5 Answers

YT Tan (陈永达)
Good afternoon Geok Chin,

Yes it is alright to have 3 property owners to a landed property and they are the people that can utilise their CPF OA funds for the monthly mortgage repayment.

But do take that if any one of you is a SPR or foreigner, you will need to seek permission from SLA's land dealing units first before you are eligible to purchase.

Hope my explanation helps!

Feel free to contact me if you need any assistance or advice in your property purchase.

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
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1
Hi Ms Lau,

You are absolutely right!
There can be 3 owners with complete utility of 3 CPF accounts for repayment monthly. However, please note that this process will be facilitated with all SC status.

May I ask if you have an area or particular development in mind?
Perhaps you can share more on your objectives but most importantly the requirements ; any particular type/ location/ budget to conduct a comprehensive search and shortlist of appropriate units.

The first step to move ahead is always getting the finances settled. I can link you up with my bankers who will assist you with the approved loan , at no cost. If you have your own preferred banker, that's fine too. Following that, I will conduct the financial cash computations and progressive payments with timeline to illustrate the options you could consider.

Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to give an entire overview and share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

D Kumar
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1
Evening,

You are allowed to have 3 owners for the purchase of private landed property either under joint tenancy or tenancy-in-common. If neither of you are above the age of 55 or have utilized their CPF for another residential property, you will be eligible to utilize all the available CPF OA for down payment and monthly mortgage. Do note that if any of you happens to be SPR, foreigner or holding more than one residential property, ABSD will be payable.

Do contact me further should you require additional assistance.

Regards
MIke Lim
 96929209 
m52i@yahoo.com
ERA Read More
1
Dear Ms Lau,

$200k upfront cash is unlikely able to land you any freehold landed home. Maybe 99years leasehold landed home could be a stretch too, on top of the requirement the SPR to apply for permission to purchase a landed home. On top of that, when the permission is granted, the landed home purchase has to be self occupied and not be used for rental.

Hope the above helps.

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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GAN ENG JOO ONASSIS
Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
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