Dear Mr. Tan
I read that you bought an apartment in Forest City. I also heard from my friends that more than 100,000 units will be built there and it will be difficult to find a tenant or to sell it in the market later on, due to the massive supply. Why did you choose to invest there? How are you going to pay the loan to buy the property?
Reply
I agree that it is not a good choice for an investment, at least for the short term. I plan to hold it for the long term as a holiday place for my children and grand children. It is only 10 minutes from the second link and provides a totally different environment.
It is build as a modern smart city. Among others, it has an innovative transport concept. The plants in the buildings will act like a forest to provide oxygen and remove the carbon dioxide. The concept is totally different from any other city on the planet now. I am buying for the future.
I am paying for the apartment upfront to enjoy a 15% discount. You can see from the progress videos that the apartments are being built very fast, so the risk of default can be ignored.
It is a freehold apartment. The price is about 25% of the price for similar 99 year property in Singapore.
In my view, this property is suitable for people with spare cash, especially those who have sold their property for a handsome sum in an enbloc sale recently. You can invest some of your gains in Forest City.
You can watch the videos of Forest City on Youtube. If you are keen to visit the place, and even to have a complimentary one night stay at the 5 stay hotel, send an email to kinlian@gmail.com. I will ask the marketing executive at Forest City to arrange your stay.
She had arranged a stay for me last month, and that led me to buy the apartment.
I read that you bought an apartment in Forest City. I also heard from my friends that more than 100,000 units will be built there and it will be difficult to find a tenant or to sell it in the market later on, due to the massive supply. Why did you choose to invest there? How are you going to pay the loan to buy the property?
Reply
I agree that it is not a good choice for an investment, at least for the short term. I plan to hold it for the long term as a holiday place for my children and grand children. It is only 10 minutes from the second link and provides a totally different environment.
It is build as a modern smart city. Among others, it has an innovative transport concept. The plants in the buildings will act like a forest to provide oxygen and remove the carbon dioxide. The concept is totally different from any other city on the planet now. I am buying for the future.
I am paying for the apartment upfront to enjoy a 15% discount. You can see from the progress videos that the apartments are being built very fast, so the risk of default can be ignored.
It is a freehold apartment. The price is about 25% of the price for similar 99 year property in Singapore.
In my view, this property is suitable for people with spare cash, especially those who have sold their property for a handsome sum in an enbloc sale recently. You can invest some of your gains in Forest City.
You can watch the videos of Forest City on Youtube. If you are keen to visit the place, and even to have a complimentary one night stay at the 5 stay hotel, send an email to kinlian@gmail.com. I will ask the marketing executive at Forest City to arrange your stay.
She had arranged a stay for me last month, and that led me to buy the apartment.
1 comment:
https://www.businesstimes.com.sg/government-economy/malaysia-says-forest-city-project-in-johor-off-limits-to-foreign-buyers
Bad investment! Dont buy! Get clobbered like the Clob shares.
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