Yes, agree with you. Price will not drop so much but developers are giving a lot of incentive by buying new house from them. For example Sime Darby with Parade of Home campaign, you could save up to rm30k for buying their new house. The price is fixed but they giving free lawyer fee, stamp duty, blr-2.3 interest rate & many more.

We could only see price dropping for high end condominium.

Look at Denai Alam, Sime Darby is offering great deal now!

This post has been edited by GHz: Apr 2 2009, 03:13 PM

These are the benefit that home buyer will gain through this campaign.

Special Down Payment scheme, with initial payments as low as RM3,000.00 and the differential sum payable in instalments of up to 12 months. Payments can be made by cash, credit card & cheque. Bumiputra discount can be used to offset against the differential sum.

Free stamp duty and legal fees. This includes, FREE Stamp Duty on Memorandum of Transfer (MOT), FREE Legal fees and disbursement on Sales & Purchase Agreement (SPA), FREE Legal fees and disbursement on loan documentation, FREE Stamp Duty on loan documents. The saving on this fees is about RM14.5k for a house price of RM350k & it goes as high as RM134k for RM2.5million house.

Early Bird Rebate & it depend on the month of signing Sales & Purchase Agreement with down payment. The Early Bird Rebate will be paid in CASH on vacant possession, after deducting all outstanding dues. Up to RM10k but now only about RM7k

No interest to pay during construction. Saving is about RM9k for for a house price of RM350k & it goes as high as RM71.6k for RM2.5million house.

Fixed BLR-2.3% upon vacant possession for the whole financing period