Dec 13 2017, 09:06 AM
QUOTE(AnimeSinceForever @ Dec 12 2017, 09:26 PM)
Yes, well.
I have a photo taken from just a few years ago.
170 double-storey terrace houses in Rawang, build cost RM17 million.
So that means, each house cost RM100,000 to build.
Do you think the houses will be sold for RM100,000? No, right?
Going by market value, it's at least RM500,000 per house. So that's a 5x increase in price.
That means, they only need to sell 20% of their houses to break even.
What makes you think any property launch ... only sells 20% throughout the lifetime of the property?
They're still making lots of money, and are just trying to bamboozle people by saying they're not.
building cost just a portion of it, u need to consider infra, land cost, professional fees and so on. but developers do make a lot of profit from these development, i think the least would be at 2x profit.I have a photo taken from just a few years ago.
170 double-storey terrace houses in Rawang, build cost RM17 million.
So that means, each house cost RM100,000 to build.
Do you think the houses will be sold for RM100,000? No, right?
Going by market value, it's at least RM500,000 per house. So that's a 5x increase in price.
That means, they only need to sell 20% of their houses to break even.
What makes you think any property launch ... only sells 20% throughout the lifetime of the property?
They're still making lots of money, and are just trying to bamboozle people by saying they're not.
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