Wah! So much money swirling round and round. All around Towkay. Money from whom leh?
(Not vested)
(18-09-2014, 10:34 AM)Temperament Wrote: [ -> ]Wah! So much money swirling round and round. All around Towkay. Money from whom leh?
(Not vested)
Yes this is really becoming very interesting with the possibly for ALZ and also UE. Some invisible forces is behind Towkay. Who can it be?
Being a rich man is to have the money when you want and how much you want, not to have a lot of cash lying in the bank doing nothing.
credit is a privilege of the riches.
i think i read somewhere even Towkay got into "credit squeeze" by banks or credit companies in the past. Everything is relative in this world.
Anyone interested in my HDB?
Not bad leh, recently the "Cheng Hu" says i can sell 20 to 30 lease back to them if i have (touch wood) "no road to run anymore"
My is 4 room lah.
So in the first place why 99 lease?
Why not 60 years and renewable by the original or current lease holder?
So that there are more $ for the people to spend somewhere else.
i think in some countries like China does it this way-60 years lease and renewable.
Anyway, i think the 60-years lease & renewable will happen in Singapore soon-not too far away.
May be not in my lifetime but it will happen.
Why?
It is 99yrs because, they probably say the longest living life of a couple is 110 years
A freehold lease is not good for the country because the next generation will not be motivated to pay for own home (thus build up their loyalty for the country), and there will not be future land sales to generate revenues.
If it is 60/70yrs, they will be hammered if the person lives till 95 yrs old.
And with a 99 yr lease, you can leave something sufficient for your kids, which is acceptable in Asian culture.
The first generation leaders are simply brilliant and think through very well.
But remember the flats are not on market pricing (DISCOUNT AGAINST market price of land), rather on subsidy against actual cost.
Our parents who bought the 5 room flats in Hougang and Bishan at $75,000 - $99,000 in 1980s, will still have lots of CPF savings. So i do think most of the elderly > 70 yrs have enough CPF to live on.
However, some have withdrawn CPF for kids studies ($100,000 to $200,000) and net is insufficient retirement funds.
To me the 60-yr HDB lease is crazy because people are living longer, and I dont want to go beg the government extend the lease for another 10-15 yrs.
That is why the retirement flats should come with a 40-yr lease and for people who is minimum 60 yrs old to live.
Can you wait for HDB to choose your flats for ENBLOC?
> Anyone interested in my HDB?
> Not bad leh, recently the "Cheng Hu" says i can sell 20 to 30 lease back to them if i have (touch wood) "no road to run anymore"
> So in the first place why 99 lease?
> Why not 60 years and renewable by the original or current lease holder?
> So that there are more $ for the people to spend somewhere else.
> i think in some countries like China does it this way-60 years lease and renewable.
> Anyway, i think the 60-years lease & renewable will happen in Singapore soon-not too far away.
> May be not in my lifetime but it will happen.
> Why?
> Towkay subscribing for this con itself is a very confounding move unless this was the prerequisite for others to join in
That is a very good question. Whether he bought and used it as a marketing tool for the PBs, it will be interesting to know.
Towkay is basically telling everyone... no worries $ I got a lot...
Using BVI company to long the perpetuals at 4.88% taking $250m out of a total of $600m (about 41.67% of total issue) is a loud and clear message...however, given its BVI, we also have no clue where is the sources of $...
Anyway, $ $ everywhere and there is a loud and convincing message overnight... considerable TIME...
In considerable TIME, it will heal all wounds... everything will be ok... no worries...
ALZ is an excellent purchase even Aussie Treasurer and ex Treasurer also dismissed bubble mongers as lazy analysts and attribute it the structural difficulties to align supply with strong demand for housing...
No worries... just sit back relax and watch the main driver deliver and execute his plans... No bankers are worried about financing Towkay and his BVI entity... who are we to call him bluff?
Vested
Towkay Admirer
GG
His money is from some BVI that is like the SPV of the CDO crisis where bankers lend them short term and invest long to roll down the curve? Forumer Contrarian knows what I'm talking about
I must be lazy as well since I am very skeptical where the demand is coming from when Aussie economy slowing down and unemployment rises. So prima facie supply not meeting demand is right but we have to understand the fine print, which seems like only lazy people would bother
Towkay bought FNN/ centerpoint at peak of Singapore property cycle. The main difference is that he and Lippo were both very hardworking in shedding the assets. Is his timing really good or his execution?
Is this a case of buy high sell higher. If it is who are the buyers?
