Hi,

Just a question to check with u all. Can 2 unrelated person buy a private property (eg Condo) ? Meaning i would like to purchase a condo with my girlfriend but we're not planning to get married yet. Any body knows if that's possible. thanks.

No restriction on who buys private properties. Can even be a company.

All restrictions are normally related to HDB properties. For example.. if person owns existing HDB, then when buying private got some things to work out.

no prob for two unreleated persons buy private properties. if one of u own a HDB, within 5years MUP cannot buy private prop. if either one own a HDB, then property tax will be 10% (instead of 4% for owner staying).

u need to chk out CPF rulings too (ie. if already using CPF for one property, need to set aside minimum sum in the CPF a/c, before it can be used for 2nd house). U two need to decide manners of holding (joint tenants or tenants-in-common).

basically if two of u do not own any property, no major issues. if u do not use CPF, even less issue.

Edited May 12, 200818 yr by latitude