Congrats on the new office! The logic makes sense however it always seems like it rings a red flag to me when a project is sold for below market price in an area as it seems counter-intuitive as a developer to not price it at the market rate, how would you determine if a property launch that is below market price wouldn't have any issues or underlying problems? This is always a concern for me when I go to showrooms and the agents just keeps highlighting the fact that it is below market price
@dylanngan4 ай бұрын
First of all, thanks for the kind words! Well, regarding the “below market value”term being used by agents definitely needs to be verified, and unfortunately it can only be done by you. Not to say all apples are sour but it is always safer for us to check by ourselves, which is looking at the properties price and psf (apple to apple) within the 500m radius and 2km radius. Sometimes there are possibilities that developers really want to sell below market value for example 1) Land is being bought multiple years ago, so they can sell at a cheaper price to clear stock. 2) Developers have lesser confidence in the current market sentiment, so by cutting their profit margins will ease the sales. 3) Squeezing more units into a development, making it higher dense. Do remember to look at the psf and the absolute price to make a better decision.