Pacific Star Section 13, Star Head office moving here
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 Dec 23 2021, 04:14 AM
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#1
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Senior Member
2,834 posts Joined: Dec 2020  
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Be very interesting to see how a project like this with so much stigma would be priced in an open market.
A design that is 10 years old, a cash strapped developer and a very unfortunate period should be a lesson to companies looking to “diversify into property” away from their core business. |
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Feb 25 2023, 04:20 PM
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#2
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Senior Member
2,834 posts Joined: Dec 2020
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Why so many auctions? This is still considered a pretty prime spot. Were these already dead on arrival or it was not sustainable after VP? Details that are important to work out.
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Feb 26 2023, 07:05 PM
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#3
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Senior Member
2,834 posts Joined: Dec 2020
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QUOTE(Aldo-Kirosu @ Feb 26 2023, 04:28 PM) yeah i know this vped, Yea I don’t know many people who would pay interest for 8 years. Makes sense if they abandoned it. Another thing to look out for with over ambitious developers. i mean during construction for a condo should be 4 year, if this condo vp without delay, people can start collect rental since 2018. and the auction unit will not be as much now since just vped no more than 1 year.  late vp + pandemic causes a lot of auction unit at this project.  for what i know, if defaulter failed to pay the payment since progressive interest part, after vped the unit will be auction also. |
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