Originally Posted by
thomastansb
Fully agree.. Think lease starts from 2007. So 2012 TOP left 94 years. 1150psf can kiss my ass. Really only idiots will buy this. Even at 950psf, I think it is dumb. But 'ren ge you zi'. As long as not I lose money, I don't care. The warnings have been sound. Whether the idiot wants to buy or not, it depends on him/her.
Anyway, gfoo will know this better than anyone. At 1150psf, what if drop until 900psf? 900psf is still on the very high side for such lame location. When it hits 900psf, then all the best. Prepare your ass to receive letter from banks asking for top up. If drop until 800psf, your ass sure bleed. And at 800psf, it is only a fair pricing for such lousy location.
Also agree on the 7k psf theory. I think my sail can sell at 3000psf if AMK subsale selling at 1300psf. Assuming 5% profit after deducting bank loan penalty and stamp. But anyway, I will take this 1150psf to buy river valley anytime. No offence to those staying at AMK but seriously, it is only a suburban area. So far and perpetually jammed (both human and cars). But if anyone ass get burned, let me know. I will buy from you at 750psf - a fair price for this location.