QUOTE(nkhong @ May 21 2012, 05:29 PM)
The developer is not sincerely selling to market, they sell it to internal people/investor for flipping. We public should unify and boycott this project, and totally boycott this kind of developer, they are not sincerely building and selling the house to people who want to buy it for own stay. They sell it to flipper and let flipper sell it to actual buyer. We should not encourage this type activity or this way of selling. Boycott this developer and this project!!
I was told >80% sold! My customer booked 2 units, he knows the director.
Wat can I say? The business world is indeed very "cruel", it is all rich man game. Not only developers, so long they are businessman, they only concern in making max profit to satisfy the shareholders.
Nowadays, developers are striving to keep investors as many as possible in theirs' list, aka customer loyalty programme for future support. I dunno how many will boycott them, but one thing for sure, those who are given privilege to buy early will support their next project. The big guns are doing the same thing, YTL, SPS, TMS etc are not exempted, a success formula investor proved to be the biggest mkt for them.
One thing I must say, in the past 30 years, many good developers were suffering in mkt down time, if I am not mistaken, we only experienced a few (bout 3) booming in Malaysia property mkt, most of the time property is either stagnant or down. Only this time (2009-2012) the mkt seems very lively, developer will take full advantage to grasp as much profit as possible for future surviving, before mkt enter another corrections (can I say wrong?

). If we look back year 2000, most of the property prices were reasonable or I can say cheap, but the sentiment wasn't healthy at that time, many buyers could afford to buy but just dare not to commit, developers are suffering through hard time indeed (of course there are some bad apples like Talam who dun hv social responsibility). Many LYN forummers are relatively new to the mkt, they thought that the property mkt are always booming like now, this is dangerous!
My 2 bakuli.
This post has been edited by UFO-ET: May 21 2012, 07:27 PM