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radha08
20-06-12, 17:16
Book property then RETURN...:doh:

Better donate $$ to charity at least got blessings...:doh:

http://www.propertyguru.com.sg/property-management-news/2012/6/33402/150-private-homes-returned-last-month
House
20-06-12, 17:31
Book property then RETURN...:doh:

Better donate $$ to charity at least got blessings...:doh:

http://www.propertyguru.com.sg/property-management-news/2012/6/33402/150-private-homes-returned-last-month

Impulse :D
Poloclub
20-06-12, 17:33
Book property then RETURN...:doh:

Better donate $$ to charity at least got blessings...:doh:

http://www.propertyguru.com.sg/property-management-news/2012/6/33402/150-private-homes-returned-last-month


when they realized that for the same price they can actually buy a freehold CCR property.
DC33_2008
20-06-12, 18:13
That is what we call pressure buying due to herd mentality.
Book property then RETURN...:doh:

Better donate $$ to charity at least got blessings...:doh:

http://www.propertyguru.com.sg/property-management-news/2012/6/33402/150-private-homes-returned-last-month
radha08
20-06-12, 18:20
Moral of story...if you see people que dont LOOK closer or u may be tempted to join the que..:cheers1:
zzz1
20-06-12, 18:28
Moral of story...if you see people que dont LOOK closer or u may be tempted to join the que..:cheers1:
That applied to car show room as well..:D :D
roly8
20-06-12, 21:50
impulse!!!!!!!!!!!!!!
sh
20-06-12, 22:04
Moral of story...if you see people que dont LOOK closer or u may be tempted to join the que..:cheers1:

Ok, if it's for char kway tiow :D

Not for hello kitty though :(
insigina
20-06-12, 22:39
A lawyer told me that some people didn't realize they do not have sufficient financial means to go ahead with the purchase and only discovered this reality when they go to the lawyers office to sign the S&P agreement! Apparently they were caught off guard either by the stamp duty quantum or the amount of cash they have to pay upfront before dipping into their CPF and bank loan.
bakasa2002
20-06-12, 22:57
A lawyer told me that some people didn't realize they do not have sufficient financial means to go ahead with the purchase and only discovered this reality when they go to the lawyers office to sign the S&P agreement! Apparently they were caught off guard either by the stamp duty quantum or the amount of cash they have to pay upfront before dipping into their CPF and bank loan.

Like that need to pay lawyer fees bo?
insigina
20-06-12, 23:22
Like that need to pay lawyer fees bo?

I think the last thing on the mind of these buyers is the lawyer fees. 1.25% forfeit is no joke.
Allthepies
21-06-12, 08:04
when they realized that for the same price they can actually buy a freehold CCR property.
the concept of freehold or ccr is a marketing gimmicks, the only thing impt to an investor is rental yield and ROI.
hyenergix
21-06-12, 08:42
the concept of freehold or ccr is a marketing gimmicks, the only thing impt to an investor is rental yield and ROI.

Lease is impt if investment horizon is longer than 10 years.
anythingwhatever
21-06-12, 09:21
I think the last thing on the mind of these buyers is the lawyer fees. 1.25% forfeit is no joke.

Apparently they didn't do enough home work and deserved a lesson, a very expensive one indeed...
anythingwhatever
21-06-12, 09:28
I think the last thing on the mind of these buyers is the lawyer fees. 1.25% forfeit is no joke.

Apparently they didn't do enough home work and deserved a lesson, albeit a very expensive one indeed...
jwong71
21-06-12, 11:20
A lawyer told me that some people didn't realize they do not have sufficient financial means to go ahead with the purchase and only discovered this reality when they go to the lawyers office to sign the S&P agreement! Apparently they were caught off guard either by the stamp duty quantum or the amount of cash they have to pay upfront before dipping into their CPF and bank loan.

people mis-calculated.

etc: frankel estate 12A, landed house bought in year 2011. piling done halfway for the back yard, not enuff $ for renovation. since then stopped work.

now its for sale.
Kelonguni
21-06-12, 11:38
people mis-calculated.

etc: frankel estate 12A, landed house bought in year 2011. piling done halfway for the back yard, not enuff $ for renovation. since then stopped work.

now its for sale.

Maybe losses incurred in stocks, business or casino?
roly8
21-06-12, 11:47
people mis-calculated.

etc: frankel estate 12A, landed house bought in year 2011. piling done halfway for the back yard, not enuff $ for renovation. since then stopped work.

now its for sale.

wah kao!

the renovation must be a killer.
:beats-me-man: