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Old 27-07-2019, 06:16 PM   #1396
Senior Member
Join Date: Nov 2007
Posts: 1,112
Yes, the land bid price is slightly lower than sumang

Canberra - land price $558ppr
anchorvale- land price $558 ppr
Sumang - land price $583 ppr

After sumang land parcel, the developer is subjected to new ruling whereby they hv to pay Additional Stamp duty of 5%(Sumang no need to pay).. .. so ultimately, do u think dev will absorb the 5% or pass down to buyers?
I think hor.... for any business, you can only pass down to the buyers if the buyers are desperate to buy.

And one strategy to increase desperation is to keep making buyers fear missing out current prices due to future potentially higher prices.

But, when the agent presented it to me the same way, I just smile smile and say pass down to buyers, then easier to continue the sales presentation without interruption.
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