If you take over your dad flat, it will consider as a “newly purchase” flat. Therefore, you need to dispose your condo within 6 months, and wait for another 5 years before you can invest in another condo.
It will make more sense if you dispose your dad now.
Hope that I had answered your question.
Feel free to contact me if you need a salesperson to assist you.
Thanks and Regards
Senior Group Director
DWG Ace Division
Dennis Wee Realty Pte Ltd
Website: johnnygohproperty.com Read More
It's best that you sell off your dad's property rather than taking over his property as you will have to dispose both of your properties as a result.
Feel free to get in touch with me if you need any assistance.
(M): 9111 5171
(W2): yttan.stproperty.com.sg/ Read More