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Hi,

I am a foreigner (not SPR) and interest buying a condo. I have a cash that can covered 25% of condo price. But the problem is regarding BSD and ABSD. My question, is it possible to add BSD+ABSD to Bank Loan, this means the bank give loan to cover 75% of condo price + 18% (BSD+ABSD)

Thanks and Regards,
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4 Answers

Hi, to answer your query, the bank is unable to cover the 18% (BSD&ABSD). If your country falls into the Free Trade Agreement, you do not have to pay ABSD. Have you also check if the bank is able to loan you the 80% of your intended purchase. Do give me a call @ 81613790  or email me at propnex@me.com if you need more real estate assistance or the bankers to work with you on your purchase of your dream property in Singapore. Rgds Philip Chong, Associate Team Director, SAEA Mortgage Planner, Propnex Realty Pte Ltd Read More
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Dear buyer,

The reason for introducing ABSD is to cool the property market therefore such stamp duty is to be paid via cash where you won't be able to loan. Work out the finances resources with a qualified financial person such that you will be able to plan ahead more efficiently.

Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
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Hi, BSD & ABSD is only payable by cash. You would have to call a banker to advise you on the loan amount as well as the maximum amount to purchase a private unit.

I can be reachable at my mobile.

CK Ang
 9046 3808 
Vestor Realty Read More
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Hi to answer you, I have written my detailed answer here. Please read it here.

http://www.hot-property.sg/guru-answers/guru-answers-foreigner-buying-condo/ Read More
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