There are so many unsold properties out there, most probably due to unpractical layout and size, depending on where is it located.
And so many sold properties out there, remain unoccupied after VP, no rental demand and not staying by the purchasers themselves. Pity those investors who are burning cash serving the loan and management fees.
Another thing, the commercial titles (service apartments), mostly fail and overpromised by developers. If you notice, most of the shop lots at the service apartments are unoccupied, left with some 7-11s, mynews, 24 hours Dobi, mamak, the rest? burning cash, its revenue barely enough to pay loan, rental, overhead costs, and eventually closed down. Those who "invested" in the shop lots burn even more.
"invest your money in property"? A delusion in this era.
Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
Jun 7 2019, 12:16 PM
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