Asked by ANGELA
Hi I am Chinese citizen living in HongKong would like to buy a flat in Singapore for $ 1M . Can I get a loan for this in Singapore ?
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1 Answer
Morning Angela,
I can introduce my panel of bankers to advise you on this and on their different banks loan packages.
But you have to bear in mind, as a foreigner purchasing a residential property in Singapore, you will be subject to 15% additional buyer's stamp duty on top of the usual buyer's stamp duty of 3% due to the recent 11 Jan cooling measures.
For instance for a $1M property purchase as a foreigner:
1) 18% buyer's stamp duty -$5400: $174,600
Hope it helps!
If you need any assistance in property purchase in Singapore, I am just a call away.
Cheers!
Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More
I can introduce my panel of bankers to advise you on this and on their different banks loan packages.
But you have to bear in mind, as a foreigner purchasing a residential property in Singapore, you will be subject to 15% additional buyer's stamp duty on top of the usual buyer's stamp duty of 3% due to the recent 11 Jan cooling measures.
For instance for a $1M property purchase as a foreigner:
1) 18% buyer's stamp duty -$5400: $174,600
Hope it helps!
If you need any assistance in property purchase in Singapore, I am just a call away.
Cheers!
Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More