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Thread: Is this a good strategy? Developer ABSD rebate only for buyers with >=1 properties??

  1. #1
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    Default Is this a good strategy? Developer ABSD rebate only for buyers with >=1 properties??

    What do you guys think?

    That means buyers who have not owned a property (i.e. not affected by ABSD) will not get to enjoy such discount. That means, it is not a gimmicky "ABSD rebate" that many other developers are currently using.

    Heard it might happen at Prince Charles Crescent soon. For a high-end product, guess it might work because those with deeper pockets for a premium product usually would have already owned their first or second or more properties. Relieving them of ABSD might entice them to buy.

    See Jonathan 96882200's dropbox for more info.

  2. #2
    Ultimate Underdog

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    Price discrimination. Is it even legal? Then is equivalent to Govt removing ABSD. Will it even be allowed?

    Quote Originally Posted by sunboy77 View Post
    What do you guys think?

    That means buyers who have not owned a property (i.e. not affected by ABSD) will not get to enjoy such discount. That means, it is not a gimmicky "ABSD rebate" that many other developers are currently using.

    Heard it might happen at Prince Charles Crescent soon. For a high-end product, guess it might work because those with deeper pockets for a premium product usually would have already owned their first or second or more properties. Relieving them of ABSD might entice them to buy.

    See Jonathan 96882200's dropbox for more info.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  3. #3
    Junior

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    Quote Originally Posted by sunboy77 View Post
    What do you guys think?

    That means buyers who have not owned a property (i.e. not affected by ABSD) will not get to enjoy such discount. That means, it is not a gimmicky "ABSD rebate" that many other developers are currently using.

    Heard it might happen at Prince Charles Crescent soon. For a high-end product, guess it might work because those with deeper pockets for a premium product usually would have already owned their first or second or more properties. Relieving them of ABSD might entice them to buy.

    See Jonathan 96882200's dropbox for more info.
    Is it a genuine discount or just another markup with gimmick?

  4. #4
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    Quote Originally Posted by Kelonguni View Post
    Price discrimination. Is it even legal? Then is equivalent to Govt removing ABSD. Will it even be allowed?
    Hmm... isn't this what the government had wanted - to cool prices?

    Anyway, selling an unit that faces the bin centre at a cheaper price over one that is facing the pool is also a kind of price differentiation ma. Different target group, different price.

    It is legal as long as any discounts/ reimbursements/ etc. are declared to Controller of Housing.
    Last edited by sunboy77; 24-05-14 at 16:37.

  5. #5
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    Quote Originally Posted by yowetan View Post
    Is it a genuine discount or just another markup with gimmick?
    Genuine discount. Cos those not paying ABSD will not have such a discount.

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