Buying condo without knowing

[commoner]

I don't know what kind of world some singaporeans are living in.

Vision condo, people buy and deposit cheques without even looking at the showflat. Committing $1,000,000 purchase without even bother ro look. And the PAP govt is looking into it? Kan

BUYERS have snapped up units at a West Coast condominium despite the developer setting record prices for a mass market project.

Cheung Kong (Holdings) has sold all 100 units of The Vision released for its Phase 1 sale at prices 'from $1,000 to $1,200 per sq ft (psf)' for the two- to four-bedroom units, according to sales manager Cannas Ho yesterday.

However, market talk suggests that around 130 units or more have been booked. Sales apparently started on Thursday, when buyers handed over their cheques to confirm sales of 80 or so units without even viewing the showflat.

 

[jw5]

I don't know what kind of world some singaporeans are living in.

Vision condo, people buy and deposit cheques without even looking at the showflat. Committing $1,000,000 purchase without even bother ro look. And the PAP govt is looking into it? Kan

BUYERS have snapped up units at a West Coast condominium despite the developer setting record prices for a mass market project.

Cheung Kong (Holdings) has sold all 100 units of The Vision released for its Phase 1 sale at prices 'from $1,000 to $1,200 per sq ft (psf)' for the two- to four-bedroom units, according to sales manager Cannas Ho yesterday.

However, market talk suggests that around 130 units or more have been booked. Sales apparently started on Thursday, when buyers handed over their cheques to confirm sales of 80 or so units without even viewing the showflat.

They are pure speculators, absolutely no intention in staying there.
Otherwise they would at least take a quick look, right?

 

[whoami]

Somemore 99 yrs lease only....

 

[ManBearPig62]

Somemore 99 yrs lease only....

Exactly what I was thinking.

 

[ManBearPig62]

Somemore 99 yrs lease only....

Exactly what I was thinking.

 

[xebay11]

Simple formula, first launch developer makes, TOP time sub sale sellers make, 100% sure win formula, no risk that's why 100% sold at first launch.

 

[Einfield]

You Think? I know a guy who loss $600K recently trying to flip.

Simple formula, first launch developer makes, TOP time sub sale sellers make, 100% sure win formula, no risk that's why 100% sold at first launch.

 

[xebay11]

You Think? I know a guy who loss $600K recently trying to flip.

Where? Must be bad location. Did he flip at TOP time?

 

[Brightkid]

You Think? I know a guy who loss $600K recently trying to flip.

$600K loss by flipping? Please provide more details (what range of property, price and timing of buying and selling, from developer or sub-sales....etc) as the how he can loss that amount.

Just curious.

 

[tonychat]

You Think? I know a guy who loss $600K recently trying to flip.

must be a sinkie flip.