AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Dear gurus, currently I'm staying in a BTO flat which is less than 5 years. I would like to purchase an australian investment property. Am i allowed to do that? Or can I have the property placed under my parents' name while i finance the it?
0 •
392 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

William Choo
Replied
Hi,

Since you are under the mop period, you can't. This ruling is applicable to residential properties in Singapore and overseas.

Hi.

Since you are currently under MOP, you can't. This is regardless of whether the purchase of private residential property (both local or overseas) is still under construction or is ready for possession.

Unless you are a joint owner, chancs are good that you can't get a mortgage.

If its for investment purposes, you may want to consider a commercial property, there are no restrictions unlike residential properties.

Feel free to contact me if you would like to find out more.

Kind regards,
William Choo (朱文彬）
Senior Marketing Consultant, 
CEA Reg No: R044093D
Huttons Asia Pte Ltd (License no: L3008899K)
Mobile: 9721 8288 
Web site: www.facebook.com/PropertySGD Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions