Mkl22 Supersonic May 8 Share May 8 On 5/7/2024 at 7:56 PM, Throttle2 said: I remember last time got many agents go on social media to share this kungfu. how ah, their licence got kena kiauw or not? Pok them!!!! Must be taught not to mess with ah kong collecting money! 🤣 ↡ Advertisement Link to post Share on other sites More sharing options...
Mkl22 Supersonic May 8 Share May 8 On 5/8/2024 at 2:01 PM, Wt_know said: no 4x no talk .... rule no. 1 is never "challenge" ah gong ... you will lose until pants drop ... I wonder how far back they go dig? When did ABSD start? Was it 2010? Link to post Share on other sites More sharing options...
Windwaver Turbocharged May 8 Share May 8 On 5/8/2024 at 6:59 PM, Wt_know said: no $2M no talk liao .... huat ah! https://www.businesstimes.com.sg/property/government-probes-misleading-and-unrealistic-resale-listings-s-2-million-hdb-flats Kena investigated liao loh 1 unit never get permit to hack wall. Link to post Share on other sites More sharing options...
Wt_know Supersonic May 8 Share May 8 (edited) On 5/8/2024 at 7:27 PM, Windwaver said: Kena investigated liao loh 1 unit never get permit to hack wall. yalor ... who is the CHAMPION (agent) think of this way to advertise the units ... it's too loud seeking "wrong" attention .... lol it's like telling the whole world ... hang goat head sell dog meat ... Edited May 8 by Wt_know Link to post Share on other sites More sharing options...
13177 Hypersonic May 8 Share May 8 On 5/8/2024 at 6:59 PM, Wt_know said: no $2M no talk liao .... huat ah! https://www.businesstimes.com.sg/property/government-probes-misleading-and-unrealistic-resale-listings-s-2-million-hdb-flats Aiya, asking $2mill doesn’t mean will close at $2mil lo. Ask high so that final transacted price would not be too low. Think seller wanted closed around $1.8 mill good enough liao. Now the highest hdb resale is $1.6mill right? 1 Link to post Share on other sites More sharing options...
therock Supersonic May 8 Author Share May 8 Misleading is no good but unrealistic? I can ask for 5 million.. that’s my choice.. it’s my fault if I don’t get that price but I don’t see why the government should be involved caveat emptor Link to post Share on other sites More sharing options...
Wt_know Supersonic May 8 Share May 8 (edited) On 5/8/2024 at 7:57 PM, 13177 said: Aiya, asking $2mill doesn’t mean will close at $2mil lo. Ask high so that final transacted price would not be too low. Think seller wanted closed around $1.8 mill good enough liao. Now the highest hdb resale is $1.6mill right? it's not just misleading ... but selling "snake oil" ... the end product of 6 bedrooms and 4 bathrooms is not "entirely" true the $2M price tag is for 2 adjacent units selling as 1 (not eligible to be converted) ... ok ... agent can say ... buy 2 units .... apply permit to gate up (assuming is corner unit) ... then consider 1 "complete" property liao still ... 1 legal buyer/owner how to buy 2 separate units in 1 transaction? >> again agent can say buy with parent lo .... muahahaha Edited May 8 by Wt_know Link to post Share on other sites More sharing options...
Fcw75 Hypersonic May 8 Share May 8 On 5/8/2024 at 7:57 PM, 13177 said: Aiya, asking $2mill doesn’t mean will close at $2mil lo. Ask high so that final transacted price would not be too low. Think seller wanted closed around $1.8 mill good enough liao. Now the highest hdb resale is $1.6mill right? You got read the article bo? 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 8 Share May 8 (edited) Yes Govt must step in asap to clamp down all these nonsense. and hit them hard. its bout time Edited May 8 by Throttle2 Link to post Share on other sites More sharing options...
Ginyu 5th Gear May 9 Share May 9 (edited) On 5/8/2024 at 4:47 PM, Throttle2 said: will we see some people go bankrupt becos of this? firesale? hhhmmmm.... High chance, where to get the money to pay 4x🤣 Edited May 9 by Ginyu Link to post Share on other sites More sharing options...
Dafansu Turbocharged May 9 Share May 9 On 5/8/2024 at 7:27 PM, Windwaver said: Kena investigated liao loh 1 unit never get permit to hack wall. was expecting this when I read the news, the estate not that old, don't think can find a jumbo. Even hacking of wall I believe HDB don't allow. Those are the earlier HDB premium flats. Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 9 Share May 9 On 5/9/2024 at 10:12 AM, Ginyu said: High chance, where to get the money to pay 4x🤣 Oh like that song liao Link to post Share on other sites More sharing options...
