Are people really occupying the greatWall gardens as at today really?
Where is that sewage coming from?

This place will be hawt.

The answer is "YES" & "NO"

Let me explain:

This is what basically happens, based on previous project, if you look at the cost break down it looks like this
i) Stamp Duty (4% of House Value by government valuation) 280,200
ii) Registration fees 500
iii) Consent to lease 1000
iii) Stamp duty on Sale Agreement 310
iv) Legal Fees (VAT inclusive) 40,000
v) Disbursements 10,000
vi) Transfer of Reversionary interest 500
Then there is another "93 K"


There is one outlier in this costs
i) Stamp Duty (4% of House Value by government valuation) 280,200


There is NO way on earth those houses can be valued at 7M, Infact the Valuation is not yet done. But why do they do that?

There are people who are eager and waiting to get in to their houses so the will pay a valuation of "7M" hence the 280K, however once the correct valuation is done you will be refunded the upper amount. Assume the valuer values the house at 4M the 4% moves to 160k, that means you will get a refund of (280k -160K= 120K)

My brother you will chase that cheque, several trips to their lawyers.. its not worth.

Then there people who are not in a hurry or (dont care) they will wait for the correct valuation, once its done that outlier will be changed to the correct value, and you will pay less by around 120K.

But you have to wait, the valuation can be done in Nov/December/Jan call their lawyers office to confirm.

I hope thats clear it:

"Yes": if your in hurry you will pay 425K to access the house. But you will be left "fighting hard" for a refund cheque

"No": If you are patient, you will pay less but be patient for several months

I'm new to this industry and that's why I didn't know about valuation. It makes sense to wait a little bit longer then.
Can they allow someone to inspect their unit even if you won't take possession of it at that time?

Great