QUOTE(victorian @ Apr 5 2024, 12:18 AM)
you are assuming the land cost more than 50% of the purchase price.
Realistically the price difference will not be too much, 10-20% tops
The thing is developers have pretty much forced buyers to accept leasehold and high dense as the new norm. This is particularly true for high rise and it’s been a very short time frame to push all these as the new reality. They acquire the land cheaper and absorb all the cost savings as profit. You may not think it’s a big deal when buying due to perceived cost saving but certainly your ability to dispose of the property later is going to be an issue.Realistically the price difference will not be too much, 10-20% tops
Apr 5 2024, 07:43 AM

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