Is there a way to filter through the noise and find a good property investment deal?
Well, this is one method that I use to spot potential deals for my clients and it’s called “The Developer’s ABSD effect.”
- Real estate developers face an ABSD charge if they fail to develop and sell all units in their development within five years of land acquisition date.
- If the deadline is not met, affected developers will have to pay a hefty ABSD charge with accrued interest.
- To avoid this, developers may offer discounts or incentives, engage in aggressive marketing, or lower prices as we have seen recently with certain projects.
If you enjoy hunting down a good deal too, PM me to find out which are the 33 projects facing an ABSD deadline this year and whether possible discounts are on the horizon!
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