Saje do a simple survey of the current investor mindset & opportunity

For me:

Under Con:


Pros:
-lower entry cost as most of the project developer offer around 10% discount
-free legal fees & some offer free MOT


Cons:
-now buy at future price (developer's projection / future price for next 4-5 years)
-refinance value really kenot, only can refinance after VP (at least 2-3 years)
-agent (con man) will run away & cant find someone to follow up



Sub Sales:


Pros:
-mature market & stable market value, better ROI projection
-below market value (maybe?)
-you can survey & compare the neighbour hood, even be aware about your next door neighbour (ha, very important ha)
-sometime you can do "cash out" for business purpose

Cons:
-gonna ready a lump sum money for deposit, legal fees, MOT & etc (unless opt for zero moving cost package)
-renovation needed as the property age might be older than you



Auction:

Pros:
-real below market value, can go until 30%-50% BMV
-can get really good deal, better than other market


Cons:
-like open Christmas exchange gift, you dont know the house condition until you able to open door
-need higher cash on hand vs under con & subsales
-if got caveat, need to be cash buy 1st then only refinance with bank





Let's share your thought

This post has been edited by cat_food_lover: Dec 13 2023, 07:35 PM

I go 1st

I have 2 properties,

1. subsales, landed house. SPA 650k (back then), current value 1m

2. under con project, condo. SPA 720k, current value 600K++. gt rebate but little only


guest what's next?!

This post has been edited by cat_food_lover: Dec 13 2023, 06:16 PM

I think this is the wrong question. What is a good investment mainly depends on the subject and not the means.

"Best" is so subjective and each project will vary in whether they're good investment depending on the time of purchase, the location, the condition of the units, the goal of the investor (continuous cash flow vs capital appreciation, long term vs short term etc.), and the financial resources available to the investor.

Undercon

Con
1. Risk of abandon
2. Paying progressive interest
3. Uncertain specification. Information stated in SPA is too brief.