Asked by
hi!! I am an entrepreneur from Mumbai, India!!

I would like to know if I invest around singapore $4,00,000 in a good location in a residential project, how much rentals I can get monthly? and my 2nd question is that being an Indian citizen can I buy the property in singapore? and my 3rd question is Can I get a home loan and at what rate of Interest?
0
886 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Evening Sachin,

You may want to look at Caribbean at Keppel Bay. Unit at around 1200 to 1300 sqft are going at around $2 mil. Each unit rental is around $6k to $8k. Or a penthouse unit may cost around $3.5 mil and rental price at around $10k to $11k.

For the purchase of private property, there's no limit as an Indian. If you are purchasing by cash, you need to prepare addition buyer's stamp duty of 10% for each property.

In reference to loan rate, you can work with SBI or even HSBC for your mortgage financing. With financing in mind, bank might grant you 80% loan for first property and 60% loan for second property.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More
0
Hello Sachin,

Welcome. Request you to write to me on realproperty63@yahoo.com.sg or call me on 93380071  .

I would write to you the complete financial working with regards to buying property in Singapore.

Regards,

Radhika Prakash
Ex Banker ( SCB)
Global Realtor
DTZ Debenham Tie Leung
 93380071  Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions