Asked by Lim Yong peng
Hi Guru, I have one property in South Australia. And another to be constructed comes next Jul 2011. Presently, for the first prop, I took up a mortgage finance from ANZ Australia for A$192K (interest only @7.75% for 7 years)Interest only will end in 2013. And will be looking out for a financing loan for the 2nd prop (bought at 348,800k) come end-yr.
Q: I am looking at transfering the 1st prop mortgage to a local / off-shore bank in Singapore. Follows by the 2nd prop, respectively. Perhaps, a duel currency mortgage facility. Can help to recommends some options / suggestions so that I can manage those loan in Singapore instead of using Australia banking facility.
Q2: I am also looking at capital financing to raise the fund to buy the 2nd prop mentioned earlier. The current value of the 1st prop is around A$295K. Is this raising of Capital financing possible using local / offshore here in Singapore.
Tks
Q: I am looking at transfering the 1st prop mortgage to a local / off-shore bank in Singapore. Follows by the 2nd prop, respectively. Perhaps, a duel currency mortgage facility. Can help to recommends some options / suggestions so that I can manage those loan in Singapore instead of using Australia banking facility.
Q2: I am also looking at capital financing to raise the fund to buy the 2nd prop mentioned earlier. The current value of the 1st prop is around A$295K. Is this raising of Capital financing possible using local / offshore here in Singapore.
Tks
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