Tang Wenliang - Non-repayment of debts makes Cai Tsai stick to his duties

Tong Wenliang recently shared an article on Property.hk about a debtor who does not repay interest or principal. He pointed out that banks are often loose with their valuations and often exceed the market value of the property. Sometimes, the transaction price of some properties is even lower than the bank valuation, and the buyer gets a very good deal.

However, Tang Wenliang reminded everyone that this does not mean that buyers are getting a good deal. In fact, this is because there are certain problems with bank valuations. Buyers should be cautious about bank valuations and not be easily misled.

Tang Wenliang’s suggestions

Tang Wenliang advises buyers not to rely solely on bank valuations when purchasing properties. He believes that buyers should assess the value of the property themselves and carefully consider whether it is worth the investment.

Bank valuation issues

Tang Wenliang pointed out that there are certain problems with bank valuations, which tend to be conservative. This may lead to buyers being misled into thinking they are getting a good deal when purchasing a property, which is not actually the case.

Conclusion

In general, Tang Wenliang reminds everyone to be cautious about bank valuations when purchasing properties. Do not trust appraisals easily. You should evaluate the value of the property yourself and make a wise investment decision.