A not so shocking phenomenon (although its shocking for some), married couples are getting divorced to save on paying additional stamp duties or ABSD when purchasing a 2nd or 3rd property. The cost savings from paying the additional buyer stamp duty out weighs the cost of divorce and the conveyancing cost (and stamp duty) when transferring the ownership of the matrimonial home. Channel News Asia covered this issue [read it here]
This may call for divorce lawyers to partner conveyancing lawyers and property agents and property developers, a powerful foursome.
It may seem unpalatable to the conservative ones, who think that marriage is sacred and in the face of the “unholy” S11, de-coupling for material wealth seems to be here to stay for now at least.