QUOTE(mtdavedeli @ Oct 21 2014, 10:54 PM)
Township concept draws many benefits;
1. Developer will improve connectity by building highway, ramp etc. connectivity improve value of the whole land parcel.
2. Township allows developer to fully leverage the land usage. The better land in the parcel will be used for commercial development, up market residential whereas the lower deem value locations in the parcel will be used for low cost housing, sewage etc.. The value of the land is fully exploited for the sake of the township. Take for example sunway development in bandar sunway, there is mall, university, hotel, grade A office, theme park, convention centre, hospital etc.
3. As much as purchaser is worried for early phase purchase where the township is still in an infant stage, the developer will have equally high commitment to deliver the project. Why? They have vested interest to sell subsequent maybe 20 to 30 phases to recoup their investment of buying the land. They to have bridging loan to repay.
4. Every subsequent phases usually would be priced at a slight premium over the earlier phase
5. Town beautifications. This process will continue until the last parcel is sold. Why same point as point number 3.
6. Amenities, commercial, school etc are typically planned in the township.
To make things concise, imagine you are given a huge parcel of land. How would you want to unlock the hidden value of this land? That's what the developer is doing. The question is not whether values will be unlocked or stone will be left unturned. It is how much would it be?
choosing cheap land acquired cheaply and outskirt is a good bank, at least if fail one would not burn that much..
much is said, developers township are really a moving factor, gotta thank the banks and investors/property owners, without them procuring loans and paid it to developers, there wont be huge, modern developments and not to forget huge debts as well.
no money no move.. Mahsing is not not bad right, thought heard rumors that they are have cash problem, launch here take cash put elsewhere.. kind of thing
This post has been edited by bearbearwong: Oct 21 2014, 11:09 PM