Wednesday, May 08, 2019

Investing in property

A year ago, I wanted to invest some spare cash. I thought of looking at property investment.

A friend recommended a "reliable" property consultant. He introduced several expensive residential property to me.

I learned that I am subject to additional buyer stamp duty (ABSD) on top of an inflated property price. I was not interested.

The consultant then recommended retail units in suburban malls. These are not subject to ABSD.
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