Piermont Grand difference between private condo

The real estate research studies conducted by OrangeTee showed that the average price gap between ECs and brand new condos stood at about 20 percent price gap difference. This was the result of the selling restrictions that are available to ECs. Additionally to the constriction costs and the base price of land. But once the ECs has finished the MOP and are privatized, this price gap decreased to 9 and 5 percent. What this means that owning a unit at Piermont Grand EC could be a valued investment. The studies has proved that out of the 25 EC properties that were privatized, 13 were making losses after the MOP period because they were bought during the boom phase. However, the balance 8 made great profits of 20 percent and more.…
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