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Old 12-07-2019, 10:22 AM   #495
SBC
Arch-Supremacy Member
 
Join Date: Mar 2001
Posts: 10,539
Thing is few are going for resales. Everyone loves new launch, because of various reasons, some because they don't know how to do research and simply look at adverts on the saturday newspapers.

Half of the new launches are from previous en bloc sales. Obviously there will be demand from price insensitive people who stuck the windfall. They provided the support for these high new launch prices, and others come to join in panicking on the basis that there are transactions at the high psf prices. Developers are actually smart in a way to target en bloc land, they created they own pool of demand. well done to the developers but unfortunately that demand is drying up faster than expected.

There are many more new launches in the second half, in case all have forgotten.
Many Gong Gong buyers had $ in such way while too knowledgeable buyers are still waiting at the sidelines.
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