Well i also cannot brain y ppl wanna buy condo more than 700k in Subang/PJ when they can get it here near TRX n upcoming Warisan...

So ppl who got brain like u will buy or have bought where leh?

n definitely more prime area.

Currently I think there are three or four groups getting smilar deals.

The developer may need some sort of "earnest deposit" before they may even entertain.

For benefits of non-mandarin speakers, the key points by Tony Guru about bulk purchase are as follows:

1. Make sure the bulk purchase deal you entering is in line with or lower than market value of surrounding properties.

2. Perform your diligence on the developer reputation and their track record.

3. Check the profile of your fellow bulk purchasers profile - avoid speculators who won't hesitate to go highly gearing entering such deals - this may lead to future foreclosures and causing a sharp drop in your property value

4. Measure your own head before buying your cap. Don't buy properties which you cannot afford the monthly installment and maintenance.

And lastly, caveat emptors - if the developers offering reasonable deals to the market in the first place, why do they have to resort to bulk purchase to clear their inventories?

Not sure if I agree with all his points (as he darn sure has his own vested interests making such claims - if not mistaken, he's a leader of property agency himself) but some are best kept for own's consideration before going into bulk purchase deal.

This post has been edited by BoonieTan: Jul 11 2020, 02:27 PM

https://www.edgeprop.my/content/1710210/rep...-kl-land-rm138m

This land is the adjacent land to OneCochrane right? Hmm wonder what Binastra has in pipeline...Will their project complement or jeopardise this project?

Realise his criteria is very similar to FAR 7 property investment rules.

R they related?

Agreed with what you say here. Investors really need to look at what's at stake when comes to bulk purchase deal. Value should precede aesthetic.

At the end of the day what's important is what's the rate of return and not you getting the most beautiful unit in the block. Well at least if you have to pick between aesthetic and value.

Sorry what's EF?

Doesn't they have a bulk purchase and land sale going on circa 2020, it would be a surprise if they didn't raise enough capital to continue. Considering that the Developer is a big name GLC backed entity.

You make a good point. It used to be a very appealing bulk purchase deal.

Words on the street is that they run the biz like being financed by sugar daddy before the shit hits their parent company.