Singapore Expats Forum

loan-shark targetted properties

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.

User avatar
Splatted
Reporter
Reporter
Posts: 892
Joined: Sun, 11 Jul 2004

loan-shark targetted properties

Postby Splatted » Sat, 26 Feb 2011 2:13 am

Thinking about buying a flat in my area - only catch is, the property is currently owned by someone who is being chased by sharks.

Other than the nuisance loan-sharks make of themselves with paint, would this option be physically unsafe?

Has anyone else here bought such a property?

User avatar
ksl
Governor
Governor
Posts: 6005
Joined: Mon, 19 Jul 2004
Location: Singapore
Contact:

Re: loan-shark targetted properties

Postby ksl » Sat, 26 Feb 2011 4:56 am

Splatted wrote:Thinking about buying a flat in my area - only catch is, the property is currently owned by someone who is being chased by sharks.

Other than the nuisance loan-sharks make of themselves with paint, would this option be physically unsafe?

Has anyone else here bought such a property?


Yes we have! Never heard of any physical violence being used ever, as the one's throwing the paint, are runners working off debt. It can be disturbing and annoying, we was hit 2 times, but its stopped now for over 2 years. Make sure you get a good price and ID details, the agent may know where they are moving too, if you have trouble, just get the police onto it. Police will bring in the previous owners for questioning and make sure it stops, by ordering them to contact the loansharks to inform them of a move.

Its pretty mild compared to anti social behaviour in UK, windows getting smashed as soon as they are repaired, just for the fun of it by gangs and intimidation on the street. I'm sure you will be fine here. Just get some cameras up to catch them. Don't pay the asking price either or the full COV. Bargain it down!

revhappy
Editor
Editor
Posts: 1067
Joined: Wed, 10 Jun 2009

Postby revhappy » Sat, 26 Feb 2011 6:48 pm

We were renting a place earlier that in which one of the earlier tenants was being chased by loan sharks.

1st 9 months we had no trouble whatsoever. We didnt even know what loanshark meant, lol.

Then one fine day when I ready to go to office and opened the door, I was greeted with the beautiful modern art in Black paint on my door. We informed the police.

Then about 1 month later no paint was splashed but they wrote in the corridor O$P$ and the old tenants IC no etc. Also they screwed up the letter box and I couldn't open it and had to call the lock smith.

I informed the police again and was advised to change our house. They said they cannot patrol a particular house continuously and have to attend other cases which are more severe like attacks once every week :???:

I was also told that they wont really harm anyone. Worst thing they could do is take a cycle lock chain and lock you from outside.

Expat_guy
Member
Member
Posts: 43
Joined: Wed, 27 Oct 2010

Re: loan-shark targetted properties

Postby Expat_guy » Mon, 28 Feb 2011 11:54 am

Splatted wrote:Thinking about buying a flat in my area - only catch is, the property is currently owned by someone who is being chased by sharks.

Other than the nuisance loan-sharks make of themselves with paint, would this option be physically unsafe?

Has anyone else here bought such a property?


The ex-owner of my flat took loan from a loanshark after selling the flat to me, before he changed the address on his IC. Main door of my flat got splased with paint, I went and filed a police complaint and also spoke to the loanshark and the house owner, and did not had any furthur problems.


  • Similar Topics
    Replies
    Views
    Last post

Return to “General Discussions”

Who is online

Users browsing this forum: No registered users and 3 guests