- Joined
- Oct 26, 2008
- Messages
- 5,208
- Points
- 63
Happened in Dubai. Happening here now.
All record transactions (99.9%) will involve a FT buyer or couple.
Inflate prices and some greedy banks flushed with money will ultimately lend the buyer(s) the money. Also valuation will differ from bank to bank. UOB is the smartest so forget them. Go for some idiotic banks from south asia.
COV is also very easy to manipulate.
After deal is done, FT buyer move in. Stay until cannot pay mortgage then fuck off and disappear forever from the face of the earth. Banks hold the baby or HDB. Find cannot cover loans. Fire house sale.
Actually, seller and buyer working in cahoots to cheat banks. Look for banks where decision making is easy. Buyer ask for loans, up to ONLY bank manager to decide give or not. There are still banks like this around. Easy to cho kar chew.
Take all these record transactions with huge pinch of salt.
Like I said, many case studies in DUBAI. Now happening here.
But SCUMS do not care. Because record prices means the following;
Singapore very good
Singapore loved by the FTs and the world
Singapore economy must be doing very well...blah blah...:oIo:
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All record transactions (99.9%) will involve a FT buyer or couple.
Inflate prices and some greedy banks flushed with money will ultimately lend the buyer(s) the money. Also valuation will differ from bank to bank. UOB is the smartest so forget them. Go for some idiotic banks from south asia.
COV is also very easy to manipulate.
After deal is done, FT buyer move in. Stay until cannot pay mortgage then fuck off and disappear forever from the face of the earth. Banks hold the baby or HDB. Find cannot cover loans. Fire house sale.
Actually, seller and buyer working in cahoots to cheat banks. Look for banks where decision making is easy. Buyer ask for loans, up to ONLY bank manager to decide give or not. There are still banks like this around. Easy to cho kar chew.
Take all these record transactions with huge pinch of salt.
Like I said, many case studies in DUBAI. Now happening here.
But SCUMS do not care. Because record prices means the following;
Singapore very good
Singapore loved by the FTs and the world
Singapore economy must be doing very well...blah blah...:oIo:
<input id="gwProxy" type="hidden"><!--Session data--><input onclick="jsCall();" id="jsProxy" type="hidden"><input id="gwProxy" type="hidden"><!--Session data--><input onclick="jsCall();" id="jsProxy" type="hidden"><input id="gwProxy" type="hidden"><!--Session data--><input onclick="jsCall();" id="jsProxy" type="hidden">
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