Asked by Winnie Loo
Hi, me and a friend intend to buy a private property(studio or 1bedroom) for investment purpose, our budget is around $600k to $650k in D15,16,9,10,11.
We do have, in cash, the 5% initial down payment on hand now. However I would like to find out, is it a must for our cpf a/cs to have the balance 15% at the time we purchase the property?? We might not have enough in both our cpf a/cs.
Our combined income is 6.5k/mth
Can we just pay the 5% in cash and loan the rest?
Thanks!
We do have, in cash, the 5% initial down payment on hand now. However I would like to find out, is it a must for our cpf a/cs to have the balance 15% at the time we purchase the property?? We might not have enough in both our cpf a/cs.
Our combined income is 6.5k/mth
Can we just pay the 5% in cash and loan the rest?
Thanks!
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