Solitaire
Sold 15 JUL 2016 5A BALMORAL PARK #XX-XX 1,625sq ft 1,587psf
Bought 19 APR 2007 2,186psf
Solitaire
Sold 15 JUL 2016 5A BALMORAL PARK #XX-XX 1,625sq ft 1,587psf
Bought 19 APR 2007 2,186psf
Luma
Sold 18 JUL 2016 6 RIVER VALLEY GROVE #XX-XX 904sq ft 1,759psf
Bought 25 OCT 2011 1,858psf
If MAS actions against BSI, the few 1MDB-linked bankers, and seizing of the properties linked to Jho Low are not actions against money laundering, what is it?
Looks like what you said contradicts with FACTS.......................
It is the actions of those so-called so righteous people, including USA Department of Justice that doesn't even dare to name the name of the person and just use "Malaysia Official 1" that is pretentious enough! Is Canada also like that??? Seems like it you know, filled with the kind of people like you?
Even is Singapore is haven for corrupt businessmen of China and Indonesia, they will also only buy CCR and not OCR like Crapbelle, so there is no guarantee Crapbelle will not fall to $500+ psf in next recession (since no support from these rich businessmen)..............
Well, MAS basically has turned a blind eye to money laundering until the most recent, prominent case to which it can not turn a blind eye. I lived in Singapore for 17 years, and my wife worked in securities industries. I saw money move into Singapore from questionable sources on a daily basis, and basically Singapore welcomed every penny what washed up its shore, until recently. As August said, what Singapore does is entirely different from it says. The worst part is that Singapore doesn't give a darn what its neighbors say about its open door to offshore ill-gotten money. If you disagree with me, just ask yourself how many luxury condos in CCR are 90% sold to Indonesians and Chinese, who don't even live in Singapore.
Last edited by stalingrad; 27-07-16 at 00:32.
Questions to you:
1) How can you see if you have not worked in many of the banks and is in charge of money flow over these many banks? What you said seems like what you "think" rather than "facts"?
2) Luxury condos in CCR 90% sold to Indonesians and Chinese?
Ok, What I can tell you is that:
a) It is not true that CCR luxury condos 90% sold to Indonesians and Chinese!
b) Why would you always associate Indonesians and Chinese with illegal money? There are lots of people earning illegal money all over the world, and there are lots of them in Canada as well (including 1 famous case of Barrick Gold based in Canada scamming many investors off their money with fake gold deposits!)
c) It is NOT TRUE that Indonesians and Chinese don't even live in the CCR luxury condos they bought, because they do when they are here on business trip and holidays, and some for their family members or their children to study here. (I know this very well because I live in CCR with these people as neighbours, and I see for myself that either they are occupied by their family members very often with children studying here or they leave their properties vacant so that they can come back anytime without having to live in hotels (may be they believe spending money on hotels then is real waste of money?)).
So, I back up what I said with FACTs based on what I saw, but you are just making baseless comments based on your own personal skewed opinions!
Those are facts? Ha, don't make me laugh. My fact is there for all to see. So many corrupt Chinese officials have been caught with condos in Singapore. Just google. Here is one to catch your eyes: http://www.bloomberg.com/news/articl...at-or-fall-guy
your statement of 90% of luxury condos in CCR being sold to Indonesian and Chinese is absolutely baseless
Why can you see questionable fund flow while you taught in school? I see some ethical issue here with your information source and you, but anyway, it is good that this is Canada's problem now.
Ha ha ha! Pot calling kettle black didn't you?
Same same, these also applies:
"Everyone knows how money flows into Canada / USA / Taiwan / ??? and how happy these country was to get that money no questions asked."
And to think USA is so pretentious, calling themselves upholding money laundering law but yet doesn't even dare to reveal officially who is "Malaysian Official 1" who laundered about US$700+M into his own personal bank account through US banks???
you always talk without fact, unless you can show me the proof for "luxury condos in CCR are 90% sold to Indonesians and Chinese, who don't even live in Singapore."
Don't you know that there were Chinese businessman and officials been deported from Canada, and much more still hiding in US and Canada?
I suggest you spending more time on your own news
Marina Bay Suites
Sold 26 JUL 2016 3 CENTRAL BOULEVARD #XX-XX 2,680sq ft 2,239psf
Bought 23 DEC 2009 2,623psf
Bought in 2009 also lose $$.. Jialat.
How everyone find the property sentiments?
The Rich has lots of opportunities to buy CHEAP CHEAP, thanks to property cooling measures!
The average middle-income has no change to buy OCR private condos cheap cheap, somehow the support in OCR is strong there for now, but no promise that it will remain the same in the future............
My agents told me the rich are buying up freehold landed, CCR units. Use daughters, use Sons and even use parents name to buy to avoid ABSD. This is the time the richer group can come and sweep. If not enough names to use, they go for decoupling. Is ABSD working well on this group?
Curious as to whether funds have started to reinvest in Singapore CCR - anyone heard in the market?
What is ABSD?
ABSD is property cooling measures, and it has helped to CRASH CCR private property prices, so obviously ABSD is working perfectly well!
What you should be asking is, why is ABSD and TDSR + all other property cooling measures NOT WORKING and NOT having any effect on the price of OCR private condos (which is currently near ALL TIME HIGH since Singapore come into existence)?
Low interest rates make leverage (using bank or not your own money to buy something) extremely attractive today. I reckon any cooling measures are not to crash any market and I do not see that happening too. To me 30% or more price correction that happened suddenly or within 2 quarters would qualify as a crash.
The rich are using this leverage to buy since its 'cheap money' ever since quantitative easing started during the '09 great depression. Cooling measures are somewhat directed at this primarily. Similar ABSD implementation: In Canada, 15% is slapped on recently. This is a global phenomenal to stock up and to shift money around. https://www.theguardian.com/world/20...use-buyers-tax
2 cents,
PropVestor
https://www.iras.gov.sg/IRASHome/Oth...p-Duty--ABSD-/
If A purchases a residential property to be held in trust for the beneficial owner (B), the property will be included as a count for B.
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rich should make more babies. at birth register birth cert/set up trust/exercise option at the same time. hahahahahahahahaha.