Asked by Mr. Steven Toh
Hi there, any Property Guru can advise me?
I owe a HDB 5 room flat purchased in 1 Nov 2006. Flat is fully paid up in Dec 2012. Interested to get a 1 bedroom condo in the west to get rental income as supplement.
My questions:
1) Can I continue to live HDB and buy a additional 1 bedroom condo with current property ruling?
2) What is the minimum sum to be used in CPF for my current scenario?
3) What will be the estimated maths breakdown (downpayment, stamp duty & etc), assuming the condo costs $600K.
4) With 2 properties on hand, what is the property taxable then?
Appreciate the response from professional opinion. Many thanks.
I owe a HDB 5 room flat purchased in 1 Nov 2006. Flat is fully paid up in Dec 2012. Interested to get a 1 bedroom condo in the west to get rental income as supplement.
My questions:
1) Can I continue to live HDB and buy a additional 1 bedroom condo with current property ruling?
2) What is the minimum sum to be used in CPF for my current scenario?
3) What will be the estimated maths breakdown (downpayment, stamp duty & etc), assuming the condo costs $600K.
4) With 2 properties on hand, what is the property taxable then?
Appreciate the response from professional opinion. Many thanks.
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