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The pitfalls of buying properties for your kids
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Chief of all is the risk that such valuable investments will be shared by the kids’ estranged spouses should their marriages fail.
PHOTO ILLUSTRATION: PIXABAY
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SINGAPORE - Thinking of buying an apartment for your adult children so that they can have a headstart in life without the extra financial burden of mortgages?
Before well-off parents jump on the popular bandwagon of financial planning by getting their kids into real estate as well, they should realise that such moves are not without pitfalls.
