QUOTE(surf-it @ Sep 16 2013, 01:07 PM)
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.
1.) You have to do the "under table", means it must be profitable and a BBB project. Without your "under table effort", do you think the developer cannot get confirm sales, legally of course?
2.) How about we just make it "next-of-kin". What kind of problem you can projected if we make it "totally non-transferable"? Just take it or leave it.
3.) Buying a house is for a home or as a genuinely property investment. We should not paying for the "go there early, queue up and make the booking of nice units".
I would urge the developer to forfeit all the booking fees for those who can't get the bank loan afterwards, mainly because of 1.) To penalize the flipper, 2.) To penalize the buyer who never self-evaluate own financial capabilities.
As a matter of fact, Ekovest (if you are reading), you can make plenty of positive cash flow by imposing such rule too..
This post has been edited by samkps: Sep 16 2013, 01:37 PM 
Sep 6 2013, 02:31 PM
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... for public when? by the way, the price stated is for SOHO or SA unit?
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