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