Agreed Bulk Purchased is a trap, but there are still have some good reason to join bulk purchase group to buy property for ownstay (but of course they are more for investment oriented).

For bulk purchase group as long people are smart and avoid following
1. Abandon project that will revive (buy for claim LAD purposed)
2. Compress loan
3. Playing Proxy
4. Extreme room Partition game
5. Egg white area condo for investment purposed
6. High cash back ( if it offer 30% discount, just take 70% loan, dont 90% cash out game, then GG)
7. feature development (too much) project
8. Under table over dsr game

etc.

should be ok, for example, bulk purchase group deal with developer with beautiful promotion at completed unsold unit. ahhhh this kind of product is treasure. If they offering 30% / 40% / 50%. then you just borrow the loan amount based on nett price lah, dont over twiest yourself, control your greed. Then actually can get good property. somemore engage the bulk purchaser group who are doing rental business, yeah there are less harass for investor owner, and have one more exclusive way to compare with market coliving company, who know sometime in house service give better service to members?

I agreed that failure bulk purchaser group can destroy reputation of a developer. Not only at the promotion matter cheating early bird buyer, allowed such huge amount of unit became lelong was also destroy the property sub-sale value, bad valuation from bank make the this project facing even rigorous situation. Purchaser lose their wealth, developer lose their reputation. lose-lose situation.