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 Covid19 and MCO effect on properties, Q&A Session on the effects

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Salary
post May 14 2020, 08:03 PM

On my way
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So far I’ve been keeping tabs on landed houses for my own stay - prices are still as high as it was last year. Lots of rich people with holding power, eh?
Salary
post May 14 2020, 08:22 PM

On my way
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Junior Member
668 posts

Joined: Sep 2013


QUOTE(cy91 @ May 14 2020, 08:18 PM)
Wrong! It is because of 6 months moratorium! Totally disrupted the free market
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I use developer units around the area as benchmarks. With the rebates developers are dishing out, most subsales are around or even above the what the developer is offering. Why would I buy an 5-year old house at the same price as a brand new developer unit?

I thought it will come down during the MCO, but sellers are sticking to their original asking price. Hoping to land a bargain after the moratorium.

 

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