Originally Posted by
Squall8888
I don't think so. Other projects have already recover back to 2007 peak level. Or not far from there. But if developer down price, then those early buyers will suffer. Like far east, I don't see them lowering their prices by that much in the crisis. They just stop selling. At least, you know the value will go back to developer prices during up turn. Now, people are just thinking that Aristo was sold by developer at 1100 psf and thus, the pathetic psf now. That is a 40% discount which is suicidal for those who bought in 2007 peak.
I mean, just look at other projects. Silversea, one amber, clift, esta, seaview etc. Silversea is the best comparison. Launched around 1400 to 1500 initially after discount, then during crisis, lower to 1300 but that is about it. Now, 1600 psf. Can you imagine silversea discount 40% to 900 psf, then people will always think silversea is 900 psf.
So must buy with your eyes open wide and big.