- Jan 27, 2005
- Reaction score
Appreciate your detailed response. I would like to add another dimension to that.
In an ideal situation, it would help if we are able to add another dimension to the analysis. Like what we think are the buyers’ response one year after the purchase. Would it be ‘well bought. If I were in the same situation, I would have still bought’ or ‘damn it, I should not have bought or should have bought X instead of letting people sweet talk me to buy Y’.
For luxury condo, generally, the rich do not mind even if their properties depreciate in value because they are paying for the ‘enjoyment’ value and don’t mind losing money ( they have too much to be very concerned).
For the case of twin vew buyers or the early bird buyers of project who subsequently dropped prices, we know what they would say.
For the mass market ones, if we are able to break this down, we can understand buyers’ reasoning and buying sentiments. in the last one year, property prices did not appreciate much as compared to FD or even bond rates, and given MAS forecast of economy, it would be interesting to see what lies ahead.
Thanks for adding that dimension in your thought process.
This also serves as a good reminders to buyers that DYODD is so important.
Spurred by some discussions and good sales transaction in the Parc esta thread recently, today I decided to visit Parc esta to satisfy my curiousity. Must admit was rather impress with its layout, furnishing, unobstructed floor to ceiling window view, low maintenance fee and site plan etc. pricing wise was around 15xxpsf, quite reasonable for a RCR project with mrt and many eateries at doorstep. The only downside is it’s a mega project. Must say MCL has put in a lot of thoughts in this project. Was informed that yesterday, a big family bought a total of 16 units in Parc esta of different unit sizes.
Bro, In life, u win some, you lose some la.
While Some projects are set to fail in the beginning, there’s some projects that still worth considering.
Happy hunting and enjoy your weekend bro.