My advice is "don't wait to buy property, buy it now and wait"
You won't get caught in bubble pop, if you know the investment game.
Bits of advice with a caveat thrown in. Smart!
Hahaha...
Ok..here some points for mwf members
Rule no 1: Have a plan.
Rule no 2: Do your homework. (Read, survey, view etc etc) Don't just follow others blindly.
Rule no 3: Work closely with your experience agent/negotiator.
Before you know it, you will be owning properties one after another.
We talked bout developer internal booking prior to release to public. Directors, staff, loyal customers, business associates and suppliers always get the 1st bite. It is a fact. Some get bigger discount and some may not.
It is common and is within the rules. Developers are in the business to make money. The unsold units are release to the general public. While we may cry foul and it is also within our rights to say so.
Thats how the capitalist system works. I mean, if our g/f or family members are some big shots, we also hope to get the priviledge. Years back I know some top developers did not allow pre-booking but it is a different game now.
Today new launch properties are priced almost same or above sub sale w sexy finishes & design thrown in. They are better informed and really go for the 'kill'. A common denominator - profits n more profits.
This is corporate Malaysia, my friends.
Sm
For Directors and landowner (if JV), they do pick some units for themself to sell or rent in future.
For staff, I doubt it. Say booking fees is RM5k, 10 units will be RM50k. Recent hot property booking fees gone up to RM15k-20k. Can they really afford to lose it, if they couldn't sell back to the public within the time frame? Or maybe they could buy 1 or 2 units each.
So why most of the time when the property launching day you couldn't find any good units left or all sold out? Here are the marketing strategy and main reason. Months before launching, the developer marketing have been seeing people in real estate agency, investors group and etc to tight up with agent to promote their property. Believe it or not, some individual investor buy in bulk (5-20 units) at a go and some investor group buy in block (whole block or half block), if its a good location property and the price is right. Of course this translate to slightly more discount.
If you are into property investment / buying for own stay, I do suggest you work closely with your experience agent.