NiShiZhu
Banned
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- Jan 27, 2005
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for 2nd or 3rd hand props price to plateau or drop make sense based on your explanation. i will study more n decide carefully. quite worrying if it's statistically consistent across e board. means no one would wan to b a 2nd hand or 3rd hand buyer
Case by case basis.
For example, if the first buyer hold the property for more than 20 years, then the 2nd buyer will left with little or no cap gain as the property condition will gets older, more run down, reduced lease etc.
Of cos if the first buyer holds the property until TOP and sell at a small profit, 2nd buyer will still have some room for cap gain.
Ask yourself, why D15 projects such as costa de sol and Côte azur can only transact at 12xxpsf psf to 13xxpsf for so Long and both does not see an increase in resale price even when seaside residence was launched at a much higher psf around 19xx to 20xxpsf?
Another example,
Sunhaven (FH) and savannah (LH) is also around the same era condo and they are just side by side each other, with sunhaven launched just a few years earlier than savannah. Both now stagnated at 8xx to 9xx psf.
Does FH property like sunhaven be better off compared to savannah (LH) in terms of its resale price?
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