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 Build-then-sell housing delivery system incoming

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Cavatzu
post Oct 29 2023, 05:10 PM

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Substantial risk for this model when everyone else is doing pre-sales? Didn’t Sapphire Paradigm use this model? With a PJ address and next to a mall still can’t finish selling it’s an issue.
Cavatzu
post Oct 30 2023, 10:20 AM

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QUOTE(jetzxp @ Oct 30 2023, 10:00 AM)
anyone know which country implemented this system?
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This used to be common in Western countries like Australia but these were primarily low rise units. Some of the bigger developers like Meriton operate like this with high rise. But pre-sales became common once the Chinese developers came in.

For landed, they do progressive payments and you can customize a bit.
Cavatzu
post Nov 1 2023, 02:08 PM

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QUOTE(icemanfx @ Nov 1 2023, 01:20 PM)
Given current widening of poorperly overhang, slower population growth, ageing nation, etc fewer new launch is economical healthy.
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They wouldn’t do it if it was unprofitable. The market is there. Putting additional pressure on them is probably appropriate.
Cavatzu
post Nov 2 2023, 04:45 PM

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QUOTE(kesvani @ Nov 2 2023, 03:27 PM)
Because all those subsale expensive by few fold compare when with first selling price? Some house already more than 10 20 years yet the price almost the same as new units. Some house previously selling 50k now become 200k who want to buy somemore decades old house.
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You sum up the mind set why subsale and capital gain doesn’t work as well as thought while the supply is so high. The only saving grace is if you are in an in-demand location.
Cavatzu
post Nov 3 2023, 02:09 PM

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QUOTE(Angellynx @ Nov 3 2023, 10:43 AM)
Holysh*t, 1400 units/acre will make razak city residence look like a normal project already. LOL
Imagine building on the land size of RC 22 acres x 1400 = 30,800 units WTF that is mindblowing number... rclxub.gif
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300-400 units per acre is common nowadays. Can go up to double for commercial titled land. And this is another tier up. Nuts 🌰.

Cavatzu
post Nov 4 2023, 06:45 AM

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QUOTE(icemanfx @ Nov 3 2023, 11:35 PM)
# units per acre is meaningless. 400 of 50m2 unit and 200 of 100m2 unit could have similar total number of occupants.
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If it’s affordable housing then it’ll be your 800 sqft +- 3 bed 2 bath. It’s possible if u build without regard to facilities like many Western countries.
Cavatzu
post Nov 5 2023, 07:43 AM

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QUOTE(Aldo-Kirosu @ Nov 4 2023, 03:43 PM)
Do you agree with current plot ratio? As its all regulated and set by local council, mean all the project build actually under acceptable ratio.

So people should not complain about all those little hong kong project?
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It’s all smoke and mirrors. The service apartment model using commercial titled land has up to double the density of residential titled land. I suppose it allows for smaller build ups etc. in Western countries, building residential on commercial blocks doesn’t happen unless there is explicitly a commercial component. But here apa pun commercial title land for the sake of density. It took them so long to regulate it with commercial under HDA.
Cavatzu
post Nov 5 2023, 09:26 AM

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QUOTE(Aldo-Kirosu @ Nov 5 2023, 09:02 AM)
A bit out topic, can commercial land build residence terrace house? And can commercial land before building changed to residential land?
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Anything is possible. Build a warehouse use it as a home. But how it’s labeled on sale is another thing.

Number 1 and 2 is doable but a waste of the title.

I suppose the main point is should 1000 office units in a tower be treated the same as 1000 residential units? Should there be different distinction and guidelines?

There is more legal protection for residential units.

 

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