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Buying a new flat, 1% cash rebate from agency?

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  1. #1

    Join Date
    May 2021
    Posts
    3

    Buying a new flat, 1% cash rebate from agency?

    Hello

    Does anyone have experience with buying a new flat from agency?
    I want to buy a new flat that will be admitted in next year.
    My agency gave me a price list and basically their prices are the same as developer's.
    But the agency agreed to give me 1% cash rebate.

    For example:

    Developer's original price $1 M
    Developer offers some discounts 2-5% depending on payment methods : The prices after discounts are $980K-950K
    Agency cash rebate after completion: $9800-9500

    May I ask if this would be the best deal I can have?
    Is there anything else I need to know?

    Cheers


  2. #2

    Join Date
    Nov 2005
    Location
    Cramped island
    Posts
    5,585

    Check around for info.. depending on the estate (whether there are alot of unsold units and developer eager to clear the stocks).. some will give alot more.. i have heard of 3-5-7% rebates being given out by the agents for some of the really hard to let go units.

    traineeinvestor likes this.