The risks of buying properties in 99-to-1 share

9 months ago 1021

SINGAPORE - Impose a tax and it's pretty certain someone will devise a loophole, as is happening here, with crafty investors avoiding an anti-property speculation levy by allowing one buyer to own 99 per cent of a home while the other holds just 1 per cent.

While some believe this ownership set-up will help them save money when they want to buy more properties later, others are being misled by over-zealous real estate agents who have been giving faulty tax advice.

Already a subscriber? Log in

ST One Digital


No contract

ST app access on 1 mobile device

Unlock these benefits

  • All subscriber-only content on ST app and

  • 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

Read Entire Article