Mockngbrd Supersonic August 12, 2011 Share August 12, 2011 http://sgproptalk.blogspot.com/2011/08/why...t-purchase.html knnb.... The Strait Times today reported that an investor paid $226,472,460 for a whole tower block (i.e. Tower 1A consisting of 83 units) at Reflections at Keppel Bay in 2007. This certain madam Lily Lai, in her 50s, was born in Taiwan but is now a Singapore citizen. She is said to be a low-profile real estate investor who is interested in long-term developments. It is understood that she first caught sight of the development while she was returning from a trip to Batam. She decided to invest in an entire tower block because a Buddhist shifu, or master, told her that the condo, which is ↡ Advertisement Link to post Share on other sites More sharing options...
Old-driver 5th Gear August 12, 2011 Share August 12, 2011 This works out to S$2.7 M per unit. Something which we will never ever be able to do. But if she got so much $$ might as well be a developer... Link to post Share on other sites More sharing options...
Gearoil 1st Gear August 12, 2011 Share August 12, 2011 On 8/12/2011 at 2:59 AM, Old-driver said: This works out to S$2.7 M per unit. Something which we will never ever be able to do. But if she got so much $$ might as well be a developer... Why be a developer when the risk and cons are much higher against developer for being such versa when one can walk into TOP issued develoment and have various ways to earn the returns with less adverse risks? Of course I can pardon you for posting the statement since you are not into property investment with such amount of money or anything near that! Link to post Share on other sites More sharing options...
Sabbie Clutched August 12, 2011 Share August 12, 2011 hmm....i failed my conveyancing law.... Link to post Share on other sites More sharing options...
Toapayohkid 1st Gear August 12, 2011 Share August 12, 2011 now that's a serious investor! is it possible she is the front person to buy rather than one company buy direct to save costs on taxes etc? Link to post Share on other sites More sharing options...
Csnewbie 1st Gear August 12, 2011 Share August 12, 2011 On 8/12/2011 at 2:59 AM, Old-driver said: This works out to S$2.7 M per unit. Something which we will never ever be able to do. But if she got so much $$ might as well be a developer... developer head bigger... Link to post Share on other sites More sharing options...
Chucky2007 Turbocharged August 12, 2011 Share August 12, 2011 The agent that sold her is multi millionaire now... Link to post Share on other sites More sharing options...
Sabbie Clutched August 12, 2011 Share August 12, 2011 I think the key will be whether she is considered buying the whole block as an investment sale or she is buying as an individual investor... Link to post Share on other sites More sharing options...
Greatbirdlegend 1st Gear August 12, 2011 Share August 12, 2011 which bro single here still got chance. Link to post Share on other sites More sharing options...
Sabbie Clutched August 12, 2011 Share August 12, 2011 On 8/12/2011 at 3:46 AM, Greatbirdlegend said: which bro single here still got chance. hope property market crashes and she sell me one unit cheap cheap Link to post Share on other sites More sharing options...
Scion Turbocharged August 12, 2011 Share August 12, 2011 why scold her? she's filthy rich and those are private properties and not HDB flats Link to post Share on other sites More sharing options...
Celicar Turbocharged August 12, 2011 Share August 12, 2011 How to become so rich ah? Goodness. Link to post Share on other sites More sharing options...
Silver_blade Turbocharged August 12, 2011 Share August 12, 2011 I tot those who bought a few floors at one go is already 'extreme'....now this woman buy the whole (very tall) block. Link to post Share on other sites More sharing options...
Rockaphonics 2nd Gear August 12, 2011 Share August 12, 2011 On 8/12/2011 at 3:05 AM, Gearoil said: Why be a developer when the risk and cons are much higher against developer for being such versa when one can walk into TOP issued develoment and have various ways to earn the returns with less adverse risks? Of course I can pardon you for posting the statement since you are not into property investment with such amount of money or anything near that! Exactly! Thats why Ng Teng Fong, Li Ka Sing, Ong Beng Seng are all poor and stupid! Oh wait, you're the ignorant one. Link to post Share on other sites More sharing options...
Old-driver 5th Gear August 12, 2011 Share August 12, 2011 On 8/12/2011 at 3:05 AM, Gearoil said: Why be a developer when the risk and cons are much higher against developer for being such versa when one can walk into TOP issued develoment and have various ways to earn the returns with less adverse risks? Of course I can pardon you for posting the statement since you are not into property investment with such amount of money or anything near that! U know me? how u know I'm not into property investment? Tell that to Li Ka shing that he's should be buying finished goods rather than building buildings Link to post Share on other sites More sharing options...
Hotamp 3rd Gear August 12, 2011 Share August 12, 2011 all I can say is she put the word "shopping"to a whole new level. Link to post Share on other sites More sharing options...
Porker Turbocharged August 12, 2011 Share August 12, 2011 Running a real estate development business focusing solely on residential is very risky. Units unsold will incur $$$ Link to post Share on other sites More sharing options...
Acieed 1st Gear August 12, 2011 Share August 12, 2011 Don't care whether she live in 4-room flat and owns a lot of property. It's besides the point. But the judge raised a good point. IRAS should not make tax payers take the more illogical route. For purchase in any nature, certainly the buyer should be given the fair deal that makes the most money sense. It's like you buy 6-pack beer that is priced higher than if you buy them separately, and the supermarket refuse to sell you 6 individual cans because "it's like that lor". Or if you are entitled to a rebate for every $50 purchase, but the supermarket refuse to give you 4 times the rebate for your $200 receipt. It doesn't make sense, and only create confusion and inconvenience, because the buyer can well be re-joining the queue 4 times. Just as Ms Lai could have made the purchase separately for 83 times, incur more business overheads to do the same thing legally. This happens frequently in Singapore for some reasons. Perhaps due to our kiasu no U-turn mindset, "it's like that one lor". ↡ Advertisement Link to post Share on other sites More sharing options...
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