Hi guys, not to offend anyone here, but I personally have acquired a few profitable properties with under-table. I know this is totally unfair, unhealthy to the genuine home buyers, and we all hope the developer can do their part to prevent this, but try to put your shoes in developer's situation:
1. Transfer of property with under table translate to "confirmed sales" to the developer, ppl who pay under table are highly unlikely to call off.
2. Buyer will always have ways to play around the system. "Proof" to be relatives, friends or someone closely related is very common in the industry.
3. To the "booker" who just want to make quick buck, and probably their loan can't even get approved. They do make the effort to go there early, queue up and make the booking of nice units while all of us sit in the aircon room and drinking coffee
To me it's willing seller willing buyer. I have not been one of the "booker" but to me these are all demand and supply, part and puzzle of life.
That said, some developers will do their 100% to prevent this. But like I said, ppl will have ways to get around it. They do.