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JS

Project Consultant at -

24 Jun 2021

Property

Studio apartment for investment + resale to stay for singles?

My cousin and his brother are both singles, age 32 and 34. Not likely to get married soon and have combined income of about 10k. They are considering getting a three or four room HDB to stay under the older brother's name a year later and then the younger brother gets a studio apartment for renting now. This is to avoid ABSD and still have an apartment each. Any better solutions?

Discussion (2)

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Everybody can only own 1. So there is no loop hole, coz is singapore. Make sure u buy the correct location, for studio, u gonna sell it away in the future. Cheap doesnt means good.

CommonSense Investor

24 Jun 2021

Certified Professional at Biotechnology and Gene Therapy Industry

Stay with parents for maximum frugalism

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