- Joined
- Oct 5, 2018
- Messages
- 18,079
- Points
- 113
Some of my friends became property agents. Propnex sent them to multi-days bootcamps for 18 hours a days to exhaust them, then made them do stupid things like shout slogans, and cold-calling everyone on their contact list to buy properties. They will scream and shout at property agents like your enciks in BMT. hahaha worst of all, last month, Propnex boss organized $200 seminar that nobody wanna attend and made his agents convince people to support him. To meet the KPI, the agents ended up paying $200 for people to attend.
Then some relatives attended another iQuadrant's programme to own multiple properties without Additional-Buyer Stamp Duties (ABSD) to own 15-30 properties without ABSD. Their partner's company was already blacklisted by MAS and they went on to operate a new one. They told people to work as a team; one takes loan from bank and be owner of the property, one take care of choosing the property and renting it, one comes out with the bulk of the downpayment. They created this "methodology" to outsmart our government ABSD and avoid income tax with their so-called "legal" template to protect the interests of investors that she supposedly drafted with a lawyer. Some even declares these as residential properties instead of investment properties to IRAS. hahaha, this con-man company probably masturbates too much.
Then property agents preach that there are 50,000 new residents added to Singapore every year and we don't build enough for foreigners. Everybody should just blindly-chase new launches because there is minimal downpayment + minimal home-loan to pay because it is under-construction and happily flipped after 3 years to avoid ABSD, sure make money. Sometimes, yes, but not always true. I know people who lost their fortunes in new launches.
These sons-of-the-bitches went to tell my relatives that buying $3000psf One Marina Gardens which is built by China developer Kingford and China builder Qingjian is a sure win due to the above reason + more plots will be developed near by, so they masturbated that other developers will support their prices.
https://www.businesstimes.com.sg/pr...-s130000-safety-lapses-hillview-peak-worksite
Fuck lah, in the end, just 38% sold at launch.
https://www.straitstimes.com/busine...t-at-2953-psf-average-amid-cautious-sentiment
Agents just kept promoting it because of the weak demand and exceptionally good commission.
Then some relatives attended another iQuadrant's programme to own multiple properties without Additional-Buyer Stamp Duties (ABSD) to own 15-30 properties without ABSD. Their partner's company was already blacklisted by MAS and they went on to operate a new one. They told people to work as a team; one takes loan from bank and be owner of the property, one take care of choosing the property and renting it, one comes out with the bulk of the downpayment. They created this "methodology" to outsmart our government ABSD and avoid income tax with their so-called "legal" template to protect the interests of investors that she supposedly drafted with a lawyer. Some even declares these as residential properties instead of investment properties to IRAS. hahaha, this con-man company probably masturbates too much.
Then property agents preach that there are 50,000 new residents added to Singapore every year and we don't build enough for foreigners. Everybody should just blindly-chase new launches because there is minimal downpayment + minimal home-loan to pay because it is under-construction and happily flipped after 3 years to avoid ABSD, sure make money. Sometimes, yes, but not always true. I know people who lost their fortunes in new launches.
These sons-of-the-bitches went to tell my relatives that buying $3000psf One Marina Gardens which is built by China developer Kingford and China builder Qingjian is a sure win due to the above reason + more plots will be developed near by, so they masturbated that other developers will support their prices.
https://www.businesstimes.com.sg/pr...-s130000-safety-lapses-hillview-peak-worksite
Fuck lah, in the end, just 38% sold at launch.
https://www.straitstimes.com/busine...t-at-2953-psf-average-amid-cautious-sentiment
Agents just kept promoting it because of the weak demand and exceptionally good commission.