For subscribers
Why property investors can’t cry foul to back out of deals
Sign up now: Get ST's newsletters delivered to your inbox
You shouldn't use sham transactions to invest in property because things can go wrong.
PHOTO: ISTOCKPHOTO
Property investors who suffer setbacks often like to use strict rules for real estate transactions here as a way of getting out of deals that no longer suit them.
They often argue that the agreements they have signed are “shams” created to mislead the authorities into thinking that the transactions are genuine.
