My take is might be harder to sell more because first timers dont have the buying power of 2nd timers.
Unless more quota is open for 2nd timers, I can't see many first timers young couples affording 1.5 mil and up.
imagine this
quota for 2nd timer 246
239 bought
quota for 1st timer 574
133 bought
only 23% of first timer quota filled.
mmm, yeah agreed, unless they have family support.
Young couples are likely to buy the smaller quantum units, and I notice that young couples are also not too ambitious on their need for space, a friend of mine who is getting married, ended up buying a 2 bedroom at RF.