Pravda Posted September 13, 2021 Share Posted September 13, 2021 Interesting....I've never seen this before. Times must be really tough. https://www.scmp.com/business/article/3148446/after-rebates-and-freebies-thai-developers-auction-flats-online-bid-shake Link to comment Share on other sites More sharing options...
Yellowtail Posted September 14, 2021 Share Posted September 14, 2021 You've never seen a sales gimmick before? Link to comment Share on other sites More sharing options...
Airalee Posted September 16, 2021 Share Posted September 16, 2021 Various developers in Seattle did something similar after the US housing bubble popped. Their original asking prices were so high that the discounts weren’t necessarily good deals when the Price/Rent ratio was taken into account. Similar to what I see in your linked article is that there are undisclosed reserve prices and you can bet that at the reserve price, they’re still making a profit. Furthermore, when I saw it happen in the past, it was usually carefully selected units with some sort of drawback such as a low floor, blocked view or wonky floor plan. Link to comment Share on other sites More sharing options...
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