Buying a newly built home? You could consider purchasing property up to for re- sale in the secondary market. You could get early possession and even a cheaper deal than offered by developers in new project.
The trend will continue for the next 12 to 24 months until the inventory of unsold investor- owned flats remains on the market. Moreover, developers over the next 12 to 24 months will reduce their prices until the re-sale and fresh sale price converge.
Courtesy HT---31 March 2008
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