[happyharvest]

https://www.edgeprop.sg/property-news/%C...ver-85-mil

[Talent]

wash money

[babygirl]

https://www.edgeprop.sg/property-news/%C...ver-85-mil

[Rubitin]

wash money

$85m in bank head need inspection.,better to buy properties.

[Sticw]

Very productive inflow. Property agent and co gets a commission, govt gets stamp duty and whatever property tax etc, property co gets sales and co tax paid, developer pay tax, land price, construction sector, construction worker levies etc.

Net effect is good for bosses in sg lah.

[WhatDoYouThink?]

lawyers, bankers, reno co., furniture and appliance sellers, movers, ... in fact the entire economy is like given new energy or vigour

[SotongOngTee]

Any check on whether the funds are speckless.🤔

[Sharexchange]

Must be Covid Money profit..typical...

[Tangsen]

ABSD, GST, Stamp duties, property tax  …… HUAT HAR !!!!

[Blin]

Everybody please be nice to PRC from now on.......especially those rich PRCs !!!

They bring in more money.heard of any other races buy properties buildings? pinans & burners a mistake lah low breed.   .

[watchfirst9]

Could be on Cn corrupt list,
20 units and at this period.

[Sticw]

They bring in more money.heard of any other races buy properties buildings? pinans & burners a mistake lah low breed.   .

CECA bought a million dollar condo and expect King's treatment liao. This PRC must be god treatment. Lol

[WhatDoYouThink?]

another bought 16 units near eunos mrt, and one bought an entire condo projects.

[sgbuffett]

Each Chinese citizen can only take 50K USD out.

How can he take so much out?

[Huliwang]

Wah bought 20 units. Probably bringing the whole village here. Kokee bo song liao......

[WhatDoYouThink?]

spent all money here, that's why they're very poor now,

[cityhantam]

Wah bought 20 units. Probably bringing the whole village here. Kokee bo song liao......

Kokee said millions of Chinese running away from China! 

[winbig]

Each Chinese citizen can only take 50K USD out.

How can he take so much out?

How about company?

[cityhantam]

Each Chinese citizen can only take 50K USD out.

How can he take so much out?

Chinese citizens only have money in China?

They cannot have investments and businesses and hence money outside China?

[Wy:Nox]

Singapore should not allow any buyers to buy more than 10% of the units in one property for very obvious reasons. This is not like having one major shareholder or major tenant of a shopping mall.

[cityhantam]

This Taiwan chabo bought more (83 units) and IRAS tried to makan her :

https://taxsg.com/2011/08/14/high-court-...-sghc-186/

The Court ruled in favour of the Appellant and entitled her to a refund of $442,680.
. 
.

[Klesk]

looks more like money washing.
wash, wash, wash

[Migrant]

It's definitely a good place to keep their wealth. 
Steady sing dollar. 
Good governance 
Easily connection
Which other country is safe? 
Looking at how US makan the rich Russians, you know Angmo countries cannot do.

[WhatDoYouThink?]

aiya if you hv billions you aso want to put them in a safe (safoo) place, right?;

[WhatDoYouThink?]

no need to listen to top guru or top master for their investment advice and end up losing money

[[[ForeverAlone]]]

escape from paying High tax lah from Xi.

remember Fang Bing bing ? etc ?

Fang bing bing owned lot of properties, I was kinda shock if you all go google see.

This is why I say , SG become a " ...... " country...... Literally good place to escape pay High taxes from their own country.

Two side effect, one thing Yes it benefit A LOT to Govt come taxes but on the same time does it benefit down to the bottom of the locals in SG ?
Nope. Still depend how our Govt use these high taxes been collected.

[Blin]

CECA bought a million dollar condo and expect King's treatment liao. This PRC must be god treatment. Lol

want prosperity  bring in more Prc  chinese.