“$36 million? Cheap at twice the price! I’ll take two!”

Attention, enterprising fraudsters and ethically challenged private bankers – here is the most gullible person in Singapore (emphasis mine):

THE $36 million record deal for a Sentosa Cove bungalow that set tongues wagging in April this year seems to have fizzled out, with the buyer forfeiting a cool $500,000 deposit and more.

Lianhe Zaobao reported yesterday that the buyer of the 14,983 sq ft, 99-year leasehold site on Paradise Island recently backed out of the deal. He had cold feet after learning from widespread media coverage of the deal at the time that his offer of $2,403 per sq ft (psf) far outstripped market prices.

You know you haven’t done enough research when the local tabloid has to explain to you that you’ve paid too much.

The bloke’s name is Shen Bin, he’s the son of a Chinese billionaire (which is why he can drop $36 million on a house without checking the price first), and he is the most gullible person in Singapore.

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