Reference : Monetary Authority of Singapore (MAS)
Can I take a loan if I am a foreigner?
As an established real estate agency, we can help you secure a loan for property purchase from one of the major banks.
What is the maximum financing (loan) amount?
As a foreigner earning foreign income, you can loan up to a maximum of 80% of the purhcase price of the property subject to property valuation by the lenders. From our experience, majority of our clients can secure loans of 70%.
What are the types of bank loan available?
The loan can be fixed rates or floating rates.
What are the other expenses involved in investing in Singapore properties?
Legal fee - You have to pay for a one-time legal fee of about $3000 SGD per transaction. However, the bank usually provide full legal subsidy if you take up a loan subject to the bank's terms and conditions.
Renovation costs - You may want to renovated your property.
Furnishing costs - You may have to purchase furniture and electrical appliances if you intend to lease out your property for rental income.
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