2 Answers

Johnny Goh Mui Huat
Dear Teck Min,

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
Johnny Goh
R018297H
Senior Group Director
DWG Ace Division
Dennis Wee Realty Pte Ltd
Mobile: 90906267
Email: johnnygoh.dw@gmail.com
Website: johnnygohproperty.com Read More

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YT Tan (陈永达)
Afternoon Teck Min,

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.

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/ Read More

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