MSNews - S'pore man loses over $300K after Johor seaview condo project stalls for 10 years

zueinder

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"The salesperson of the project had told him that he could rent out a room for more than RM5,000 (S$1,500) a month."

“We thought it would be a great place to stay for short getaways,”

That's all you need to know about this joker.
 

cet87

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so he offload his EC and flip for a JB condo? did he come here for advice?
 

alex22

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Just go rnf to visit their airbnb for servicing on weekends jiu ok,
 

covidneg

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Batam Bliss Park is also like this, almost brought 2 units but luckily didn't. Now proud owner of 170m2 semi-detach.
 

alex22

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"The salesperson of the project had told him that he could rent out a room for more than RM5,000 (S$1,500) a month."

“We thought it would be a great place to stay for short getaways,”

That's all you need to know about this joker.
The salesperson never tell him guarantee rental cos he will be the tenant?
 

iPod Jack

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Dun think his condo will be completed in the next 5 years

the developer gave up and move on liao
 

PsyClick

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so he offload his EC and flip for a JB condo? did he come here for advice?
worse

he reverse mortgage his EC to pay the JB condo


Now he owe $ on his sg residence, and likely owe $ on the incomplete jb condo too (assume only paid DP)
 

alex22

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worse
he reverse mortgage his EC to pay the JB condo
Now he owe $ on his sg residence, and likely owe $ on the incomplete jb condo too (assume only paid DP)
Likely the case.
Both side paying. Dunno the developer co liquidated yet bo
 
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