Ecohouse, a fake Brazilian public housing development, used to be the most popular overseas property project among Singapore investors back in 2012. Two years later, after it closed its office at Suntec City, more than 800 Singapore victims found that the project was a scam. They lost a total of over S$50 million. Last month, the UK police decided that there was no case for … [Read more...]
Case Study: A curious case of “no money down” property schemes
We present the case of John and his parents. John is an undergraduate student who has taken finance and investment classes that cover a range of asset-types, including real estate. During a family dinner, when discussing a module that John was taking in the university, Real Estate Investments and Finance, his parents divulged that they have made a real estate investment several … [Read more...]