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This post has been edited by leelee1988: May 8 2019, 10:56 AM

908 sf
1m plus
26.6% rebate

Cristal Serin, Cyberjaya by Villamas:

Here presenting example of multiple submission project / compress loan + offer big cash out possible?
Many many lelong units incoming from here:







1. Pang - 6 units
2. Azril - 4 units
3. Tan - 7 units
4. Lim - 5 units
5. Teh - 6 units (all her units already sold in lelong at around 400k. minimum 250k lost for each unit)
6. Loke - 3 units
7. Mifzal - 6 units


I salute property guru/sifu and the Sales Agents that managed to sell them all units here.
This is trully die with massive debt.

Gosh so many owners with multiple units with about the same Outstanding (same size).

I wonder which guru promote this project last time.

Tis kinda cutie I owners ll cos huge prob to maintainance of the building

Having said tat a project with too many buying for investment is kinda doomed hor

Hahaha....

Diuniaseng which prop guru can aanpai persuade ppl to buy cyberjaya and put the slogan as "next kl" deserve to be perished..

By the way now many priperty guru call themself dr. In their facebook. Hate these kind of ppl who angkat thrmself think they are so pandai with tjeir dr tutle infront. One sohai even call themself dr. Moeny. Wad fa daw is dat?

This is worse than u.s subprime 2017 i.e loan fraud. If this is a representative, incoming auctions and price dropped will be more than most expected.

Those BBB/uuu have blood on their hands.

This post has been edited by icemanfx: Apr 24 2019, 06:29 AM

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This post has been edited by leelee1988: May 8 2019, 10:56 AM

Who is Gary Chua ? And what’s is compression loan? What is bring people to Holland ? Curious

This post has been edited by mangoproperty: Apr 24 2019, 09:35 AM

funny lah you all....

why blame guru and not those stupid investors themselves???

summore multiple buy of all places, condos in cyber????

these investors deserved it...…..

https://m.facebook.com/story.php?story_fbid...943715&sfnsn=mo

This one is cyberjaya ?

already mentioned the project is in Kuchai lama. why relate this to cyber???

There is another method coming into place. Michael Tan's Property Stacking as "opposed" to loan compression. No idea what it is, but I believe it also relates to buying multiple properties at a go.

The lelongs no doubt are giving better opportunity for people to buy their place for own stay compared to HOC and rebates.

very sad case indeed, but this is a good study...

for this particular project/ case:-

If the buyer no buiying this property = $0
She bought this property = -1.25Mil debts

so you prefer 0 or -1.25mil

no doubt, there are some succeed cases but the % is lower, and tough especially in this tough and buyer market.

The one buying this property was promised an appreciation of 10% or more I believe. I cannot find who advocated this project or even what was promised. But I believe the greed took over and got the better of him/her. The $0 thought that it would be +$100,000 minimum after selling each unit

I think Stacking just a name for refinance/gearing more properties based on rental/below market value.

For example 20‰BMV prop u lease to Subhome which earn 8÷ rental yield. You refinance and/or buy more property based the income/cash earn from the property. And you keep repeat the process because the cash flow suppose to cover the acquisition of the properties.

Btw, is loan compression a fraud ? Consider cheating the financial insti or not ? Is there jail term if my friend does it ?

It is a fraud...

As you deceive the bank based on parallel loan submission for multiple properties where banks evaluating based on dsr without the knowledge of loan submission wirh other banks for different properties.

There are many methods out there used to deceive banks...