For subscribers
Property buyers face high price for being misled into deals to avoid ABSD
Sign up now: Get ST's newsletters delivered to your inbox
The “99-to-1” sham is a ruse to avoid paying the full ABSD, which is levied on Singaporeans who buy a second or more properties.
PHOTO: ST FILE
Follow topic:
Using a hefty retrenchment payoff to snap up an investment property looked like a smart move at first glance but a former sales manager only ended up buying herself a world of financial pain.
The 59-year-old woman received more than $200,000 for being laid off her job and decided to invest in a property for her daughter.
