Re: Bodoh Sinkies conned by M'sian condo developer. Again.
I am just saying $1m but actual lost is more than $4m. Property is never a one way bet, people really lost a fortune in certain investment.
ST REGIS RESIDENCES SINGAPORE 33 Tanglin Road #20-09 1 515 Strata 15,418,520 29939 2781 09-OCT-2006 Apartment 999 Yrs From 24/11/1995 Uncompleted New Sale Private 10 24 247913 Central Region Orchard
ST REGIS RESIDENCES SINGAPORE 33 Tanglin Road #20-09 1 515 Strata 11,700,000 22718 2111 10-FEB-2012 Apartment 999 Yrs From 24/11/1995 2008 Resale Private 10 24 247913 Central Region
$4,000,000 lost. (Inclusive of stamp duty)
$3,718,520 lost net.
Have not count the bank penalty, agent fee, legal cost, interest lost.
The $1m drop is neither accurate nor true, more likely 'duplicate caveats' listed at different prices for the same transaction which give the impression of a unit changing hands within a span of a few months at a significantly lower price, when in fact it hadn't.
See:
When a price fall isn't a price fall
http://forums.condosingapore.com/showthread.php?t=6876
Reflections at Keppel Bay
- "The $1m drop in #21-78 is neither accurate nor true, more a technical issue of 2 processes going on at the same time"
http://forums.condosingapore.com/showthread.php?t=473&page=49