facebookMy Property agent friend intro mi into merge funds to buy property in Singapore and I need to fund in $200k and I will get a return of 15% after 3 years waiting. I not sure this is legal or safe? - Seedly

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Eric Ng

04 May 2023

Property

My Property agent friend intro mi into merge funds to buy property in Singapore and I need to fund in $200k and I will get a return of 15% after 3 years waiting. I not sure this is legal or safe?

Discussion (10)

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Legal with a legal instrument get a vetted contr

Theres hardly any tools that can provide double digits return but contains no risk. Do beware!

I heard of it. It is not safe for sure. It depends on how much you can trust that friend and from my own experience, I won't trust anyone with my own money.

Robin

Edited 05 May 2023

Administrator at SG

  1. Never invest in things you have no knowledge of
  2. Always have a black and white contract drafted
  3. Never do business with a close friend or family member

Kent Toh

05 May 2023

Consultant at Sprinklr

It is legal. You can have black and white, through contracts and lawyers.

It can promise you the s...

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