Originally Posted by
sunboy77
Unless you are a property agent, you will never see a true-and-true firesale landing on your table.
For quite some time already, I have always believed that a genuinely, damn bloody good lobang will always end at the property agents stage. I mean, if you are a property agent, and some desperate owner now asks you to let go of his Sail, high floor, bay view, at $1500 psf (example for illustration purposes only), will you not, as a property agent, buy over it yourself and flip? Or pool fund from friends/colleagues and buy?
That's why I say, a genuine firesale will never come to the open market.