Posted by ks55 > 2018-11-04 16:16 | Report Abuse

IOI cannot afford to lower selling price for new launch.
So many existing housing stock yet to clear.

It is common knowledge that they jack up selling price to cater for loss on bank interest, then they will offer bigger discount to bring back the selling price before price hike.

On paper, selling price won't drop but increased.
Loan amounts up to 90% by panel bankers as end-financiers on S&P on jacked up price will enable buyers to buy without footing out any dawn payment form their pocket.

Win-win-win for IOI, Bankers and Buyers.........