Asked by upgrader
Hi, me and my husband fully paid for our HDB flat. My sister (single, SPR) who does not own any property is staying with us. With the growing size of our family, we wish to buy a bigger condo which can house all of us, ideally is dual key condo.
I know we cannot touch our CPF for second property if we do not meet the minimum sum requirement. My question is, can 3 of us (my husband, me and my sister) purchase the condo together? As my sister do not own any property, can her CPF used to pay off the 20% downpayment required? Can we proportion the ownership such as, 50%,30% and 20%? It would be good to know the installment subsequently, can my sister use CPF money while me and my husband use cash to pay the installment?
I know we cannot touch our CPF for second property if we do not meet the minimum sum requirement. My question is, can 3 of us (my husband, me and my sister) purchase the condo together? As my sister do not own any property, can her CPF used to pay off the 20% downpayment required? Can we proportion the ownership such as, 50%,30% and 20%? It would be good to know the installment subsequently, can my sister use CPF money while me and my husband use cash to pay the installment?
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