Sky Habitat

Discuss about the latest news & interesting topics, real life experience or other out of topic discussions with locals & expatriates in Singapore.
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bluenose
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Post by bluenose » Mon, 16 Apr 2012 12:43 pm

I cannot believe the press saying this condo sold so many..bla bla....we all know they are not sold, just deposits paid by greedy locals who then will try and sell before they need to get a mortgage...thus leaving half the place empty.....

The press writes it...the locals believe it....

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sundaymorningstaple
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Post by sundaymorningstaple » Mon, 16 Apr 2012 2:02 pm

and 83% were purchased by locals who were willing to pay the jacked up psf prices. What's that say about PR's jacking up the property market? BS
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

bluenose
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Post by bluenose » Mon, 16 Apr 2012 2:35 pm

Yes....not really purchased, just some small deposit paid on the hope they can make some more money with which they can provide their women with designer handbags to keep them happy.....
It is not until you really get in with locals that you see how money and materialistic driven they really are.....money before everything....even the education push is about getting more money at the end of it....not about the best for the child.....quite sad really....

Irony is they blame PR's and foreigners and without them the whole country would just cave in on itself.....

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JR8
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Post by JR8 » Mon, 16 Apr 2012 4:24 pm

I can see where you are coming from but technically paying a depo on a yet to be built unit is buying it, because you are on the hook for the entire purchase price. Same reason you have the right to sell it on.

Not saying I agree etc...


p.s. I actually think SG thrives on ever increasing property prices. I'm not saying it engineers it that way but nothing it has done seems to have stopped it. I wonder if it is the 'bread and circuses' to keep the majority passive and uncomplaining.

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