Asked by
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
0
933 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

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
0
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
0
Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

Questions Like .. Review ...
Recommended
SIBOR / SOR – FLOAT RATE LOAN
Mortgage Calculations
Repayment Calculations
Difference Between HDB n Bank Loans
Home or renovation Loans
Property Tax
hdb resale checklist
Getting a BTO Flat
Getting a licensed contractor hdb
Tenancy Agreement For renting or rent out a house
home insurance coverage - HDB Fire Insurance
What is OTP ?

Shalom

Blessed , Regards

Koh.Z.H - Agt
hp- 8 2 7 9 8 3 2 7
Cea Reg - R 0 5 7 8 1 0 C
Orangetee - L3009250K
AAG Team Agent

***Recruitment Agt Welcome

My propertyguru Commercialguru Site

http://www.propertyguru.com.sg/agent/mr-koh-z-h-481485/koh-z-h

Welcome owner/Landlord to list through us

Residential , Commercial , Industrial
Room Rental Welcomed too Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions