Asked by Chew Winnie
I understand that we need to set aside minimum sum of $117K before acquiring 2nd property, however we can pledge 50% under the HDB flat that we've fully paid. My Qns are :(1) How do we go about on the pledging the 50%? (2) As both husband and wife need to set aside the minimum sum, can both of them pledge for 50% each, thereby both setting aside $58,500 each as minimum sum?
As the minimum sum is going to revise in July, if I am going to acquire a resale pte property now, will it be in time so we are still under the $117K minimum sum rule? Does CPF takes the date of option to purchase as the cut off date to apply the minimum sum rule? Thanks
As the minimum sum is going to revise in July, if I am going to acquire a resale pte property now, will it be in time so we are still under the $117K minimum sum rule? Does CPF takes the date of option to purchase as the cut off date to apply the minimum sum rule? Thanks
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