A friend of mine got to know a Shanghainese girlfriend. He is in his early fifties, still single. Good friend, successful in his business.
This girlfriend of his is in the mid 20twenties, known each other for about 2 to 3 years.
Can tell that he is quite happy with her, cos everytime during business trip to Shanghai, always watch tv with her
few times a day.
Told me recently, the girlfriend and family wants some stability and need his commitrment, to buy a house for her, wants them to get married.
The property in Shanghai cost about RMB3.5million (slight more than S$750k). Initially ask him to come out 30% DP and loan the remaining, which he has done so, but now, because of some problems getting the loan amount of the remaining 70%, wants him to come out the 70% instead and loan the remaining 30%
cut to the chase property cost is RMB3.5million, 70% payment is RMB2.45 million or almost S$500K, remaining 30% loan.
As from what I understand, foreigners is not allow to put the name in for property in China, as such, the property will be in the girlfriend name.
My initial thought is that this friend of mine, to put in bluntly, is crazy to do that to commit that amount of money.
But he told me, this girl really love him.
Was I wrong to tell him that, or he might think that I am being sour grapes, to have a syt for himself.
This girlfriend of his is in the mid 20twenties, known each other for about 2 to 3 years.
Can tell that he is quite happy with her, cos everytime during business trip to Shanghai, always watch tv with her
few times a day.Told me recently, the girlfriend and family wants some stability and need his commitrment, to buy a house for her, wants them to get married.
The property in Shanghai cost about RMB3.5million (slight more than S$750k). Initially ask him to come out 30% DP and loan the remaining, which he has done so, but now, because of some problems getting the loan amount of the remaining 70%, wants him to come out the 70% instead and loan the remaining 30%
cut to the chase property cost is RMB3.5million, 70% payment is RMB2.45 million or almost S$500K, remaining 30% loan.
As from what I understand, foreigners is not allow to put the name in for property in China, as such, the property will be in the girlfriend name.
My initial thought is that this friend of mine, to put in bluntly, is crazy to do that to commit that amount of money.
But he told me, this girl really love him.
Was I wrong to tell him that, or he might think that I am being sour grapes, to have a syt for himself.
