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- Jul 21, 2012
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GRR is a marketing gimmick, according to a sales person for M Condo of MB Land.
GRR is already priced into the condo when they market it.
An example would be KSL D Esplanade Residences above KSL City.
Without GRR, it is a whopping RM700 psf in 2012. KSL probably sets the tone for the high psf and the rest followed. Eg. KSL units sold out quickly. Developers say, hey wtf, RM700 psf for a condo in 2012 can sell so quickly? Let's do it man.
After GRR, the price per square feet is a more 'reasonable' RM 570 psf, but still considered ex in 2012.
GRR is already priced into the condo when they market it.
An example would be KSL D Esplanade Residences above KSL City.
Without GRR, it is a whopping RM700 psf in 2012. KSL probably sets the tone for the high psf and the rest followed. Eg. KSL units sold out quickly. Developers say, hey wtf, RM700 psf for a condo in 2012 can sell so quickly? Let's do it man.
After GRR, the price per square feet is a more 'reasonable' RM 570 psf, but still considered ex in 2012.
Brios Residences project by CWT Holdings - partially furnished...and no GRR...Brios 2-bedder is huge and price not with my reach...
Do you all know whether in terms of quality, CWT Holdings or IOI better?