QUOTE(oreomambo @ Oct 29 2014, 04:08 PM)
Taikors can also insert 10-50 bangalas to queue instead of cheques for balloting. Probably even queue few days before (I&P had that incidents). Those who are really keen on buying will have no match to taikors, let alone queuing themselves. I am sure veteran taikors know the strategy and even past contacts for queue service to repeat the same.
http://www.theedgemalaysia.com/property/14...ght-queue-.htmlThe fact is that developers like this strategy to make it look like its hot selling. Queue creates news, at the hardship expense of real buyers.
During SPS Eco Glades days, they made sure bankers are there to verify your qualification for mortgage. That is the pre-requisite before even the chance to ballot, only then satu balloting seat given. Throwing 10-50 cheques won't happen.
Boss, if the project is too hot, be it first come first serve or balloting, sure there are plenty of disappointment.
See Bdr Rimbayu, last year ballot process, damm a lot of ppl disappointed of unable to take even 1 for investment. Some investors even shout at the GM and emcee. My friends and I total more than 30 cheques but kena none
But ballot also see and which projects. If ballot 100 units but only 50 purchasers, the dev also damm malu. I think it happened earlier this year.
I like the idea of immediate launch announcement, surrounding folks or potential own stay buyers really keen to take leave / MC immediately and go. This sudden SMS or announcement really scared off a lot of investors or reduce them. Setia Eco Hill last year done quite well.
Anyway, I am fine with both process. But i just prefer FCFS, I have no luck on balloting.
Btw, I hope some developers are able to launch it and allow the first time buyer to buy first and others on the next day. Of coz, this process also need the help of bankers participate and process the loan first a week or tei earlier.