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Am I, as a foreinger, eligible to buy secondhand condo in Singapore? IF so, what kind of? does it have to be very old condo?

I have 50% deposit + 15% stampd duty for condo with price range SGD 600-700k.
Should I get the loan from local or Singapore bank?
Thanks
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7 Answers

Hi,

Yes foreigners are eligible for most condominium purchases, be it new or resale. Local bank loans packages are more competitive. Thanks and may I have more details so to value-add to your housing plans?

Warm regards
Ivan ERA
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Hi Anna,

You are more than eligible to purchase a private apartment or condominium in Singapore, however, loan eligibility is subjected to financial assessment by the authorities here and pegged to your income. To find out about the bank rates for the different banks here in Singapore, I will recommend you to speak to a mortgage broker instead of a banker direct, since the mortgage broker has access to the rates across all banks at their finger tips to advise you better.

Let me know if you require further assistance or advise.

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Hi Anna,
Yes, foreigners are eligible to purchase most new or resale condo. The resale condo need not to be very old, some are brand new (just completed less than a year). You should apply for a bank loan from a Singapore-based bank rather than bank in your country as the interest rate should be lower here. Nonetheless i could get my network of bankers to assist you in terms of the possible loan quantum you could take or qualify for Singapore ppty purchase.
Meanwhile you have a good budget and it depends on whether you are looking at a 1 or 2 bedroom unit and at which location.
Do feel free to contact me as i would be able to guide you accordingly or shortlist suitable units based on your requirement.
Currently i do have a brand new recently completed 1 bedroom freehold unit within your price range.
Hear from you soon.
Thank you.
Regards,
Kelvin Chen
ERA Associate Division Director
 +65 84282282 
kelvinchen.era@gmail.com Read More
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Hi Ms Anna,

You are eligible for ALL types of private property- resale AND new launches. As for the loan, perhaps you could get in touch with me so that I can link you up to my network of bankers who will provide you with the rates of the different banks for your consideration.

Furthermore, a private property purchase does not require you to pay fees. Hence if you do want to be walked step by step, do contact me and I will be glad to share my expertise and knowledge with regards to your purchase, at no cost that too.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
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2014 ERA Asia-Pacific Business Conference Elite Award

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Hi Ms Anna,

You are eligible for ALL types of private property- resale AND new launches. As for the loan, perhaps you could get in touch with me so that I can link you up to my network of bankers who will provide you with the rates of the different banks for your consideration.

Furthermore, a private property purchase does not require you to pay fees. Hence if you do want to be walked step by step, do contact me and I will be glad to share my expertise and knowledge with regards to your purchase, at no cost that too.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/June ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More
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Hi,
Foreigner is eligible to purchase most condo in Singapore. Local bank is good.
To assist and advise more in details, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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