Page 3 of 10 FirstFirst 12345678910 LastLast
Results 21 to 30 of 93

Thread: Marina Bay Suites (D1, 99 years, Keppel Land)

  1. #21
    Join Date
    Jun 2008
    Posts
    1,569

    Default

    Quote Originally Posted by august
    i understand, no income is not an issue as u can still secure loans open to the average salary earner hehe
    But lose out to salary earner or rather those who got income tax (like property owners with rental). They can just put 20% down and loan the rest. More flexibility and can flip more units?

    I got too much constraints ... damn pissed with the system. Why no income ..means I not credit worthy..

  2. #22
    Join Date
    Dec 2008
    Posts
    3,719

    Default

    Quote Originally Posted by focus
    But lose out to salary earner or rather those who got income tax (like property owners with rental). They can just put 20% down and loan the rest. More flexibility and can flip more units?

    I got too much constraints ... damn pissed with the system. Why no income ..means I not credit worthy..

    how do u lose out? u still can loan up to 80% like anyone else if u want

  3. #23

    Default

    Quote Originally Posted by focus
    But lose out to salary earner or rather those who got income tax (like property owners with rental). They can just put 20% down and loan the rest. More flexibility and can flip more units?

    I got too much constraints ... damn pissed with the system. Why no income ..means I not credit worthy..

    put your money in previleged banking .. sure can bargain one ,...

    i move all my cash into one bank ...

    if you have 150-250k cash ...go be Citigold client ... i am sure they can do something ..

    local banks more kiasi .... i basically closed my DBS acc ...the WORST bank ever .. in terms of service, flexibility.. they still govt thinking ..no innovative at all ..

    i used to have so much cash in DBS ..and when i was travelling, i missed my credit card payment..

    they refused to waive it .. despite knowing how much i have in their bank ..
    i threatened to cancel my card .. and they said " ok please cut the card and mail it back to us' #[email protected]^&&^@%$^*$(&%($*

    i terminated the card and NEVER have any DBS card EVER again ..
    then i moved all my money out ..

    then they start calling me .. TOO BAD !!!

  4. #24
    Join Date
    Dec 2008
    Posts
    3,719

    Default

    Quote Originally Posted by proud owner
    put your money in previleged banking .. sure can bargain one ,...

    i move all my cash into one bank ...

    if you have 150-250k cash ...go be Citigold client ... i am sure they can do something ..

    local banks more kiasi .... i basically closed my DBS acc ...the WORST bank ever .. in terms of service, flexibility.. they still govt thinking ..no innovative at all ..
    the latest is that local banks have awaken to this fact and hv become quite "aggressive" in a bid to get mkt share.. ocbc is the least competitive now imho ~

  5. #25

    Default

    Quote Originally Posted by august
    the latest is that local banks have awaken to this fact and hv become quite "aggressive" in a bid to get mkt share.. ocbc is the least competitive now imho ~
    one thing i notice about ocbc ..

    if you buy a property and financed thru ocbc ..
    and if someone come buy your property .. and also going thru ocbc financing .. chances are the buyer is NOT going to get a good valuation for your property ..

    anyone have same experience ?
    or are all banks the same ?

  6. #26
    Join Date
    Jun 2008
    Posts
    1,569

    Default

    Quote Originally Posted by proud owner
    put your money in previleged banking .. sure can bargain one ,...

    i move all my cash into one bank ...

    if you have 150-250k cash ...go be Citigold client ... i am sure they can do something ..

    local banks more kiasi .... i basically closed my DBS acc ...the WORST bank ever .. in terms of service, flexibility.. they still govt thinking ..no innovative at all ..

    i used to have so much cash in DBS ..and when i was travelling, i missed my credit card payment..

    they refused to waive it .. despite knowing how much i have in their bank ..
    i threatened to cancel my card .. and they said " ok please cut the card and mail it back to us' #[email protected]^&&^@%$^*$(&%($*

    i terminated the card and NEVER have any DBS card EVER again ..
    then i moved all my money out ..

    then they start calling me .. TOO BAD !!!
    Oh, i never try citi or hsbc .. I basically gave up on retail banks after I asked UOB and DBS and they all gave me 40% downpayment before can consider loaning 60% LTV.

