筍盤來了！！！Canninghill Piers

[Iridiumguy]

From a schedule from 2021, not sure how accurate compared to actual progress

Looks like 1-2 months behind?

 

[Gibbfa]

Looks like 1-2 months behind?

The later the better

interest rates likely to drop next year

 

[Ahteolaugau]

I assume this buyer only paid the 25% deposit in cash. Would be interesting come Q4 this year when the developer calls for the foundation payment. I wonder if the developer would exercise the clause to annul the SPA for these 20 units and jiak the 20% of purchase price once the buyer can't make payment cos he is in jail and all his funds are frozen or confiscated

I think cannot.. prohibition order issued. Developer have to tank the pty without receiving any pmt? Or maybe the state makan the units then lelong lelong to the public

 

[Johnpierpontmorgan]

Walao.. sibei song

I think cannot.. prohibition order issued. Developer have to tank the pty without receiving any pmt? Or maybe the state makan the units then lelong lelong to the public

 

[dareaper]

Looks like 1-2 months behind?

Seems like it, but I don't understand why foundation completion is 31 October but can have concrete framework of the units built up to 10+ levels before foundation considered “completed”...

I think cannot.. prohibition order issued. Developer have to tank the pty without receiving any pmt? Or maybe the state makan the units then lelong lelong to the public

Prohibition to sell only mah, but if the guy didnt make full payment, he technically doesn't own the unit and the developer can supposedly exercise the SPA clause in the event of a default of subsequent payments... I suppose someone can sue the developer and justify that the initial purchase is not valid since the funds utilised are from illicit sources..

 

[AlanKohCD]

Js wondering will the developer’s legal team kena as well? Likely they need to prove they did a proper AML check…So big case this one

Will the agent kena ?

 

[DevilPlate]

Will the agent kena ?

Idk, my guess everyone involved in it will kena investigation….

 

[Iridiumguy]

Seems like it, but I don't understand why foundation completion is 31 October but can have concrete framework of the units built up to 10+ levels before foundation considered “completed”...


Prohibition to sell only mah, but if the guy didnt make full payment, he technically doesn't own the unit and the developer can supposedly exercise the SPA clause in the event of a default of subsequent payments... I suppose someone can sue the developer and justify that the initial purchase is not valid since the funds utilised are from illicit sources..

Their foundation includes pile caps, maybe they only complete that. For the resi side first? Anyone have a picture of the site?

 

[Verghez]

Talk until got dragon got phoenix also useless, End up is still what NSZ had guessed, wash and wash

Haha why you dig out old message, and so selective Should also quote the next few messages where I agreed with you

How have you been doing? Did you further invest into the property market since? Still remember you guessing property crashing since early 2020.

 

[Carrot_DeNiro]

Haha why you dig out old message, and so selective Should also quote the next few messages where I agreed with you

How have you been doing? Did you further invest into the property market since? Still remember you guessing property crashing since early 2020.

Property how to crash with so many rounds of CMs as safety nets.
Feel free to quote any of my previous posts if u happened to see me saying property price will crash.

 

[Verghez]

Property how to crash with so many rounds of CMs as safety nets.
Feel free to quote any of my previous posts if u happened to see me saying property price will crash.

Sure…

Still in survival mode. In fact, this one is better… no more 1m, only 1.5m!

 

[Carrot_DeNiro]

Sure…

Still in survival mode. In fact, this one is better… no more 1m, only 1.5m!

Looks like u can’t find anything relevant so just anyhow dig. It was clearly stated by NSZ in the post that Singapore property price will recover fast depending how well it manages covid, lol
Can’t even see any crash words being mentioned here.
please try harder to dig out more relevant posts, I can give u more time

 

[drkcynic]

Why NSZ jiejie got so many enemies.

2020 post also dig up to stir alamak. Chill la.

 

[Verghez]

Why NSZ jiejie got so many enemies.

2020 post also dig up to stir alamak. Chill la.

Haha nothing much la, he asked so I went to do a quick google based on time frame. Anyone active during the forums at that period agar agar can rmb he one of the most vocal.

Even Hdb also say until cannot be more than 1m liao but still can flip words.

Imo, sometimes guess correct, no need so yaya, guess wrong can just man up also.

Anyway, agree to disagree, I guess. Don’t mesh with his personality. He can continue to think what he wants.

For me, to bring back to topic, i didn’t rule out the washing of money back then since so many units were purchased at one go, but my guess was that it wasn’t likely due to all the leakage in taxes and checks/balances that should be done by agents and developers. Based on the reports, i’d be wrong on this guess, oh well.

 

[Carrot_DeNiro]

Haha nothing much la, he asked so I went to do a quick google based on time frame. Anyone active during the forums at that period agar agar can rmb he one of the most vocal.

Even Hdb also say until cannot be more than 1m liao but still can flip words.

Imo, sometimes guess correct, no need so yaya, guess wrong can just man up also.

Anyway, agree to disagree, I guess. Don’t mesh with his personality. He can continue to think what he wants.

For me, to bring back to topic, i didn’t rule out the washing of money back then since so many units were purchased at one go, but my guess was that it wasn’t likely due to all the leakage in taxes and checks/balances that should be done by agents and developers. Based on the reports, i’d be wrong on this guess, oh well.

Because I am very clear I never ever say property price in Singapore will crash after series of CMs. But it’s true that I feel profit is thinning compared to the past. That’s why I’m not afraid of u digging any of the past posts which u obviously can’t find any.

 

[Iridiumguy]

Is CHP PPVC?

 

[.看你的头.]

https://www.todayonline.com/singapo...units-luxury-condo-canninghill-piers-2247976?

Billion-dollar money laundering case: Man financed purchase of 10 units at luxury condo Canninghill Piers​

Sina.com, canninghillpier.sg/CNA
Vang Shuiming, a 42-year-old Turkish national, financed 10 condominium units at Canninghill Piers.

Published September 6, 2023
Updated September 6, 2023

SINGAPORE — A man implicated in one of Singapore’s biggest money laundering probes had financed the purchase of 10 units at luxury condominium Canninghill Piers and another unit at Park Nova, an affidavit by an investigating officer showed.

Turkish national Vang Shuiming is facing five charges — one of using a forged document and four of possessing criminal benefits worth S$2.4 million from unlicensed moneylending in China.

According to an affidavit from the lead police investigator against Vang, the 11 condominium units are under construction and have been served with prohibition of disposal orders.

The affidavit, which was produced for Tuesday's (Sept 5) court hearing, also showed that in addition to the 11 condominium units, Vang's assets included four properties and three vehicles with an estimated value of S$29 million.

Police investigations showed Vang has assets in Singapore amounting to more than S$200 million

 

[Gibbfa]

Does anyone know what happen to the units involved? Does this mean the units are now back in the market? I don’t see any advert for them. ..

 

[jeffong]

Does anyone know what happen to the units involved? Does this mean the units are now back in the market? I don’t see any advert for them. ..

They now belong to Ah Gong already.. LOL!!!

 

[Carrot_DeNiro]

They now belong to Ah Gong already.. LOL!!!

Ah gong would sell to public at 50% discount or not?
I guarantee my cash is clean.