Ng Keng Gene
UPDATED FEB 14, 2023, 8:54 PM SGT
SINGAPORE – Non-residents from China are not involved in a significant number of property and rental transactions in Singapore
......
they accounted for 1 per cent of all private property transactions, and about 7 per cent of private rental transactions.
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On rental transactions for Housing Board flats, Ms Indranee said non-residents from China accounted for 14 per cent of such transactions
https://www.straitstimes.com/singapore/p...2-indranee
(15-02-2023, 10:57 AM)Levin Wrote: [ -> ]Ng Keng Gene
UPDATED FEB 14, 2023, 8:54 PM SGT
SINGAPORE – Non-residents from China are not involved in a significant number of property and rental transactions in Singapore
......
they accounted for 1 per cent of all private property transactions, and about 7 per cent of private rental transactions.
......
On rental transactions for Housing Board flats, Ms Indranee said non-residents from China accounted for 14 per cent of such transactions
https://www.straitstimes.com/singapore/p...2-indranee
Non-residents from China are the ones who are flushed with money to buy private properties...............
(15-02-2023, 12:04 PM)debono Wrote: [ -> ]Non-residents from China are the ones who are flushed with money to buy private properties...............
If you were them, would you buy private properties in China instead of in Singapore? China is so big, there are far more places all over........so many cities...............why not use the money to buy two or three big houses in each city? Why spend in tiny Singapore?
(15-02-2023, 12:11 PM)Oyk Wrote: [ -> ]If you were them, would you buy private properties in China instead of in Singapore? China is so big, there are far more places all over........so many cities...............why not use the money to buy two or three big houses in each city? Why spend in tiny Singapore?
yes
there are called ghost town over there
https://www.youtube.com/watch?v=TiTDU8MZRYw
(15-02-2023, 12:14 PM)grotesqueness Wrote: [ -> ]yes
there are called ghost town over there
https://www.youtube.com/watch?v=TiTDU8MZRYw
In China there are lots of uncompleted houses, cos the developer( Evergrand), had not construct these houses to completion, and the purchasers don't want to pay the mortgages.........................thus these houses are empty................and they called it ghost towns.................
Don't put your eggs in one basket when comes to investment.
Property is best way to park wealth.
Country security, steady currency
Political stability.
Where else better than Singapore.
(15-02-2023, 12:11 PM)Oyk Wrote: [ -> ]If you were them, would you buy private properties in China instead of in Singapore? China is so big, there are far more places all over........so many cities...............why not use the money to buy two or three big houses in each city? Why spend in tiny Singapore?
Some of these non-residents from China, are doing money laundering..................that is the reason why they prefer to park their money here.......
(15-02-2023, 12:20 PM)Migrant Wrote: [ -> ]Don't put your eggs in one basket when comes to investment.
Property is best way to park wealth.
Country security, steady currency
Political stability.
Where else better than Singapore.
I am afraid 39% disagree with you.
(15-02-2023, 12:24 PM)debono Wrote: [ -> ]Some of these non-residents from China, are doing money laundering..................that is the reason why they prefer to park their money here.......
I had known for the longest time that you are not called debodoh for nothing.
Do not use a word if you don't know what it means, and use it to sound smart but prove that you are not much better than sentinel.
Money laudering...to launder is to clean. It's making dirty money clean.
How?
Say, you are a drug lord. You make millions and billions of dollars selling drugs. If you spend it, the authorities will ask: where does the money come from? How come you can afford this GCB and a Maserati? Obviously, you cannot tell them you are peddling drugs.
So, you set up a legit company. It's not profitable, and you have no intention to work HARD to make it so. All you do is to create fictitious Tax Invoices, Invoices, and make a profit in the books. Damn! you even pay taxes to IRAS based on the fictitious profits.
This is one of a few ways of laundering money. Now you can tell the government, I bought a GCB and a Maserati with profits I made in this company, all legit.
Got it?
(15-02-2023, 12:29 PM)debono Wrote: [ -> ]There are many scams which emanates from China............
Yes, they pose as government officials, police, bank managers...all working as a team to scam boomers, especially the Chinese speaking ones.
And it worked. Some boomers fell for it.
(15-02-2023, 12:39 PM)Oyk Wrote: [ -> ]Yes, they pose as government officials, police, bank managers...all working as a team to scam boomers, especially the Chinese speaking ones.
And it worked. Some boomers fell for it.
In fact many boomers fell for it.................
(15-02-2023, 12:39 PM)Oyk Wrote: [ -> ]Yes, they pose as government officials, police, bank managers...all working as a team to scam boomers, especially the Chinese speaking ones.
And it worked. Some boomers fell for it.
they support china and now china poke them from behind
i know a boomer lost $500,00 to china investment scam
he told me it is charity to poor china
(15-02-2023, 12:39 PM)Oyk Wrote: [ -> ]Yes, they pose as government officials, police, bank managers...all working as a team to scam boomers, especially the Chinese speaking ones.
And it worked. Some boomers fell for it.
Are you one of the boomers kena scammed? If I were you, I'd aso kpkb chow cheese pie everyday
(15-02-2023, 12:44 PM)grotesqueness Wrote: [ -> ]they support china and now china poke them from behind
i know a boomer lost $500,00 to china investment scam
he told me it is charity to poor china
Kenna scam already cannot say goes to charity to the poor of China.............
again use statistics to paint a story…is 1% in total numbers or total value?
(15-02-2023, 12:47 PM)debono Wrote: [ -> ]Kenna scam already cannot say goes to charity to the poor of China.............
he was very hurt by it
he support china
always say wechat very good app
now he kept quite about china
he said he knew about the scam he invested it and it is a charity
(15-02-2023, 12:47 PM)debono Wrote: [ -> ]Kenna scam already cannot say goes to charity to the poor of China.............
Are you one of the boomers kena scammed? Seems like several ah pehs here kena, no wonder so angry
(15-02-2023, 12:57 PM)WhatDoYouThink! Wrote: [ -> ]Are you one of the boomers kena scammed? Seems like several ah pehs here kena, no wonder so angry
I am happy to report that I am not scammed by the China's scammers...........I will just switch off my phone when I get a call from a recorded message.........
(15-02-2023, 01:00 PM)debono Wrote: [ -> ]I am happy to report that I am not scammed by the China's scammers...........I will just switch off my phone when I get a call from a recorded message.........
I see. So you're actually quite smart. Ah goat shd not hv called you debodoh. Very bad of him to do that right?
(15-02-2023, 01:02 PM)WhatDoYouThink! Wrote: [ -> ]I see. So you're actually quite smart. Ah goat shd not hv called you debodoh. Very bad of him to do that right?
They are free to call what they want, but if you are not that, then it does not matter................
(15-02-2023, 12:11 PM)Oyk Wrote: [ -> ]If you were them, would you buy private properties in China instead of in Singapore? China is so big, there are far more places all over........so many cities...............why not use the money to buy two or three big houses in each city? Why spend in tiny Singapore?
Winnie just give the word, and the property confiscated.
I’d rather buy outside China.
Non resident 1% because all becomes PR or new citizen liao
(15-02-2023, 01:29 PM)Migrant Wrote: [ -> ]There always will be.
To each his own.
61% ok lah
Singapore is saved by the wisdom of the majority.
US-China
Russia-Ukraine
Oil-Gas=Inflation
Spy Balloons
= Troubled Times
Rape stories don't fit in well in our Parliament.
(15-02-2023, 01:27 PM)kelhot2001 Wrote: [ -> ]Winnie just give the word, and the property confiscated.
I’d rather buy outside China.
That humanbear can bring down Bi Xilai and Mayun. What else he cannot do?