Wt_know Supersonic May 9 Share May 9 (edited) i read the whole damn saga again .... https://www.channelnewsasia.com/singapore/99-1-private-property-absd-iras-tax-avoidance-evasion-stamp-duty-3395916 actually hor, i cannot understand why ah gong ALLOW this 99-1 ownership in the first place? if a property is buy and sell with 99-1 , the owner who owns 1% intention is CLEARLY tax evasion right? what are the TRUE intention of owning 1%? buy for children? then pay ABSD la ... fair and square right ... why 99-1? who is the CHAMPION comes up with this 99-1 scheme in the first place? i assume Person B who is the "real payer" ie: pay majority but only legally own 1% ... definitely is family member right? Person B is the "guru" in Youtube la ... claiming have 5 properties investing portfolio mai play play ... but actually only own 1% of each property use wife name, brother name, father/mother name, pet's name ... Edited May 9 by Wt_know Link to post Share on other sites More sharing options...
Wt_know Supersonic May 9 Share May 9 let's say you pay the most ... ie: $250K for downpayment, subsidy cash monthly to service loan, but legally only own 1% when shit hits the fan and dispute ... you sue your daughter also no use right? but this case got use leh ... LOL https://www.channelnewsasia.com/lawsuit-jointly-owned-properties-joint-tenant-father-sue-daughter-4318236 Link to post Share on other sites More sharing options...
Ginyu 5th Gear May 9 Share May 9 (edited) On 5/9/2024 at 3:42 PM, Wt_know said: i read the whole damn saga again .... https://www.channelnewsasia.com/singapore/99-1-private-property-absd-iras-tax-avoidance-evasion-stamp-duty-3395916 actually hor, i cannot understand why ah gong ALLOW this 99-1 ownership in the first place? if a property is buy and sell with 99-1 , the owner who owns 1% intention is CLEARLY tax evasion right? what are the TRUE intention of owning 1%? buy for children? then pay ABSD la ... fair and square right ... why 99-1? who is the CHAMPION comes up with this 99-1 scheme in the first place? i assume Person B who is the "real payer" ie: pay majority but only legally own 1% ... definitely is family member right? Person B is the "guru" in Youtube la ... claiming have 5 properties investing portfolio mai play play ... but actually only own 1% of each property use wife name, brother name, father/mother name, pet's name ... How about those sell one hdb and buy two condos. Based on single income alone can borrow so much to buy each a condo meh? 🤣 if they are already high income earners then why are they able to stay hdb in the first place, got ceiling cap mah Edited May 9 by Ginyu Link to post Share on other sites More sharing options...
Wt_know Supersonic May 9 Share May 9 (edited) On 5/9/2024 at 5:34 PM, Ginyu said: if they are already high income earners then why are they able to stay hdb in the first place, got ceiling cap mah they bought hdb when their income is lower la … within ceiling nowadays, work 5 years smelly smelly promoted to Asst Dir or VP level liao …. age 35-40 … no $15K-$20K no talk la Edited May 9 by Wt_know 1 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic May 9 Share May 9 On 5/9/2024 at 3:42 PM, Wt_know said: i read the whole damn saga again .... https://www.channelnewsasia.com/singapore/99-1-private-property-absd-iras-tax-avoidance-evasion-stamp-duty-3395916 actually hor, i cannot understand why ah gong ALLOW this 99-1 ownership in the first place? if a property is buy and sell with 99-1 , the owner who owns 1% intention is CLEARLY tax evasion right? what are the TRUE intention of owning 1%? buy for children? then pay ABSD la ... fair and square right ... why 99-1? who is the CHAMPION comes up with this 99-1 scheme in the first place? i assume Person B who is the "real payer" ie: pay majority but only legally own 1% ... definitely is family member right? Person B is the "guru" in Youtube la ... claiming have 5 properties investing portfolio mai play play ... but actually only own 1% of each property use wife name, brother name, father/mother name, pet's name ... 99-1 scheme is to secure bank loan. The 99 shareholder probably cannot secure the loan by himself, thus needing the 1% owner to pass the bank's credit review. This group of buyers sell the 1% soon after signing the Sales and Purchase with with original sellers. If both party high income, then no need for the 99-1 arrangement. So the 60m is likely going to come from middle income buyers, they sure are going to be stressed. Interestingly (read from an article) if a first time buyer couple have the same arrangements, with the intention to transfer the 1% in future before one of them buys the next property, it may still be a grey area. Not 100% can pass IRAS. Lesson is no high income don't play properties! Link to post Share on other sites More sharing options...
Wt_know Supersonic May 9 Share May 9 (edited) there is another trick owner and occupier Edited May 9 by Wt_know ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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