Hmm...been going around the respective Batam condominium office to ask around during my last trip. Looks quite a handful of developer has increase their initial selling price once after construction works progress.
Baloi Apartment used to be 248 juta...
...and their new brochure now shows 258 juta.
Citra Plaza (opposite Formosa) used to starts off at 409 juta during their launch for Tower 1 but its recent Feb 2019 launch for Tower 2 starts off at 460 juta,hehehe...and their main office no longer sells apartment in Tower 1. If anyone notice the my previous post :
https://samleong.shop/showpost.php?p=18...ostcount=13741
...they might probably saw one of the brochure saying Tower 1 is 95% sold out,hehehe...
Looking through quite a handful of Condominium office in Batam (and trying to communicate with them), i learned that Pollux Habibie apartment sale representative were the MOST aggressive. Perhaps due to one of the 4 new tower were about to launch during my last trip,hehehe...they sure build fast.
Citra Plaza's developer the Cipta Group has a new project near Batam Center too. And the price was rather...attractive.
...and another thing i learned in this trip of my Apartment sourcing is, there really is no such thing as a interest free installment in Batam.
The longer the installment, the higher the primary amount would be. It may sound like a common sense thingy, but well...a handful of these developer's uses 0% interest installment to entice customers into buying. I only found that out after comparing their price chart after reaching my hotel room.
There was one condominium launch that i was trying to look for but i couldnt find their sales booth or office in the shopping mall that i was at tho.
They were suppose to build "something" somewhere near to Nagoya Mansion and i am guessing they were now doing their ground work as of now. Price according to Rumah were around 370 juta to 380 juta. But one has to consider that this Thamrin condo will unlikely have swimming pool or gyms.
Location wise should be pretty cool since they are almost beside Nagoya Mansion,hehehe...and that price is quite affordable.
Harbour Bay Residence is another one which i am looking at too.
It is so far one of the very few condominium that has already finished building. The price isnt cheap as the size of their studio werent small (around 36 square meter) costing about 750 juta to 850 juta. The developer were still struggling to try to sell it (price didnt drop tho).
Notice some developers were able to completely sold out their units in one block even before it was built while others were still struggling to sell it even after they have already complete building after nearly half a year?
I am still thinking...Batam has about 1.5 million population today, will there be too many empty apartments down the road over the next 3 years when most apartment block finished building? I am sure given around 5 years later, i highly doubt the population would shoot up to 2 million or more. So for now, i would be thinking of just one unit. My target is 3 to 4 units tho. Hmmm...
Just compiling my findings so far.