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Hi, my spouse and I are having a BTO flat and is going into the 2nd year. Can I still buy ay condo for investmet if I have minimal cash? Such as buying under mother's name? Any problem on loans?
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You cannot buy another property until your minimum occupation period is over. If your mother is considering to purchase a condo for investment, she will only be allowed to use her own cpf (subject to minimum sum requirements). Her loan eligibility will also be assessed solely based on her own age & salary instead. Hope this clarifies. You may call me at 8182 4811  if you need other clarifications. Thanks. Read More
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Hi Sir, As you had not met the MOP period for your HDB, you cannot buy any condo. However if you are putting it under your mother'name should be no problem but the loan that she can borrow is based on her age, monthly salary, car loan and any credit cards owned. Thanks. Sherin Loh 83281025  sherinloh@gmail.com Read More
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