Asked by SL
Hello,
I own a condo unit currently, and loan for this unit is cleared. I'm exploring the option of getting a 2nd condo unit.
* What are the rules & regulations that govern purchase of 2nd private property?
* Am I eligible for the 20% downpayment? or do I still need to pay 40%?
* If I were to use my CPF to finance part of the downpayment, is there any restrictions?
* Besides downpayment, stamp duty/ ABSD & legal fee, what other costs do I need to fork out cash upfront?
Thank you
I own a condo unit currently, and loan for this unit is cleared. I'm exploring the option of getting a 2nd condo unit.
* What are the rules & regulations that govern purchase of 2nd private property?
* Am I eligible for the 20% downpayment? or do I still need to pay 40%?
* If I were to use my CPF to finance part of the downpayment, is there any restrictions?
* Besides downpayment, stamp duty/ ABSD & legal fee, what other costs do I need to fork out cash upfront?
Thank you
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