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Hi,

Its possible, how can I get my bankers to get in touch with you? For foreigners, their total stamp duties is 18% and downpayment is 20%, hence total 38% of purchase price. Thanks and hope to value-add to your plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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(Client's Testimonials) Read More

Hi Mr Shuo Zhang

You may speak to a banker in Singapore or if you need us to refer, please email to gavin.ng@orangetee.com

Your ability to borrow will be determined by the bankers' assessment.

The current stamp duty for the purchase of property is 3% + ABSB 15% for foreigner.

Regards

Gavin Read More

Hi Buyer,

I am a Mortgage Broker for 5 years before joining the Real Estate Industry.

I believe that my experience will be a compliment to your buying process in Singapore.

For Foreigner : Stamp duty is 18% of the purchase price / valuation whichever is higher.

- Downpayment of property: 20%

Please feel free to contact me directly at 97990870  and I will gladly be of service.

Wishing you an excellent day ahead.

Thank you,
Joanne Ang
CEA Reg: R056748I
E: joanne.ang@ga.com.sg
M: 97990870  Read More

Hi Mr Zhang,

That's possible. Given the cash that you have, you could even purchase a unit up to $1.5M.

Feel free to contact me at your convenience, and I'll get my banker to do the necessary evaluation for you.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Good morning Mr Zhang,

If you have income derived from overseas, local banks will be able to grant you loan. But first and foremost, do let my banker advise you on your approval in principle first so you can gauge how much you can loan.

And yes you are absolutely right that as a foreigner, you will have to pay up to 18% stamp duties. In addition to at least 20% downpayment, you need to fork out at least 38% of the purchase price.

In fact with your finances on hand, you can afford a $1.5m if you obtain max 80% loan.

But if you are thinking of just $400k loan, you might be looking at properties up to $1m.

Hope my sharing is beneficial to your property purchase.

May I know how can I continue to value add in this investment?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

Afternoon,

The amount of loan and actual loan period will be dependent on your income status, credit standing and age. If all is in order, you have sufficient funds for purchase of property prices at $1 mil. ABSD payable for foreigners are at 15% and stamp stamp duty are at 3%.

Do contact me further should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Mr Zhang,

1. You will be able to secure up to 80% loan for your property purchase. The balance 20% will need to be in cash.

2. As for the stamp duty, there is a Additional Stamp Duty of 15% for foreigner on top of the normal stamp duty of about 3%.

3. For a 1mil property, you will need approximately about $374,600 in cash.

Please feel free to contact me so that I can provide you with further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg / nick96444854@gmail.com
(W) www.nick-tan.com / www.propertyavenue.com.sg

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“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
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Hi Mr Zhang,

I believe you have already done your fair bit of homework to find out the tax rates for a foreign buyer here in Singapore.

In terms of loan, I believe my fellow professionals have already more or less covered the question, that in order to be eligible for a mortgage loan here in Singapore, you will be required to have recognisable income to finance the loan. A $600k budget itself is actually good enough for purchase of certain projects outright in cash, however, I believe that liquidity is also important and it is not very wise to dump all cash into a property.

Perhaps we may look more into how you can utilise the $600k cash for your investment to make the best returns.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
Home of *7772 Hotline
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Hi i have a few units for investment that may be of interest to you. Do contact me @ 97970200  to discuss further

Mark Ng
Shenton Realty Homes Read More

Hi Mr Zhang,
Yes, the ABSD for foreigner is 18% on top of the standard 3% of stamp duty. For bank loan, it will depends on your documents prove and your age to define the loan tenure.
Please drop me an email for me to assist you on the loan issue.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good morning Mr Zhang,

You will still be able to get a bank loan based on your overseas income. They usually require documents like pay slips, equivalent of notice of tax assessment etc.

Probably it will be best for my banker to advise you on this.

May I know how can my banker get in touch with you?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

Hi Mr Shou Zhang,

Re: Our Preferred Experienced SG Professional

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Call me now, we can explore further in detail.

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