Global finance: off-the-plan price drop crisis

The latest figures from property data provider CoreLogic reveals that 60% of off-the-plan apartments in Sydney, and 52.9% in Melbourne, were valued lower than their contract price at the time of settlement, according to a report from ABC. Ivan invited the lecturer from Sydney University Business School, Dr. Wei Li, to explain whether this phenomenon and its risk has always been there in our off-the-plan property market and how buyers could reduce their risk.

Source: Getty Images

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