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How an astute property agent retained the bulk of over $6m in assets in a divorce
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The real estate agent was so flushed with money that he paid for his $668,000 HDB flat in cash.
ST ILLUSTRATION: MANUEL FRANCISCO
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- A real estate agent successfully built a $5.5 million portfolio before and during his 12-year marriage.
- The High Court allowed the man to retain 70 per cent of the matrimonial assets as he was the main contributor financially.
- Pre-marital assets and diligent financial planning can significantly influence the division of assets in divorce settlements.
AI generated
SINGAPORE - A real estate agent was so astute in speculating in properties that he bought and sold five homes for himself and made over $2.3 million when he was just over 40 years old.
Just before he got married, he was so flush with money that he bought a resale HDB flat and paid the $668,000 purchase price in cash.
