May 19 2015, 01:25 PM
QUOTE(kamilnu @ May 13 2015, 09:25 PM)
Owner and agents just pluck figures from air only. For example, Bangi developments are quite cheap when it was launched. Those S&P signed 4 years ago. Owner still can pay comfortably. They put kaw2 price and wait for water fish. Bleed slowly still ok for them.
This is because the owner isn't in dire need for money lol. agents usually markup 10% to 20%.
If the owner can afford to pay, it goes to lelong, and other buyers will bid till its almost the market price, which is still expensive.
property prices is still one of the most steady income earning mechanisms.
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