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Old 21-05-2020, 09:20 PM   #1900
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Join Date: Aug 2019
Posts: 813
just because the developer bought the land cheap doesnt mean they will price the new launch cheap.

Kopar @ Newton bought land at S$1,100 ppr but they launched at at average of $2,350 psf anyway...

they are profit-driven and they will test the market as far as possible to achieve a price range that will earn them the most.. not blaming them but everyone just gotta earn their own dough
Although we were celebrating Koparís low land price before launch, this same factor is now posing a big threat.

If sales slow, the higher margin simply means that Cheap Eng Seng can slash prices at the expense of earlier buyers without making an overall loss (Recall how they screwed CityVista Residences 8 years ago)
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