Hello, do u know that foreign dun even need loan to buy property
here, just like Jet li, 20 millions hard cash and paid it all. No
kidding, a condo of 1 million can be easily paid by a foreigner
rich guy. China alone is creating thousands of millionaires, where
to park their money, you think they park in mainland china, i dun
think so, not secure, they buy property all over the world where
there is chinese population ya..next, the indonesia Chinese
millionaires or billionaires, just buy order a condo for his
son to stay and study here with pure cash. It is only the
poor/middle class Singaporeans who are lure into it will find it
hard to sustain the loan in a long run, but even if they cannot
sustain it, they can alway downgrade to 5 rooms and still earn a
huge profit. The situation currently is so big that if you buy a
condo and sell it even without it being built, you can take in as
much as 300k, which for a layman worker, may take years to earn
it.
"It is only the poor/middle class Singaporeans who are lure
into it will find it hard to sustain the loan in a long run, but
even if they cannot sustain it, they can alway downgrade to 5 rooms
and still earn a huge profit. The situation currently is so big
that if you buy a condo and sell it even without it being built,
you can take in as much as 300k, which for a layman worker, may
take years to earn it."
If 300k is so easy to make - what are you doing every day
and night ?
In the stock market, you cannot see who is trading, nor can you
exactly predict it outcome, but for property, we hv foreigner
willing to pay you hard cash just to get the condo you brought
yesterday, you hv not intention to sell it, but the offer is so
great that you simply cannot ignore it.
Obviously, you have not heard of
the intelligent methods used by some to chart the trends
of the stock market that allow them to know when to get in and when
to pull out.
Can the offer be so great that no one can ignore the offer ?
Obviously, you are not a home owner with sentimental values who
will not want to move out even if the are given more then the value
of their HOME.
Most people live and learn, do you ever learn to live
?
