Dec 9 2018, 11:37 AM
QUOTE(holypredator @ Dec 9 2018, 11:21 AM)
The things you've mentioned does not exactly correlates to one another.
Property investment involve risk but it doesn't make much sense when the risk occurs during the purchasing process. You can't compare stock price with purchasing new projects because stock price fluctuates but the SPA price doesn't just go up because there are higher demands. At purchasing stage, you are just a consumer buying a product NOT investing. You are owning the stock on paper once you've purchased it and it is within your disposal to do whatever you want with it but buying new projects eventhough on paper you own it, it still belongs to the developer until it is completed and you have no control over it.
Bear in mind that selling under construction properties requires the developer's consent, you literally have no control over the property since it is not completed. The property still belongs to the developer in a way until it is completed and the keys are hand over and until you've fully paid up. (You only pay based on the percentage of the property is being completed i.e. when the foundation is done, you will pay your first payment then when the common area is done, you pay the next... so on and so forth)
3 years down the road, when the property is completed and the keys are handed over to the early bird buyers, they will be considered "owning" the property since it is then fully paid. If the market price goes up, the later buyers will buy it as sub-sale. When that time comes, it will only be considered "Investment" since the price will then move according to supply and demand but when the property is still under construction it is unfair that the price move based on weak demand but not strong demand.
You can't mix investment theory into buying a new project. It is not the same as buying a completed project.
Your argument is it tally with the law ?!Property investment involve risk but it doesn't make much sense when the risk occurs during the purchasing process. You can't compare stock price with purchasing new projects because stock price fluctuates but the SPA price doesn't just go up because there are higher demands. At purchasing stage, you are just a consumer buying a product NOT investing. You are owning the stock on paper once you've purchased it and it is within your disposal to do whatever you want with it but buying new projects eventhough on paper you own it, it still belongs to the developer until it is completed and you have no control over it.
Bear in mind that selling under construction properties requires the developer's consent, you literally have no control over the property since it is not completed. The property still belongs to the developer in a way until it is completed and the keys are hand over and until you've fully paid up. (You only pay based on the percentage of the property is being completed i.e. when the foundation is done, you will pay your first payment then when the common area is done, you pay the next... so on and so forth)
3 years down the road, when the property is completed and the keys are handed over to the early bird buyers, they will be considered "owning" the property since it is then fully paid. If the market price goes up, the later buyers will buy it as sub-sale. When that time comes, it will only be considered "Investment" since the price will then move according to supply and demand but when the property is still under construction it is unfair that the price move based on weak demand but not strong demand.
You can't mix investment theory into buying a new project. It is not the same as buying a completed project.
The laws of the buying property under construction from developer lies in the S&P. And the S&P, if you read every sentence of it, did it say that prices cannot drop under construction ? Ok the residential S&P is considered a schedule of the housing act, does the housing act says price cannot drop ?
Quote
0.0213sec
0.75
5 queries
GZIP Disabled