of courseleh bro - if they price it at 500++ for the new launch with same size as the old and bigger house...those who bought at that price around 700-800k will spit on the sales ppl leh!!!
These are all mktg plan...if not, the 2nd hand value of the place will plunge like hell!!
I think prices won't drop already - look at the cost of materials nowadays....my fren was sharing with me that he was asking a contractor to quote for renovating his house in KL ...and he commented why so expensive ..only tiling the front lawn of the house ....1st thing the contractor told him was materials prices all gone up!! Petrol, diesel all up, what do you think??? surely the rest will follow...so die die, house prices won't drop back to 200-300k level!!....the simple reno cost 20k...i told him, so small place only and will cost me 20k leh!! nevermind, he went to get a another quote....in the end also almost the sameleh!!!
- All, RENOVATION COST is not cheap anymore!!! Materials and labour are all very expensive already...what more development cost of the house such as these...
i think prices like these of 600-800k are the norm already.....if you dun get a landed, our next generation may not be able to afford it!!
but then if the whole world economy crashes....that another story lah!!