In message , at 17:51:26 on Sun, 13 Sep
2015, tim..... remarked:
IME Developers want to charge premium prices for their new-builds far
in excess of what they cost to build

The price is based on the cost of the land,...

Oh how naive of you

the minimum selling price may be based upon what you say but the actual
selling price is based upon what the developer thinks punters will pay,
often the latter is significantly in excess of the former

I disagree. Having studied this business model in some detail, the
minimum selling price for property is around 80% of what they are
marketed for. And why would a developer go to all that trouble to
then sell at cost?
--
Roland Perry