Discussion:
A New Crisis in Singapore? En Bloc Sales Scandal Loan
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Siansiansian
2007-10-06 03:06:56 UTC
Permalink
According to the revelation in Horizon Tower Court case, the full list
of ownerships in Dragon Court En Bloc sale was not submitted to Govt
during application. The full list was only presented upon request, and
they realsied some of the owners are in fact the En Bloc Sales project
Buyer thenself!! Why? here is the scheme:

Assumming initial loan to buy properties = 500K per unit,
En Bloc Sales payment (loan from bank) =1200K per unit.
Net Amount pocketed from bank loans = 1200k - 500k = 700K per unit.

Smart evil right? And All Singaporean house buyers have to pay for
their fucking evil dirty tricks!!

Indonesian Tycoons are good at this kind of dirty money games.
They have started doing it since 2003/4. HGovt should allow
Extradiction Law to pass without conditions to send them back to
Indonesia.
r***@gmail.com
2007-10-06 03:31:46 UTC
Permalink
Post by Siansiansian
According to the revelation in Horizon Tower Court case, the full list
of ownerships in Dragon Court En Bloc sale was not submitted to Govt
during application. The full list was only presented upon request, and
they realsied some of the owners are in fact the En Bloc Sales project
Assumming initial loan to buy properties = 500K per unit,
En Bloc Sales payment (loan from bank) =1200K per unit.
Net Amount pocketed from bank loans = 1200k - 500k = 700K per unit.
Smart evil right? And All Singaporean house buyers have to pay for
their fucking evil dirty tricks!!
Indonesian Tycoons are good at this kind of dirty money games.
They have started doing it since 2003/4. HGovt should allow
Extradiction Law to pass without conditions to send them back to
Indonesia.
This crisis name is called En Bloc Prime Loans.

But Govt will try to cover it up buy jacking up the
HDB prices also. Let everyone work for their life
to cover their ass.
LKYs Mother
2007-10-07 03:11:14 UTC
Permalink
The government is like a woman after power and money.
Everything also want to take. Even prostitutes' money also
they want to take.
Post by r***@gmail.com
Post by Siansiansian
According to the revelation in Horizon Tower Court case, the full list
of ownerships in Dragon Court En Bloc sale was not submitted to Govt
during application. The full list was only presented upon request, and
they realsied some of the owners are in fact the En Bloc Sales project
Assumming initial loan to buy properties = 500K per unit,
En Bloc Sales payment (loan from bank) =1200K per unit.
Net Amount pocketed from bank loans = 1200k - 500k = 700K per unit.
Smart evil right? And All Singaporean house buyers have to pay for
their fucking evil dirty tricks!!
Indonesian Tycoons are good at this kind of dirty money games.
They have started doing it since 2003/4. HGovt should allow
Extradiction Law to pass without conditions to send them back to
Indonesia.
This crisis name is called En Bloc Prime Loans.
But Govt will try to cover it up buy jacking up the
HDB prices also. Let everyone work for their life
to cover their ass.
LKYs Mother
2007-10-07 03:10:11 UTC
Permalink
One mistake should not be used to qualify
another.
Post by Siansiansian
According to the revelation in Horizon Tower Court case, the full list
of ownerships in Dragon Court En Bloc sale was not submitted to Govt
during application. The full list was only presented upon request, and
they realsied some of the owners are in fact the En Bloc Sales project
Assumming initial loan to buy properties = 500K per unit,
En Bloc Sales payment (loan from bank) =1200K per unit.
Net Amount pocketed from bank loans = 1200k - 500k = 700K per unit.
Smart evil right? And All Singaporean house buyers have to pay for
their fucking evil dirty tricks!!
Indonesian Tycoons are good at this kind of dirty money games.
They have started doing it since 2003/4. HGovt should allow
Extradiction Law to pass without conditions to send them back to
Indonesia.
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