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Old 28-07-2019, 06:56 PM   #1560
Merg91
Master Member
 
Join Date: Dec 2018
Posts: 2,498
Few overestimate but many developers have huge holding power.
Anyway the projects are launched at least 3 years ahead of TOP & few are in a hurry to lelong off even if they have overpriced in some.

A project sold out too soon they launch = zero left.
It is not IPhones which they can churn out more
week /month.

Bidding for new plot is intense & never easy to win.
Whopping 17 bid for this Sumang & you won't know your competitors bid price.
https://www.businesstimes.com.sg/rea...rd-for-ec-land

Just like overestimating the price they can set, is also common. I am sure they go through the relevant discussions with their shareholders before setting the price.
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