vanpro wrote:Let's see if this ends up like another Rennie sales bust - i.e. like Olympic Village that had exactly same hype and claims of being sold out on first weekend, yet buyers dropped deals, hundreds of units turned out were NOT to sold on first weekend and it turned out it was all a lot of hype w/ no real substance....
Also, this is yet another example of LOCAL Chinese buyers, NOT from Mainland China, thus refuting the myth that it is foreign money fueling speculation in Vancouver real estate:
http://www.news1130.com/news/local/arti ... anada-line
One buyer, Cynthia Lam, says Marine Gateway has several things going for it.
"The SkyTrain station, and there's going to be a big Chinese supermarket - the T & T, nice view, reasonable price," says Lam who spent $464,000 on a two bedroom unit with her husband.
"We're just planning for retirement because we live in a house right now, so when we get old we won't be able to walk up and down stairs, so we bought a condo unit." <ie NOT from Mainland China, they already live here, in a house>
http://www.ctvbc.ctv.ca/servlet/an/loca ... lumbiaHome
"Stephen Tse, from Vancouver, only found out about the sale on Saturday morning. He managed to snag the very last unit, and intends to live in it after he retires."
415 condos sold. The media interviews the only 2 local buyers in the project (purposely staged to diffuse the Mainland Chinese/Foreigner buyer uproar by the locals) and you extrapolate that all 415 buyers are local and no Mainlanders have bought. Vanpro, doesn't your hypothesis sound a little absurd to you????