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Hi All,

I am an Australian and my home is in Sydney.
I am looking to expand my property portfolio into SEA.
I lived in Singapore a few years ago and I am familiar with the surrounds.

Can you please help me understand some information around:
1. How loan structures work, do I get a loan from a local SG Bank or is this organised though an Australian based bank?

2. I am looking at Condo only and open to multiple districts. I am planning to hold for long term investment.

3. The ABSD of 15% is concerning, but I have noticed a cool of prices by MAS in the past few years. I am wondering whether to hold out in anticipation of MAS reducing this to stimulate the market again.

Thank You!

John
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6 Answers

Hi John do contact me at 97970200  or ngsiewwhye@gmail.com to discuss more on your options

Mark, your RIGHT choice
MCG Read More
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Hi John,

I believe that there is always at least one opportunity in every type of market situation, but the question is whether are you ready to act (active) on it or are you still sitting by the fence waiting for something to happen (reactive). In my course of 8 years in this industry, I have witness these 2 groups of investors, and the difference between them is the reactive ones usually stay reactive.

As an investor, it is not about heading into a project where everyone else is purchasing, simply because if all intentions are similar, it creates a pool of similar profile units out in the market waiting for the exact same timing to liquidate therefore eroding the potential returns, I am not sure if you agree or not.

A clever investor will be ready with all necessary financial resources, identify the rare good deal and enter the deal immediately, shutting off competition. This is where a real estate consultant can benefit you, because we don't sell, we advise.

Let me know how you would like to work things out, it will be extremely helpful if you are flying into Singapore personally and I can get the relevant financial advisers to speak to you together.

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Geryl LIM
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Hi John,
1. yes, you can finance with local bank. The loan quantum is base on your monthly salary, if your monthly income is not from SG, the max loan will be cap at 60% of the valuation.

2. you are right, long term investment, min around 10 years for capital appreciation.

3. although there is ABSD for foreigner, but if it is removed, the property price will rise more than 15%.

There are some good buy at the current market. Please drop me an email with your details requirements. I will try my best to match and send you for consideration.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

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

I have assisted a few clients who is staying and working overseas to buy a property in Singapore. You will be able to secure a bank loan from a local bank with all the necessary income documents.

I would recommend the holding period to be 5 to 7 years for a meaningful upside potential. The current rental market is pretty weak and therefore it is important to invest in a development which is easy to rent so that your mortgage can be taken care of by the rental as you wait for capital appreciation. I would strongly recommend those developments which are located in area with strong growth potential and has a pool of ready tenants!

The buying sentiments is still strong now with recent sales posting healthy sales. Foreigners continue investing in Singapore real estate market despite the ABSD. Therefore I do not expect the ABSD to be relaxed soon as the government intend to keep the market in check.

The first step to buying a property here is to determine how much you are able to borrow and drafting up a full financial plan. Please feel free to contact me so that I can understand your needs better and guide you through the whole process!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
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Robbie Chen Chee Howe
Hi John,

Let me help you understand your commitments.

1. Firstly, if your income is not derived from Singapore, you may only be able to get up to max 60% loan on the property, subjected to local bank's approval.

Also, it is not advisable for you to get a loan from an Australian bank, as the interest rates in Australia is much much higher than in Singapore. You will suffer a deficit should you do this as the rental yield here is unlikely to match the interest Australia banks charged to you.

2. As a foreigner, you can only look at strata titled properties, namely condo, as you are not able to own landed properties. As for the districts to invest in, I would suggest you go for core central regions, as these are the areas where prices has came down sharply over the past few years. The core central districts will also be the first to rise, compared to other outlaying districts, should the property market turns bullish in the coming years.

3. The ABSD has been here for more than 4 years, and there is little signs that Government will remove the ABSD anytime soon. This is actually good for foreigners. Because, should Government decides to remove some of the cooling measures, prices will begin to move up again. Imagine what would happen if Government were to remove the ABSD for Singaporeans and PR, and not for Foreigners? We will then turn from a Buyers Market into a Sellers Market. I would not advise you to enter during a Sellers Market as you would then be chasing the prices, and yet pay ABSD!

Hope my above explanation can aid you in your decision making.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Mani Subramanian Veeramani
Dear Mr. John Pane

Our fellow agents answered very well.

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