Buying now or later?

[rattydrama]

Notorious heaven for money parking...
2 casinos in a tiny island...
no extradite treaty with our indo neighbour...
solid legal system..

Singapore government even smarter.... While everyone is rushing to lower their currency exchange rate, singapore did the opposite, we increased our exchange rate. That is a stroke of genius... (at expense of exporters but great for banking industry)

Where do you think the whole world is going to park their money? In country will increasing or decreasing currency rate?

[sh]

The success of singapore is dependent on our neighbours being dysfunctional. hence the rich will park their money here, legally, illegally or semi-legally

If they get their act together, we'll be in trouble, fortunately, that's quite a while off.

[rattydrama]

that will not happen in our life time. SG capitalises on this unique situation.

The success of singapore is dependent on our neighbours being dysfunctional. hence the rich will park their money here, legally, illegally or semi-legally

If they get their act together, we'll be in trouble, fortunately, that's quite a while off.

[eng81157]

now funds from over world are coming into Asia. when the us recovery,whr do u think the funds will go to? Reversal way or stay put In Asia

that's assuming Asia growth outlook is lacklustre as compared to that of USA. i believe there's already a seismic shift in the balance of global economic powers. china is already demanding for more say in the global economic scene and flexing its might through banning rare minerals export in a political dispute

barring a catastrophic kabloom in asia, asia's star gonna shine for the next couple years.

[hopeful]

20 or 30% dnpayment is not a consideration here as the HDB is paid up. It is more of whether which option makes better financial sense.

If your friend have the funds, use a company to buy private property

[amk]

Notorious heaven for money parking...
2 casinos in a tiny island...
no extradite treaty with our indo neighbour...
solid legal system..

..and on a more practical ground, the only place where you have a 10,000 note.

[hopeful]

..and on a more practical ground, the only place where you have a 10,000 note.

does banks in other countries accept 10,000 note?
how about money changers in other countries?

how do they keep track of the serial number ya?

[mcmlxxvi]

..and on a more practical ground, the only place where you have a 10,000 note.

Plenty in Indonesia and Vietnam...

[amk]

Plenty in Indonesia and Vietnam...

u didn't get it. those are not hard currencies.
let me phrase it another way, how do u carry 1mill US$ cash ?

[rattydrama]

shsss...........shss shss...........


Quote:
Originally Posted by rattydrama
Notorious heaven for money parking...
2 casinos in a tiny island...
no extradite treaty with our indo neighbour...
solid legal system..


..and on a more practical ground, the only place where you have a 10,000 note.

[rattydrama]

And friends from Myanmar as well.
Heard parents sent there 2 kids here to SG at the age of 18 and convert them to Sporeans.
The parenets will be here 6 months to accompany the kids, another 6 months back in Myanmar.
They have a family business in their home country and is doing well with the right connection to the militant gov.

Plenty in Indonesia and Vietnam...

[paulho77]

shsss...........shss shss...........


Quote:
Originally Posted by rattydrama
Notorious heaven for money parking...
2 casinos in a tiny island...
no extradite treaty with our indo neighbour...
solid legal system..


..and on a more practical ground, the only place where you have a 10,000 note.

Brunei too has 10,000 note..and is freaking huge..like handkerchief folded

[Acer]

u r the only child den ok la(1 family)....if u got other siblings and ur parents nvr write a Will....den tats it...shared among ur siblings next time...be careful

even only child also can flight
what if "touch wood" , parent out grown him/her.
Parent say.. this unit is mine.
Spouse say.. no .. that unit's mine. My dear pay for it.

[mcmlxxvi]

u didn't get it. those are not hard currencies.
let me phrase it another way, how do u carry 1mill US$ cash ?

U asking me how to launder money in a roundabout way?

[peterng8]

don believe this will happen!!! the price has more or less stabalise by now. my view is property prise will continue to rise moderately for the next 2,3 years. US still being the big brother (thou technically bankrupt) will impact global economy. now US is still in trouble but price still go up as asia is leading the growth. when US recover in the next few years, isnt asia going to benefit again from US recovery?

I think a lot of potential buyers to prop up the market as long as the ecomony is good and interest remains low...

You can predict the interest of prpoerty is there..JUST take a look on HOW MANY newbies suddenly appear within this few months in this forum will tell you how interesting the market is NOW!!!

[mcmlxxvi]

I think a lot of potential buyers to prop up the market as long as the ecomony is good and interest remains low...

