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When a couple’s two-home dream turns into nightmare
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You should purchase properties based on affordability, not whether you can skip paying taxes
PHOTO: BT FILE
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SINGAPORE - If you are over-zealous in wanting to buy a second property, you can lose sight of the risk that such an investment could land you deep in debt as a couple found to their immense cost.
The middle-aged pair were happily living in their $2 million condominium unit and would have had no problems in paying off the mortgage, but they chose to “decouple” to buy a second, more expensive property, as part of their retirement planning.
