Summercon behaviour is in bad faith

<p>Summercon is now marketing their Cedar Loft studio units in Fourways by over R150,000 less since I acquired mine a year ago. I appreciate that Summercon is free to dispose of the units at any price it sees fit, but it represents poor development planning and behaving in bad faith to other property investors in their development.</p> <p>If I buy in the first phase of a development I expect future phases to be priced more expensively to secure the investment I have made. Not all developers get this right, but I expected Summercon, given its experience, to get this pricing right. I will be more circumspect in purchasing investment property from Summercon in the future and less confident in their ability to price at market related prices. No-one wants to purchase a unit and then find that they could have purchased it significantly cheaper a year later without a corresponding drop in market prices. </p> <p>I don't think I have a minority view on this. If canvassed I think all the investors in the development would be irate to learn that units are being offloaded at significant discounts which affects their values, at least in the short/medium term, as well as their rental yields. </p> <p> </p>