Page 1 of 4 1234 LastLast
Results 1 to 10 of 32

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

  1. #1
    Banned

    User Info Menu

    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

    User Info Menu

    Default

    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

    User Info Menu

    Default

    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
    Banned

    User Info Menu

    Default

    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; 24th May 2014 at 03:37 PM.

  5. #5
    Banned

    User Info Menu

    Default

    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.

  6. #6
    Newbie

    User Info Menu

    Default

    Quote Originally Posted by sunboy77 View Post
    Genuine discount. Cos those not paying ABSD will not have such a discount.
    It's an excellent idea to level the playing field

  7. #7
    Newbie

    User Info Menu

    Default

    Quote Originally Posted by yowetan View Post
    Is it a genuine discount or just another markup with gimmick?
    Possible genuine discount. I remembered d.leedon during the launch, also give more discounts for buyers who bought their property from them before, staying within x distance and children studinging around that farrer location, all get additional discounts.

  8. #8
    Senior

    User Info Menu

    Default

    Developer should give loyalty card.

  9. #9
    Ultimate Underdog

    User Info Menu

    Default

    Quote Originally Posted by sunboy77 View Post
    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.
    That means to say second time buyers are not subjected to ABSD, which defeats the purpose of having ABSD to begin with.

    Price differentiation is different from discrimination. What will first time buyers think?
    The three laws of Kelonguni:

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

  10. #10
    Senior

    User Info Menu

    Default

    Life is always unfair.
    Quote Originally Posted by Kelonguni View Post
    That means to say second time buyers are not subjected to ABSD, which defeats the purpose of having ABSD to begin with.

    Price differentiation is different from discrimination. What will first time buyers think?

Page 1 of 4 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •