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Auction properties
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SkyBlue(R)
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Sep 24 2019, 09:32 PM
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Let me share some interesting story.
There is one property unit which is located at KL and developed by a reputable developer company- exxxxx. That unit is bare unit (come with simple kitchen utilities) and being lelong and sold at the price of 590k++.
However, during that time the developer is giving 30% net discounted price, free HOC, fully furnished, higher floor and better view with the price around 650k.
Question: which one will you choose if both of the unit also same type- ie 1,100 sf? Which one you think is better value for money?
This post has been edited by SkyBlue(R): Sep 24 2019, 10:05 PM
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SkyBlue(R)
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Sep 24 2019, 10:03 PM
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QUOTE(submergedx @ Sep 24 2019, 09:39 PM) If investment purpose i'll go for the cheaper one. You mean the one lelong and sold at 590k?? You sure? I guess you never into auction transactions before.
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SkyBlue(R)
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Sep 25 2019, 09:03 AM
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QUOTE(MGM @ Sep 25 2019, 06:47 AM) I would go for the 650K unit for less hassle and the lelong unit when add up other costs would be higher. This is what I thinking too. I agreed that lelong price sounds attractive but don’t forget the hidden cost such as lawyer fees, bank loan etc and the mot cost if the unit is condo. After bought it, renovation cost will be another cost. All is about money and i think that the second choice is much more better in term of cash flow management . This post has been edited by SkyBlue(R): Sep 25 2019, 08:25 PM
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