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Thursday, October 31, 2019

Requested for 2 Rejected Housing Loans

After discussing with my family about the landed terrace house, my family is strongly against it, as the bank interests alone cost half a million dollars if paid in 20 years. Hence, I asked for bank rejection letters in order to get back my earnest deposit for 10 Denai Pinang 16 which cost $1.75M and another at 2A Denai Pinang 8, Phase 1 of Azira. It is located opposite Quayside and Straits Quay. It is a 2.5 storeys terrace house with a big garden or greenery behind but the porch can only accommodate 2 small cars. The owner of the first house, Mr. Lim, was elated when I decided to buy and promptly bought a $60k house for his daughter in Singapore. Now he is short of cash and I don't know what to do with him. I have requested 2 loan rejection letters and will get back my earnest deposit. The second one was the owner of Converse, apparently downgrading to sustain his struggling business with 4 outlets in Prangin Mall, Gurney Plaza, and Queensbay Mall, and another in Butterworth.

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