Freshie here. Developer will sell higher price for sure. But isnt it subsales owner also are selling higher?
Or the one subsales unit you looking for are those desperate seller? Property owner mindset for sure wanna profit, somehow subsales for certain way are not cheap though.
Give some advise, thanks.

Here another example, from reputable developer YTL, also throwing the prices to clear the unsold unit: https://forum.lowyat.net/index.php?showtopi...post&p=92049465

Even PR1MA is doing the same thing by throwing in up to 30% discounts during the HOC period. Haha.
Go read the comment in those page. All early bird buyers rage now.

RECAP of all the risks of buyer that have to bear:-

a. After VP, Risk of subsale pricing undercut by developer
Even after VP, developer offer heavy rebate to abundant of unsold developer unit, indirectly killing off owner's subsale unit.
Example: Mah Sing with their Icon City M City etc

b. Before VP, Risk of getting prop sale price being undercut by developer
Too much unsold prop by developer resulting in heavy rebate to lure in new buyer, resulting in unfair condition where early buyer pay unrebate price & progressive interest.
Example: PRIMA 30% rebate at HOC

c. Risk of developer / SA overpromise or cut-cost on certain items
Promise this promise that (covered walkway, shuttle bus, parking layout changed to tandem etc), but since S&P is too standard and does not include such promise / brands of common appliance, developer always get away with it. But buyer has to live with it forever, until they sell it off at least.
Potential Solution:- Government should enforce strictler law on developer to prevent them from overpromising to the point of false advertising.

d. Late payment interest charged by developer to buyer
due to late loan disbursement by developer panel bank to developer (could be issue of their PANEL lawyer), in which the buyer has no control over the process, buyer has to bear the late payment interest.

Please continue to help me list out the potential unfair risks that we not supposed to bear.

This post has been edited by sonnytan09: Mar 10 2019, 01:56 PM

In light of what happened with PR1MA, where the developer gave 30% blanket discount for new buyers, is this even legal?

I can understand if owner want to sell the unit cheaply, or if developer does it behind the scenes (because you need to let the free market do its thing), but PR1MA did this in such an open manner that it undercut earlier buyers? This cannot be legal, especially done by a government company.

Also there is no history of "transacted" prices for these area, who is PR1MA to suddenly decide that the houses are now worth 30% cheaper? I do think the earlier buyers here were cheated.

This post has been edited by kuci_mayong: Apr 13 2019, 10:25 PM

lol, tell that to apple, bmw, rolex.

There are different market segment e.g Bugatti, Richard mille, etc, and these buyers are only interested in selected properties. The rest i.e majority need to be realistic and affordable.

Try to sell bmw to one could only afford Toyota, Rolex to citizen.

This post has been edited by icemanfx: Apr 13 2019, 11:45 PM

these are just psychological prices. if developer lowers their price, buyers will lower their reference price and now say "oh this property tak laku, can get it cheaper."

don't get me wrong, its different if it happened in sub-sale market or behind the scenes that most people don't know about it. but when developer does it openly, you fucked your early buyers badly.

case in point, you never see apple discount their products on their official page, but if you were to go SenQ or Harvey Norman, maybe you can get a better deal. the point is you have an "original" reference point to reference your pricing from.

It is not unknown for cash bulk buyers to get 20% to 30% cheaper price from developer.

Here is the official explanation by PR1MA:



This post has been edited by AskarPerang: Apr 14 2019, 12:48 AM

Boss what projek is dis, mind share share

Timing matter..