Can a sinkie buy a condo with a friend ? Is it allowed by PAP law and what are the things I need to be aware of ? E.g. If I die what will happen to my share etc ? Or if my friend die, what will happen ? Anyone ever do this before ?
Yes, you can condo with friend and what happen after you die it will depend on what arrangement you make when you buy the property, tell your lawyer what you want
to make it a bit easier ... why don't you marry your friend first before you buy
Can a sinkie buy a condo with a friend ? Is it allowed by PAP law and what are the things I need to be aware of ? E.g. If I die what will happen to my share etc ? Or if my friend die, what will happen ? Anyone ever do this before ?
often ends up in dispute. and friendships are destroyed.
Why of all frens/relatives she chose to invest with you? Surely theres a reason.....
Think hard....
You should buy with her as tenants in common, that mean when you die your share of property will not automatically go to her ..
... it will go to PAP instead
hmm you mean 1 will want to sell, 1 may not next time ?
Investment turns out well: get greedier and take bigger risks. Or one person gets greedy and wants to makan the other's share.
Investment becomes shit: blaming, angry accusations and finger pointing.
Can a sinkie buy a condo with a friend ? Is it allowed by PAP law and what are the things I need to be aware of ? E.g. If I die what will happen to my share etc ? Or if my friend die, what will happen ? Anyone ever do this before ?
Not sure about now, but last time cannot use cpf for loan repayment for non-related buyers.
wow another illogical papy law. Once I try to apply grants when buying resale hdb with bro, grant not approved. Whereas grant can be approved with couple. I question hdb officer does it mean both bro earn more $, officer speechless.
Can a sinkie buy a condo with a friend ? Is it allowed by PAP law and what are the things I need to be aware of ? E.g. If I die what will happen to my share etc ? Or if my friend die, what will happen ? Anyone ever do this before ?
hmm you mean 1 will want to sell, 1 may not next time ?
often ends up in dispute. and friendships are destroyed.
hmm you mean 1 will want to sell, 1 may not next time ?