Analysis

Here’s Why These Condos Lost Money Despite Buying At A Property Market Low

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Francis
Francis
5 months ago

I am very amazed when you allocated all the reasons for government measures, urgent sales and Market fluctuation.
The biggest reason of all is always developer have done good marketing to sell high and hence buyer bought a high price.

Every property media are often shy to mention this fact in bid not to offend the developers.

I am not saying developers are wrong. In fact, I will behave the same way as them. The message to the buyers is to be aware that developers have this behavior and hence they should be careful

Stacked Homes
Admin
5 months ago
Reply to  Francis

Hey Francis! Thanks for sharing that. It’s true that ultimately, it’s down to how it was priced. But the reason for the loss later on could be due to things like timing which affects all developments, not just the new launch. So it’s not really fair to say it’s due to marketing given there’re many reasons why the secondary market may not pay as much as the first buyers. With any purchase, be it new launch or resale, the seller would want to price the highest. Buyers should be aware that the seller’s interests and theirs are not aligned which is why it can make sense to engage a professional to guard their interest.

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