Asked by TEC
Hi,
I have a HDB 5rm flat which is fully paid and would like to purchase a private condo as a 2nd property while holding on to the HDB(for rental).
Do we need to suffice the $58500 min sum each at this point of time if we were to purchase a new development now which will only be completed in 3 years time.
We have sufficient OA that can help us meet the 15% downpayment just that my spouse may be slight short of the minimum sum if we proceed now.
Thanks
I have a HDB 5rm flat which is fully paid and would like to purchase a private condo as a 2nd property while holding on to the HDB(for rental).
Do we need to suffice the $58500 min sum each at this point of time if we were to purchase a new development now which will only be completed in 3 years time.
We have sufficient OA that can help us meet the 15% downpayment just that my spouse may be slight short of the minimum sum if we proceed now.
Thanks
960 views