Hello Stephen,
as a foreigner, most banks will loan you 70% of the value of the unit. There are cases whereby banks are able to loan you up to 80% but this is subjected to approval.
For new launches, the payment scheme is as follows:
1. Booking fee of 5% of the unit's price.
2. 8 weeks later, 15% of the unit's price.
3. The rest of the payment is paid progressively by your bank.
So basically, its dependant on your loan status. If you managed to get 80% loan, then you would only have to pay 20% downpayment. If you managed to get 70% loan, then you would have to pay 30% downpayment.
If you are interested to invest in new launches in Singapore, I have some new launches in D9,11 which still has Deferred Payment Scheme(DPS). What is DPS? When you buy a property under DPS, all you need to do is pay 20% downpayment, no loan is required. You pay the balance only when the project is completed.
I am doing quite a number of new launches in prime areas with good upside potential and can help you with all procedures required to invest in them. Alternatively, do view my web at www.96952550.com and if you feel that we can work together, I look forward to hearing from you :)
Thank you and Best regards
Dalen Chee
email : dalen550@gmail.com
mobile :
9695 2550
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