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Hi Experts, I am a Singaporean living overseas and intend to purchase a condo in Singapore (in case I relocate back in the future and intend to lease it out in the meantime). Can I still get 80% mortgage loan with (local?) bank? I have no existing property in Singapore but has property and mortgage loan in my current residency country. Thanks!
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2 Answers

Aaron Chong
Replied
Hi George

Yes, chances is quite high. I met a Singaporean client recently who is based overseas and would like to purchase a property for investment in Singapore. I introduced a banker to her and managed to get a 80% loan in principle. (case to case basis).

Feel free to let me know should you need any assistance. Cheers!

Best regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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  • ST
    Replied
    Thanks both. This is very helpful. Any condo (prefereably freehold or 999 lease) worth considering with a S$1M budget?
Mike Lim
Replied
Afternoon George,

As for the 80% loan, buyers with good credit record and income status should be able to attain it with ease, if they do not have any property in hand. As for your case, I would recommend that we work with a banker for a more definite answer.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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