    Uh... I show them my portfolio value which is in the region of X million (more than enough to pay for the house in full). I told them if want me to be previlege customer ..easily done ..but still cannot. I was talking to the branch loan specialist in both banks.

    I want to pay 20% or 30% coz I want to buy a $3mil house , and I dont want to fork out $1.2mil (40%). That money can be better used in generating more money for me in my portfolio.

    So, now I just use my pte bank loan facility .. that one also needs to pay 40% .. and can only buy completed properties. That's why i wanted to seek out banks willing to finance 70%. less money out of pocket is better

  7. #27

    Default

    Quote Originally Posted by gfoo
    not to mention most of them are above 1200sq ft so quite largish.

    and if the $2.3k is one-shenton facing then huat liao
    Yah I agree with u. If low floor 2300psf, MBR sure appreciate.

    Anyway, all the stacks at MBS have bayview and IR view from the living and master bedroom. the back is facing one shenton. but Stack 4 and 3 will have the best unblocked view. Stack 1 and 2 might be blocked by the Sail.

    I have the project details of this upcoming launch. Feel free to call or pm me for more info. I can be reached at 92768660.

    Also have many units at Marina Bay Residences, particularly stack 8 and 2. The best 2 bedrooms stack.

  8. #28
    Join Date
    Sep 2008
    Posts
    2,647

    Default

    Quote Originally Posted by focus
    Oh, i never try citi or hsbc .. I basically gave up on retail banks after I asked UOB and DBS and they all gave me 40% downpayment before can consider loaning 60% LTV.

    Uh... I show them my portfolio value which is in the region of X million (more than enough to pay for the house in full). I told them if want me to be previlege customer ..easily done ..but still cannot. I was talking to the branch loan specialist in both banks.

    I want to pay 20% or 30% coz I want to buy a $3mil house , and I dont want to fork out $1.2mil (40%). That money can be better used in generating more money for me in my portfolio.

    So, now I just use my pte bank loan facility .. that one also needs to pay 40% .. and can only buy completed properties. That's why i wanted to seek out banks willing to finance 70%. less money out of pocket is better
    Did you clarify with them the exact reason for the non-approval, i.e age. Although the portfolio can be proven to be paid in full but considering your retiree status and the sheer amount of the loan, the age issue can be the problem. If age is indeed the main issue, you can also considered other alternative like joint ownership with your children which I assume is way below 60/65 age and should not be a problem borrowing for 10-20yrs

  9. #29

    Default

    Quote Originally Posted by dtrax
    Did you clarify with them the exact reason for the non-approval, i.e age. Although the portfolio can be proven to be paid in full but considering your retiree status and the sheer amount of the loan, the age issue can be the problem. If age is indeed the main issue, you can also considered other alternative like joint ownership with your children which I assume is way below 60/65 age and should not be a problem borrowing for 10-20yrs
    that could work too

    just like in US .. govt giving 8k credit for First time home buyers.. guess what ?

    they found alot of first time home buyers ..as young as 8 yrs old ..
    the things people will do to gain 8k

  10. #30

    Default

    You sure all the stacks at MBS have bayview? Can see the new waterfront doesn't mean bay view. Or you mean see a small tree also consider bay view? No offence but I think anyone can try standing along the road where the site is and see what kind of view you are getting. I don't think there is much view due to the small angle closed up by Sail and MBFC tower 1. Seaview maybe but bayview is crap. IMO, MBS view sucks. MBR the best. Sail is close.



    Quote Originally Posted by BensonLim
    Yah I agree with u. If low floor 2300psf, MBR sure appreciate.

    Anyway, all the stacks at MBS have bayview and IR view from the living and master bedroom. the back is facing one shenton. but Stack 4 and 3 will have the best unblocked view. Stack 1 and 2 might be blocked by the Sail.

    I have the project details of this upcoming launch. Feel free to call or pm me for more info. I can be reached at 92768660.

    Also have many units at Marina Bay Residences, particularly stack 8 and 2. The best 2 bedrooms stack.

Posting Permissions