Guys this is a different market segment. The blank cheque is a known practice when the developer is well known and the agent has prior dealings with their group of customers. The moment the soft launch, the prime units are immediately snapped up within minutes on the backs of these cheques. Pricing is usually done at the last minute after a series of viewing and taking market reading.
Nobody gives a blank cheque connected to an account with millions. Its an account for that purpose.
No blank cheque means you end up with unit looking into a blank exterior wall and other undesirable units. The only option is go into the open market and look for flipped properties.
Another of your unsubstantiated posts. I can point out at least 5 mistakes in your post but i won't bother since you mentioned somewhere "this is an anonymous forum and you must be a gullible idiot to ask every post to be substantiated".. in other words you acknowledged you bullshit a lot here and people should not take what you write seriously.
Just so that others understand the extent of your bullshit let me point out your mistakes:
1) "Guys this is a different market segment" - don't bullshit, this is the practice in all soft launches. The cheque is to secure a queue number and filtering off serious potential buyers from the 90% who are only there to look see.
2) "The moment the soft launch, the prime units are immediately snapped up within minutes on the backs of these cheques" - don't bullshit, these cheques merely give you a queue number, no guarantee of getting a prime unit. In any case, prime units are normally reserved for connected people, these queue numbers merely give you priority to pick among the second tier units.
3) "Pricing is usually done at the last minute after a series of viewing.." - rubbish, pricing is already pre-determined. The exercrise is merely to create a hoohaa for the property and secured at least a certain % of purchasers, much like IPOs going for institutional investors.
4) "Nobody gives a blank cheque connected to an account with millions. Its an account for that purpose." - don't bullshit, you know every property buyer in the market to conclude nobody does that?
5) "The only option is go into the open market and look for flipped properties" - another wise statement from scroobal, something to the extent "your mother is a woman"
Scroobal, your flowery language cannot hide your ignorance.
