QUOTE(Brad11 @ Jan 27 2014, 04:34 PM)
With holding power, the ball is always in the seller's court. This apply to most affluent/prime/mature residential locations. It's a take it or leave it scenario as there are always people who are willing to pay compared to those who can't afford. My two cents.
Yup. That's why when market turn to negative, most of the affluent/prime/mature residential locations won't be affected much. Another thing is that those mature locations usually is owner occupied therefore they will defend their preferred location. Those affected badly shall be far away place where there is not much commercial/office activities. Many years ago as I remember, my aunty bought a property in Rawang, the so call promoted upcoming location. But it never materialised and the property price drop below original purchase price. That's the danger and it is still very possible. I even came across some developer launching high end properties in Nilai with high price. That's crazy. Gonna rent it to students a high end property? LOLQUOTE(UFO-ET @ Jan 27 2014, 04:35 PM)
Agree 50%, if. 650K has taker, the next transacted done at 630K, followed by 600K deal done., then this is a significant drop, we call this situation a 10% correction for that particular period, at that particular sector, location and type of property. Asking price can be any figure, but kenot be taken into consideration of mkt movement.
Btw, I 100% agree that new launch price really crazy.
Yup, now a days asking price is just asking price. A lot people is happy with their property asking price, but if you ask them to pay that amount to own a same road or same development parcel. How many would buy at the latest asking price? Hmmmm. Anyone can tell me if they buy a second property on the expected asking price?Btw, I 100% agree that new launch price really crazy.
QUOTE(tienzyee @ Jan 27 2014, 04:36 PM)
Sure lar. Riding the trend lar. Most human has herd mentality. If show the development got 30% people buy, the rest will go buy without proper analysis. So developer is laughing all the way to the bank lar. LOL
Jan 27 2014, 04:55 PM

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