Can I buy a private condo under tenancy in common with my wife if I already own 1% of my parents' house and my wife does not have any properties?

Yes, you can buy a private condo under tenancy in common with your wife, even if you already own a 1% share of your parents' house and your wife does not own any properties.

Key Points:

• Tenancy in Common allows for flexible ownership arrangements where each co-owner can have a specified share of the property, which can be unequal. This means you and your wife can decide on the proportion of shares you each want to own.
• Existing Ownership: Your current 1% ownership in your parents' house does not prevent you from purchasing a new property under tenancy in common with your wife. However, it is important to ensure you comply with all relevant laws and regulations, including those related to stamp duties and other financial obligations.
• Flexibility and Control: Tenancy in common provides more flexibility in terms of ownership and estate planning. Each co-owner can will their share to beneficiaries according to their will or the Intestate Succession Act, and they can also sell or mortgage their share independently without needing the consent of the other co-owners.
• Legal Advice: It is advisable to consult with a property lawyer to ensure all legal aspects are correctly handled and to understand your rights and responsibilities as co-owners.

In summary, you can proceed with buying a private condo under tenancy in common with your wife, and this form of co-ownership offers the flexibility and control that may align with your specific needs and circumstances.