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 Buying new project now = getting screwed?

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AskarPerang
post Dec 8 2018, 11:59 PM

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1. Willing seller, willing buyer.
2. Sime Darby not the first one doing that. Mah Sing, SCP doing the same quietly but didnt announce in the news to the world.
3. LGE reminds all developer to reduce house price by 10% due to SST exemption for construction.

AskarPerang
post Dec 9 2018, 01:37 AM

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I give you one best example here: Razak City Residence, Sg Besi.
2 big booster gone, vanish within this year itself.
Before this they are already selling with added value of Bandar Malaysia and MRT2 station already factor into the pricing.

So how the developer gonna clear away their remaining stock?
By offering cheaper price of course.
Or to not look so obvious, they can package it differently. But at the end of the day, will be more worth it to get it now compare to those early bird buyer.
AskarPerang
post Dec 9 2018, 01:39 AM

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Real case study:

D'Sara Sentral by Mah Sing. Late buyer got throw in 25% rebate while early bird only got 9% rebate.
You can read it yourself here: https://forum.lowyat.net/index.php?showtopi...post&p=86920761
Continuation part 2 (with typical alasan): https://forum.lowyat.net/index.php?showtopi...post&p=86969476
Paper loss 100k stated by 1 of the buyer himself: https://forum.lowyat.net/index.php?showtopi...post&p=86978041
and can read from that post onwards......


Real case study #2:

No need to guess is from the same developer again!!!
M City, Jalan Ampang.
Project completed 2 years ago. But developer units still fail to sell out. (How to sell when got so many units end up cheaper price in auction?)
So what to do? Throw in big rebate to sell.
Unit dispose same like 7 years ago early bird pricing. If count progressive interest, and 7 years of lost opportunity. Late buyer actually got big advantage.
Read: https://forum.lowyat.net/index.php?showtopi...post&p=89879928

This post has been edited by AskarPerang: Dec 9 2018, 01:39 AM
AskarPerang
post Mar 7 2019, 08:26 PM

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Here another good example from a reputable developer, YTL: https://forum.lowyat.net/index.php?showtopi...post&p=92020627

The Fennel @ Sentul
After doing my own research on these two buildings (Fennel and Capers), investors better stay away from it.

It grabbed my attention when developers opened their own units for sale at BELOW LAUNCH PRICE......very fishy. Why would they even think of that, unless the know something? Either running out of money or knows the market value of this place cannot hold for long and I believe it's the latter. They got their money from the initial 70% sales, and dumping these last units for a price which is still a 'profit' when looking 5 years down the road.

Ridiculous price to buy now, rental is a joke. Mid end condos and poorly maintained buildings in Subang and PJ can command similar/higher rental.

However, if you bought for own stay and convenient to get to work, then it's not a bad buy. But for investment...no way.

AskarPerang
post Mar 7 2019, 10:39 PM

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Another example here: https://forum.lowyat.net/topic/4748514
Seems to be happening at every project in the market that cannot be sold.


I bought a property 2 years ago on a project by this developer.
Although the project is still in progress, the developer had yet to finish selling the units.

Recently, they are making a promotion for all left over unit.
The prices are getting 30% discount + rebate subject to some tnc.
(pm me for the details and project name)

Is that common trend now?
So, I had already loss money, quite upset here.
Is that fair enough for the early purchasers?

AskarPerang
post Mar 10 2019, 09:42 AM

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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
AskarPerang
post Mar 10 2019, 11:30 AM

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




QUOTE
Rakyat semua sama. Pembeli baru dapat 30% rendah maka kita pembeli pertama pun patut diberi pampasan. Ini projek berasaskan kerajaan bukan swasta. Kita pun sama sama merana bayar bank bulan bulan. Mana boleh rumah yang sama pembeli baru dapat 100,000 ribu lebih rendah... Rugi lah kami


QUOTE
Jom bangkit semua pembeli pertama PR1MA!! KITA SUARAKAN HINGGA PIHAK ATASAN DAN MEDIA SEMUA DENGAR kerugian yg kita alami.

Assalamualaikum & salam sejahtera pada semua penduduk komuniti PR1MA. Mohon semua ahli komuniti & penduduk utk masuk & suarakan bantahan berkaitan penurunan harga jualan rumah yg kita duduki sebanyak 30% kepada pembeli baru.
Ya, kita boleh consider ini rezeki kepada para pembeli baru tapi hak kita sebagai pembeli awal pada harga yg tinggi harus diambil perhatian oleh PR1MA CORP & Kementerian Perumahan.

Kita paham, mmg tak akan terjadi penggubalan baru harga rumah yg kita dah beli sekarang sebab dah termaktub didalam S&P agreement. Cuma apa yg kita akan nak sekarang adalah utk menuntut pampasan balik kepada pembeli lama.


QUOTE
Jom bangkit semua pembeli pertama PR1MA!! KITA SUARAKAN PENDAPAT HINGGA PIHAK ATASAN DAN MEDIA SEMUA DENGAR kerugian yg kita alami.. juga defect2 teruk yg belum dibaiki & berulang semula kerosakan. Aku pemilik PR1MA RESIDENSI UTAMA tahun 2018

MENIPU ORANG JA YANG HAMPA TAU PRIMA NI...
#PR1MAHomes

30% Discount pada new buyer.. Maybe boleh consider rezeki pada new buyer... Tapi kami yg beli rumah pada harga yg tggi dulu nak kira mcm mana? Tolong pulangkan pada kami hak kami...

#KementerianPerumahanMalaysia
#TribunalPengguna
#KembalikanHakKami

AskarPerang
post Apr 14 2019, 12:48 AM

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QUOTE(kuci_mayong @ Apr 13 2019, 10:24 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.
*
Here is the official explanation by PR1MA:



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

 

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