AOA All,
Parkview file prices for were as follows in the morning
1 kanal 20.25
10 Marla 14.25
In the afternoon the prices were reduced to
1 kanal 19.25
10 Marla 13.50
Why is that, any specific reason for the price change within hours?
LRE replied on Friday, January 7, 2011 02:43 AM
Dear sir, please read again:
DHA-8 Lahore Ex Parkview 1 Kanal Allocation File Available Seller(S) At 19.25 Lacs
DHA-8 Lahore Ex Park view 10 Marla Allocation File Available Seller(S)At 13.50 Lacs
We cannot reduce or increase prices. Only the Buyers and Sellers can do that. This is not price. Price is where Buyers and Sellers agree to make a deal. These are sellers demand prices or the amount they desire to sell at. The change in price as mentioned by you only means seller willing to sell at lower prices than previously quoted due to lack of buyers. These files are thinly or rarely traded these days and based on supply and demand of even 1 file rates can change up or down within hours.
If you want to buy at the quoted price give us a confirm offer. If you are a seller and want to sell you will have to compete with the above mentioned prices to attract buyer(s). Similarly it may happen that several buyers want to buy and the sellers change their mind or increase the demand. In that case the demand price will go up. That is basic market dynamics. |
