It seems rental at a popular mall 3km away has reduced. Wonder how much impact will have on ec mall rental.

May be it is about time for you to get updated.

Guess you haven't mingle for sometime.

Perhaps can start with your 5 years prepayment to loan account.

You are the one started on proof, you asked in this forum, please post in this forum. no one is interested to meet you, waste time or $ to buy you drink or meal.

This post has been edited by icemanfx: Mar 31 2016, 08:49 PM

After the herd in sheep pen, unless jump out, what else to do except eat, drink and accept the fate.

In "animal farm", pigs are the hero.

George Orwell said so.

If have no other choice must as well enjoy the occasion or syok sendiri else depression, sadness, hate may set in.

Most developers achilles heel is cash flow. If buyer/borrower could substantial and have proof of over claimed, could bring to the attention of their banks CEO, head of credit department, head of risks department, members of bod and bnm.

Doubt anything worthy could be done on payment made. If there are enough number of complain made to banks and bnm, banks would be reluctant to extend credit to irresponsible developer and perhaps fewer buyer will suffer in the future.

Beside buyers loan drawdown, most developers need bridging loan and borrowing for land banks.

Over claimed mean developer and contractors are short of cash flow. Banks are normally shy away from clients having cash flow difficulty.

These investors are likely to have invested in multiple units in different projects. Unless they could offload their other investments to build up cash reserves else a default in ec may drag down other investments.

Few dare to admit bought failed or money losing unit.

With amount of interior work left, ccc won't be anytime soon.

Except the developer, doubt anyone will buy at current stage for $288k. If a few units is auctioned at about $288k, most valuers will price similar units at $288k. It will be tough to increase subsale price under current market sentiment.

Doubt many bank will allow loan drawdown or approval on subsale without ccc.


This post has been edited by icemanfx: Apr 13 2016, 05:57 AM

Which bank take non ccc building for collateral? Please share here for ec subsale buyer.

jolokia most if not all flippers have gold and silver mountains backing. It is those missed the boat should be kesian.


This post has been edited by icemanfx: Apr 14 2016, 01:00 PM

[quote=rhenadal,Apr 14 2016, 01:06 PM]
the bankers only look at how rich the applicant's are. if that fella have good liquidity, he want to borrow to invest in cockamamie startup also can get one.

the above not saying the fella that bought a unit is a wrong move financially. we will never know until years later which move is correct for financial gain.

[/quote]
As if local banks could take any assets for collateral.

[quote=Informationiac,Apr 14 2016, 01:08 PM]
[quote=icemanfx,Apr 14 2016, 12:52 PM]
Which bank take non ccc building for collateral? Please share here for ec subsale buyer.

I prefer not to tell. cause later people ask me for proof. I can give you hint - one of the reputable bank.
But let me rephrase, the bank still value this project. So like my friend a subsales buyer still can get loan approval with only minimal deposit.

[/quote]

Don't need proof, subsale buyers could find out themselves. If you don't tell, they go to wrong bank, got rejected and complain. I am sure you dont want negative impact on your ec investment.

This post has been edited by icemanfx: Apr 14 2016, 02:45 PM

No wonder some developers couldn't care less on defect.

After a number of false start, how many of their tenants will remain?