QUOTE(icemanfx @ Nov 10 2014, 03:08 PM)
Current property concept, design or even location will be idea or suited for lifestyle in 10, 20 or 30 years time?
nobody has a crystal ball to see into the future 20 to 30 yrs from today.Am just explaining why some new launches in the same general area cost so much more compared to existing older properties in the same general locality.
However today buyers seem to demand G&G, Lifestyle living and think this trend will continue going forward with newer and more trendy concepts like double frontage.
QUOTE(bearbearwong @ Nov 10 2014, 03:11 PM)
due to this above factors, the main problem was the flippers/investors also incorporated their expected profit into the high price, right? that is the most glaring problem with property price today..
Nobody buys a scarce product and resell at the same price.The Laws of physics says that "two objects cannot occupy the same space simultaneously". Hence if you have bought a house, it means that there is one less house and with a growing population (Demand), and supply being limited, prices must increase.
The only question is by how much?
This post has been edited by cfa28: Nov 10 2014, 03:29 PM
Nov 10 2014, 03:19 PM

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