Good evening Sir/ Mdm
You are eligible to take up a bank loan in Singapore but it will be subject to assessment.
Let say you are eligible for max 80% bank loan, you are required to fork out estimated 38 to 39% of the purchase price.
Breakdown:
1) 20% downpayment
2) estimated 3 to 4% buyer's stamp duty
3) 15% additional buyer's stamp duty as foreigner
4) legal fees varies around $3k
5) mortgage stamp duty $500 (if taking loan)
6) valuation fee etc
If you wish to pay fully by cash also not an issue at all. I recently assisted a US citizen to purchase a residential property with full cash along with my colleague.
I will go through the timeline in which which are the payments are required at different stages.
Hope my sharing aids in clearing your doubts.
May I know how can I value add further and make your purchase seamlessly as foreigner in Singapore?
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M):
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