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Hi Gurus, I am currently servicing a housing loan for a private property. I would like to purchase a commercial property under my son's name but I will help with the repayment bcos I don't think his salary is sufficient. I am 50 years old and my son is 25. Can this be done? Also are there any other considerations that maybe relevant? Thank you.
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1 Answer

Robbie Chen Chee Howe
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Hi,

Yes, it is possible. CPF funds is not usable for Commercial properties, and you will need to finance it in Cash. I don't think there is any problem for you to repay the loan in Cash for your son every month.

I am experienced and well-versed in private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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