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After selling and purchased the resale HDB, im left with $200K sales proceed. Since i cannot buy a condo to invest as need to wait for MOP, what can I do if i want to invest in a condo? Pool in investors? Use other people name like family members and be a guarantor?
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1 Answer

Shao Inn Tian
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Hi MT

You may purchase the new property under your family members' name within your MOP period. But do note that if you are coming in as bank guarantor for the mortgage, the bank will still look at your existing loan, which means you can borrow up to only 60% of the purchase price. For a 200K budget, there might be some limitations on the units you can consider.

If not, you may want to pool resources and do joint venture like what a lot of my clients are doing.

Hope this helps!

We have some interesting projects on hand if you like to find out more.

If you have further questions, pls feel free to contact me.

Inn Tian
 9068 8568 
inntian@gmail.com
CEA Registration no. R043658I Read More
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