out of the 38 units financed by UOB, 37 have defaulted.
http://mypaper.sg/top-stories/uobs-181m-suit-over-inflated-housing-loans-20150107
http://mypaper.sg/top-stories/uobs-181m-suit-over-inflated-housing-loans-20150107
out of the 38 units financed by UOB, 37 have defaulted.
http://mypaper.sg/top-stories/uobs-181m-suit-over-inflated-housing-loans-20150107
All thanks to PAP and their love for foreignera to own property here.
I thought they loaned the money out with their eyes open. No?
Any brothers Got the LIst of the 38 Names of Buyers and Cartel ?
The buyers unlikely to be anyone prominent.....since they aren't eligible to loan in the first place.......likely desperado patsies.
What a brilliant plan.....leftover unsold properties offloaded to phantom buyers.....loans taken......hope for property prices to rise so can sell and flip.....if not default and bank is left holding the baby.
I thought they loaned the money out with their eyes open. No?
CAD and CPIB should inestagiate the case . Clearly Creating a False Market PUshing up Prices.
they are rich indonesians, i doubt sinkie CPIB can do anything. but they can dig the loan manager from UOB> i suggest...
Ah Wee is a good man ... pls dont dig ... But can dig ERA Agents and the Whole gang involved
Ah Wee is a good man ... pls dont dig ... But can dig ERA Agents and the Whole gang involved