The 'flipping in 3-6 months' days are over!
Buyers now should be prepared to pay at least 3-4 payments of 10% before selling...
There is just too much on the market for the quick flips. Furthermore direct from developer offers continue to flood the market, making it harder for the secondary market to move as quick as it used to.
My prediction is since direct from developer properties are getting much more expensive, that region of the market will see a drought... The re-sale market will begin to flourish once the imminent correction takes place and prices of certain projects fall at least 20%-30%
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