MAJOR ISKANDAR PROJECT ABORTED

This is the kind of headline that make for more nightmares among Iskandar investors.

Straits Times, 26 May 2015

But what is more worrisome is the line in paragraph three of the article which noted that the news was revealed to Straits Times recently.

I wonder how long ago was 'recently'? 

Cheerios.

THE HOPELESS CASE OF ISKANDAR

As usual, the latecomers to Iskandar, or any other red hot deals, are at the losing end.

The Monetary Authority of Singapore sounded the alarm today in Parliament via a PQ answered by MAS board member Lawrence Wong. With 336k homes in the pipeline at Iskandar, the number outnumbers Singapore's and is scary.

But is the alarm too late?

And our dear TDSR only applies to borrowing from local finance institutions. I do not believe it curbs you if you intend to borrow from the foreign country where your target property is situated in.

So how? Die.