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Hi me and my sister wants to buy a condo, we are currently staying in a HDB for over 20 years. I co own the HDB with my parent and my sister doesnt own any, we are using her cpf for 15% and i'm paying 5% cash for the condo downpayment. Is there any implication on it? Also, does it affect my sister's ability to buy a HDB next time? thanks
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2 Answers

CK Ang
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Hi, yes you can rent out private condo immediately after purchase. To be correct, if you purchase 2nd property, the additional stamp duty is 7%, in total you have to pay (7% + 3%) - 5400. Can I suggest we have a sharing session for you understand more on the rules and regulation. I will also show you the purchase procedures of private condo. It will be foc. I can be reachable at my mobile. CK Ang 9046 3808  Vestor Realty Read More
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Philip Chong
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I assume that you sis is able to finance the 80% (has IPA been done? if not, can I help) loan with her current salary? If she is unable to finance 80% of the loan, do drop me an email and I will see if there is any other advice I can provide. As for her purchasing HDB, some issues as mentioned by Zhiwei. Do give me a call if you would like to have your finances checked. Rgds Philip Chong, Associate Team Director, Singapore Accredited Mortgage Planner, Propnex Realty Pte Ltd. Hp: 81613790  Email: propnex@me.com Read More
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