You can predict the interest of prpoerty is there..JUST take a look on HOW MANY newbies suddenly appear within this few months in this forum will tell you how interesting the market is NOW!!!

My friend an ex MD go be a property agent and says that now with the regulation there will be less competition.... True to a certain extent.

[proud owner]

Notorious heaven for money parking...
2 casinos in a tiny island...
no extradite treaty with our indo neighbour...
solid legal system..

for those in the banking industry...they will be able to tell you how strict MAS is about AML ...

yet it seems theres no control on that in the casinoes ...

how ironic and unfair

[sh]

I think a lot of potential buyers to prop up the market as long as the ecomony is good and interest remains low...

You can predict the interest of prpoerty is there..JUST take a look on HOW MANY newbies suddenly appear within this few months in this forum will tell you how interesting the market is NOW!!!

The market has always between interesting, have been following it for years....

But this newbie has just discovered this website

Back to the original topic... market is not going crash, in this newbie's opinion

[proud owner]

The market has always between interesting, have been following it for years....

But this newbie has just discovered this website

Back to the original topic... market is not going crash, in this newbie's opinion

you may have only joined the forum in Oct 2010

but the way you write .. with such 'confidence' .. doesnt show a bit you are NEW ..

are you sure you are not an old member, who has gone missing and re sign up as a newbie ?

[rattydrama]

for those in the banking industry...they will be able to tell you how strict MAS is about AML ...

yet it seems theres no control on that in the casinoes ...

how ironic and unfair

Nothing if fair in this world.

"Good" for Singapore economy. Money trapped in Citibank and American bank stocks during the financial crisis and yet we still have a lot of money.... cos we never run out of cash - someone else cash.

What is AML?

[sh]

you may have only joined the forum in Oct 2010

but the way you write .. with such 'confidence' .. doesnt show a bit you are NEW ..

are you sure you are not an old member, who has gone missing and re sign up as a newbie ?

Definately a Newbie, joined 4 days ago

Hope my 'confidence' isn't misguided.

[proud owner]

Nothing if fair in this world.

"Good" for Singapore economy. Money trapped in Citibank and American bank stocks during the financial crisis and yet we still have a lot of money.... cos we never run out of cash - someone else cash.

What is AML?

AML = Anti Money Laundering

bank staffs have to go thru courses every now and then on AML ..how to check suspicious customers , cash deposits, withdrawals etc

and yet in casinoes .. if you come in brief cases of cash ... you get special VIP rooms ..

[kane]

devilplate has an interesting strategy on this which I agree, resale during bull runs, new projects during correction spell.

if the dollars and cents can justify having it parked under the parents name, then perhaps it's worth more than a thought.

[rattydrama]

kane, can you explain this strategy?

devilplate has an interesting strategy on this which I agree, resale during bull runs, new projects during correction spell.

[devilplate]

i also interested to noe this strategy

cant rem wat i wrote last time

[kane]

i also interested to noe this strategy

cant rem wat i wrote last time

you were saying to target resale during bull runs cos new developments' premiums have all been priced in, whilst in the bad times, you would target new developments cos some of them would be selling at a discount.

[devilplate]

you were saying to target resale during bull runs cos new developments' premiums have all been priced in, whilst in the bad times, you would target new developments cos some of them would be selling at a discount.

during bad times, i target subsales(BUC projects)

recently, i realised resale not any better den new launches

[kane]

during bad times, i target subsales(BUC projects)

recently, i realised resale not any better den new launches

well, probably the hordes are starting to realise the gulf between resale and new shouldn't be so wide.

[Lord Anus]

U asking me how to launder money in a roundabout way?

just got back from MBS.

i can tell u guys that there is A LOT of possible money laundering going on in the casinos.

guys betting and losing few thousand a hand in blackjack, winning and losing without batting an eyelid. as u know, blackjack is a fast game... anybody can "clean" many hundreds of thousands in just an hour.

[hopeful]

just got back from MBS.

i can tell u guys that there is A LOT of possible money laundering going on in the casinos.

guys betting and losing few thousand a hand in blackjack, winning and losing without batting an eyelid. as u know, blackjack is a fast game... anybody can "clean" many hundreds of thousands in just an hour.

How exactly do you do money laundering in casino?

you bring in US$110k undeclared cash into casino.
lose 10k to casino
win 100k from casino
so your 100k is now clean, because winnings from casino?
and pay 10k fee to casino?
why only a few thousand a hand at blackjack? why not hundreds of thousands a hand at baccarat?