With inflation controling headlines for the latest days, interest levels are prepared to increase next regarding upcoming days. For those who have started going to and get an additional possessions, this is often an enjoyable experience to begin with looking since good upsurge in rate of interest might just imply stabilisation of property rates.
Apart from the price of the property, there are many anything you would need to be conscious of whenever to find a second household, such qualification, value and you may intent.
Qualification
For folks who very own a private property, then you will be absolve to get an additional personal possessions without having any judge effects. But not, when your basic home is a community homes, whether it’s a create-to-Order (BTO) flat, selling HDB apartment, exec condominium (EC), otherwise Design, Make market Plan (DBSS) flats, then you’ll need fulfil certain conditions before your purchase. (more…)