errr..this discounts are always there no?!.... 

Yes, indeed developers are coping hard.  And it's about time they are put in this situation.  They have been complacent for far too long.  Some hotshot like SPSetia introduces a 5/95 concept - and our mouth is drooling.  It should have been an industry norm and practice in the first place! If they don't have the proper capital strength - too bad - out they go - bankcrupt for all I care.  The industry should be more darwinian and competitive.

Well, I see your point on sub-sales.....however, I actually expect sub-sales price to be flattish or slightly increasing in landed residential areas......prime areas - i think the price will actually trend upwards.  In general, banks would tend to shy away from the "new to bank" market or under con market.  We expect the sub-sale market to actually be more competitive as banks would want to compete in this area.  Why? The quality of the collateral is good, customers in this segment may be of better credit quality, and the customers themselves may be motivated to refinance.

cheers.

too bad the 30% drop only applies for KLCC props.............else would have gone in bare to snap good assets at 30% off. 

If u look at the demographics and pyschographics of the people staying in landed prime prop's - they are in league on their own.  History and time has proven that areas like TTDI and BU will not fall by quantums like 25% or more.  Frankly, I do not even forsee a drop of 10% or more in those areas - at a worst case scenario. 

In fact - the prices there will only be stagnant or slightly increasing.  Why? The residents there have high bargaining power.  They are free from any encumbrances.  They mostly buy for their own stay.  There are hardly, if not no motivated sellers.  TTDI probably has the highest retiree composition in the country.

sub sale cases have been reducing in Banks since July last year. My point is this - subsales volume could trickle in prime landed residential areas - and the prices would still hold.

Give u one example - One DSLH which I am eying in Athinahapan 5 in TTDI is still holding at 780K.  He has put the house in the market for close to 8 months now.  And he has refused to budget even RM 1 on the price, despite getting serious offers from buyers.  Secondly, and this is the best part - he has not bothered to rent it out.  It's still very empty inside.