Asked by Allen Lee
Hi, currently i am considering buying into an area where there are alot of new developments under construction. These new projects has fetched a much higher price then the one i am considering.Given this backgroud, the first question would be, would these new developments rise the price of the project i am considering purchasing since they are fetching a higher price.
My second question is would these new projects adds to the supply in that area hence reduce the price of the development that i am considering to purchase? Thanks
My second question is would these new projects adds to the supply in that area hence reduce the price of the development that i am considering to purchase? Thanks
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