Yep agreed that could be likely, since he put the post as him buying the condo he should be responsible if not aware of the finances behind it and plan accordingly.
It seems you have a son who is savvy in that respect and weigh's the consequences and options, kudo's. I considered that same factor as well but I was a far way off from getting married at the time, thankfully the apartment I bought paid off well (challenging for such returns in today's market).
Quote:
Originally Posted by Unregistered
I think the motivation for buying the condo under the son's name was to bypass ABSD. We wanted to do the same using our son's name but he reminded us that by doing so he would miss the chance of getting a subsidized brand new HDB flat. So no choice, we bargained for the ABSD to be absorb by the seller. |