Singapore parents skirt property cooling measures by buying homes in children's names

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Source: https://www.straitstimes.com/business/property/singapore-rich-kids-are-ending-up-with-penthouses-as-parents-skirt-taxes

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There is an increasing trend of wealthy families who seek to work around cooling measures by buying properties in their children’s name.

Since property cooling measures in July 2018, such as ABSD of 12 per cent for second homes and 15 per cent for third and subsequent properties, there are more young homebuyers entering the market.

The purchase are financed by their parents who are using their children’s names to acquire another private residential property

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