan apply, they only need to folk out 110K deposits.
Apr 9 2012, 12:04 PM

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