QUOTE(AskarPerang @ Nov 25 2019, 04:04 PM)
Yeah, SA2-29-01 is another lelong unit in the market now.
At 1136sqft.
Refer above post, people will only grab at below 600k.
Yet, this bank offer valuation of the unit at 900k.
Is a difference of 300k = more than 30%.
This is how crazy developer able to mark up the price VS the actual market price of a unit.
Most probably developer mark up the price very high for big cash back, then buyer one shot compress loan for few units.At 1136sqft.
Refer above post, people will only grab at below 600k.
Yet, this bank offer valuation of the unit at 900k.
Is a difference of 300k = more than 30%.
This is how crazy developer able to mark up the price VS the actual market price of a unit.