Paying a high price for avoiding stamp duty


This view shows housing apartment buildings shrouded by the rain fall in Singapore on April 22, 2024. (Photo by Roslan RAHMAN / AFP)

SINGAPORE: Using a hefty retrenchment payoff to snap up an investment property looked like a smart move at first glance but a former sales manager only ended up buying herself a world of financial pain.

The 59-year-old woman received more than S$200,000 for being laid off from her job and decided to invest in a property for her daughter.

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