Asked by CS
Is it true that buying condo during showroom launch will have high chance of making good profit? What are the statistics of such profit success? Possible to make a loss?
1197 views
4 Answers
Hi CS,
The chances of making a loss of getting a new launch project is relatively slim or zero, as the price of the project will definitely higher when it is near to TOP.
As for good profit, it got to depend on how good you want.
Cheers,
William Koh
9027 1972
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
ERA Read More
The chances of making a loss of getting a new launch project is relatively slim or zero, as the price of the project will definitely higher when it is near to TOP.
As for good profit, it got to depend on how good you want.
Cheers,
William Koh
9027 1972
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
ERA Read More
Morning CS,
When it comes to investment, it's a double edged sword. When economy is good, you will definitely profit from it but when it's bad, it's bad theoughout the market.
It's simple math. Developer are the first hand dealers, hence you get the best price. If you are at the end of the food chain, you ended up paying more than the cost price.
FYI
Mike Lim
96929209
ERA Read More
When it comes to investment, it's a double edged sword. When economy is good, you will definitely profit from it but when it's bad, it's bad theoughout the market.
It's simple math. Developer are the first hand dealers, hence you get the best price. If you are at the end of the food chain, you ended up paying more than the cost price.
FYI
Mike Lim
96929209
ERA Read More
Hi CS,
Although its true that when a project TOP, they will usually command a higher asking price due to the enquiries from the public.
However, its not always true that you will not make a loss as long as you buy from developer.
A few reasons why prices will increase
- you bought at 5 years ago, there are time for appreciation
- there are buyers who will only commit after seeing the finished product
- there are buyers will want a new place and they prefer new developments at the point of time
- some investors decide to buy when its TOP due to immediate cash flow returns
However, if you buy a isolated development with no demand from buyers (bad location) at a point when the prices are sky high and when its TOP, prices are at the lowest point (wrong timing). Your chances of making a profit after factoring agent fees, stamp duties are pretty slim.
Cheers.
Ken Tan
96461490
Huttons
more info, go to www.96461490.com Read More
Although its true that when a project TOP, they will usually command a higher asking price due to the enquiries from the public.
However, its not always true that you will not make a loss as long as you buy from developer.
A few reasons why prices will increase
- you bought at 5 years ago, there are time for appreciation
- there are buyers who will only commit after seeing the finished product
- there are buyers will want a new place and they prefer new developments at the point of time
- some investors decide to buy when its TOP due to immediate cash flow returns
However, if you buy a isolated development with no demand from buyers (bad location) at a point when the prices are sky high and when its TOP, prices are at the lowest point (wrong timing). Your chances of making a profit after factoring agent fees, stamp duties are pretty slim.
Cheers.
Ken Tan
96461490
Huttons
more info, go to www.96461490.com Read More
Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.
If you are currently or planning to find a property agent, I can assist.
If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.
https://www.era.com.sg/R064892F
If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.
Landon Chew
97 39 60 40
landonchew@email.com Read More
If you are currently or planning to find a property agent, I can assist.
If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.
https://www.era.com.sg/R064892F
If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.
Landon Chew
97 39 60 40
landonchew@email.com Read More
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