Asked by Confused
I am currently holding two properties. As such, I am affected by the current CM - allowing to loan only 40% from bank due to outstanding loan and having to pay additional 3% ABSD. Due to condo launch pressure, I have made a 5% down payment for a new studio apartment, around 400sq feet. In view of the many recent condo launches and possible decline in property price, should I just forgo my deposit and continue to source for a better property ? Appreciate your advice.
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