02/15/2017
M City project for $1.5 Billion real estate development in downtown Mississauga.
As Platinum Club Realtor with Kingsway Real Estate I have a platinum access for M City project.
By the time a new condo project’s sales centre opens its doors to the public, the building can be as much as 90% sold already. How does this happen? Condo developers in GTA generally follow a simple staggered marketing formula for selling their buildings and it goes like this:
1) Friends and Family sales event (5-10% of units get sold)
2) Platinum VIP agents get access (30-40% get sold)
3) VIP agents get access (20-30% get sold)
4) All agents get access (10-20% get sold)
5) Pre-registrants get access (5-10% get sold)
6) Grand Opening to the public (last 10-20% gets sold)
With each step along this continuum, selection of units goes down and prices tend to go up (the hotter the project, the more the prices can go up)
It might be as much as 6 months between the first friends and family event to the grand opening to the public.
Platinum VIP agents are the first group of people to get access to the building outside of the developer’s own friends and family.
Understanding Platinum VIP
The Platinum agents generally sell the largest chunk of the building.
As a Realtor has Platinum access to M City Condo in Mississauga
Please call me @ 416 558 4305
Or email:[email protected]