1M65 - Shocking! So Many Singaporeans lost so much money!

[Bumperbee88]

He is a scammer, talks halfway on YT and then tells everyone he is taking his self professed snake oil halfway.....really pathetic.

But see many followers.

 

[standarture]

nah. not gonna watch and drive his youtube revenue

People never understand a high consistent income is the true key to being richm

 

[the_dog]

this fellow should be renamed "3.3m65" since he is living his so called 1m65 dream in JB instead

 

[Bumperbee88]

i just watched his clip last night.
Never expected sporeans so easy to part the money like that.
Especially what he said very true, purchase those already ready condos and people already live in rather than just give you see the design and tell you beautiful stories...all BS.

Many Sinkies having the mentility of using local investing matter , and apply overseas.

Remember this case and many more ?

https://www.straitstimes.com/singap...d-brazil-housing-scam-sues-singapore-marketer

Singaporean investors were involved in a significant scam through the EcoHouse Brazilian property scheme in the early 2010s, losing millions as the project was fraudulent, though the issue of "con" implies a deliberate trickery rather than a general fraud. There was also a separate, major corruption case involving the Singapore-based company Seatrium (and its former subsidiary Sembcorp Marine) and Brazilian authorities, which involved bribery rather than individual property investment fraud.

 

[coyote]

HARDTRUTH. I am sure some here also kanna.

Appreciate to put "Singaporeans lost money buying Malaysian properties..." in the title...

Kinda misleading and wasting people time thinking it's Singapore properties.

 

[SuperClubby]

Will not give him views.

 

[Bumperbee88]

Remember this case. One of many.

https://mothership.sg/2024/12/singaporeans-johor-condo-caught/

 

[Shion]

1m65 ?
how many ppl kena. .

 

[ZhouXingXing]

误认投机为投资。they got no one to blame.....

 

[Mecisteus]

Many people said 20% absd is worth it until they saw the prices of their next property cost $2M, so absd is $400,000. Nobody with the right mind will pay $400,000...

Still better than spending this $2M
on a property in Msia with all the risks.

 

[coyote]

Still better than spending this $2M
on a property in Msia with all the risks.

Both are not worth it. Absd is working what it intended to do, deterring multiple properties ownership in Singapore. Malaysia properties are as usual, full of portholes and traps.

 

[Mecisteus]

Both are not worth it. Absd is working what it intended to do, deterring multiple properties ownership in Singapore. Malaysia properties are usual, full of portholes and traps.

Not worth to you but may be worth to others who have spare cash and wanting a 2nd property.

Additional 20% is not high.

 

[hwarzoner]

good to bring up awareness of this things and listen others opinion

 

[coyote]

Not worth to you but may be worth to others who have spare cash and wanting a 2nd property.

Additional 20% is not high.

Wait till you paid 20% absd yourself then say... Talk is easy...

 

[Visor9999]

this fellow should be renamed "3.3m65" since he is living his so called 1m65 dream in JB instead

He’s the role model of millionaire sinkies in sg these days

 

[mryongtan]

It's a well-known fact to only buy completed condos in Malaysia, not unbuilt ones. And only buy in KL, full cash no loan.

those whom got burnt are just greedy & wanna flip. It's not the same as SG for those not-in-the-know.

 

[Bumperbee88]

 

[Bumperbee88]

Our family built our wealth collecting rent, that's why we buy all the way.

Buy in a right way, mah. Any-o-how buy, and listen from friends families, sure jaitluck liao. Many duno what they are in for. Later cannot exit.

 

[Bumperbee88]

It's a well-known fact to only buy completed condos in Malaysia, not unbuilt ones. And only buy in KL, full cash no loan.

those whom got burnt are just greedy & wanna flip. It's not the same as SG for those not-in-the-know.

Even those completed, have their problems. Buyers have to deal with managements, ever increasing sinking and mgt fees. They just have no choice, but to swallow those fees. After certain years, management can't manage well , and the condo buildings run down. A typical story of BolehLand properties.

 

[Bumperbee88]

good to bring up awareness of this things and listen others opinion

There are always suckers around .Recently,I heard many Sinkies buy properties around the RTS area.