'Puzzling' plan to buy over HDB flat costs man $200k

The man could have paid off the HDB mortgage of $125,000 himself but he chose to put the whole amount into his wife's CPF. ST PHOTO: KUA CHEE SIONG
Gift this subscriber-only story to your friends and family

SINGAPORE - There are two crucial points when it comes to financial planning - understanding exactly what you are going to do and sticking to it through thick and thin.

Get them wrong and you could pay a heavy price as a man here knows all too well now, given he stands to lose $205,000 after a series of decisions on his part that a judge found "puzzling".

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.