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Hi there,

Good day. I am currently assisting a number of foreign clients and will be glad to go over the entire procedure in depth. From financial calculations , to planning timeline , shortlisting projects for your perusal to explaining the entire admin : legal avenues. At the same time , I will be able to shed a greater insight to the market and share transaction caveats customised report for your understanding. Please do contact me for on WhatsApp/ email for further assistance and looking forward to value adding your purchase. Will address all your concerns : from banking details (banker contact , procedure) to all aspects.

Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!

D Kumar
 +65 96659926 
ERA Associate Division Director
#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
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ERA Multi-Million Dollar Club Award
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P Group
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Hi Jo,

You may wish to speak to a banker to find out more about your loan eligibility based on the recognition of foreign income. We do have cases where purchasers take up housing loan here in Singapore based on foreign income.

Real estate investment has traditionally been 1 of the most popular choice of investment channels in Singapore, due to the geographical location and size of our island nation, on top of sound infrastructure and government policies in place, where not only local Singaporeans are attracted to this investment channel, but also attracting foreign investments.

The investment environment has changed significantly from the early days, given the rising price trend, where many small time investors have been priced out of the market. It is no longer as attractive as it used to be by just investing your funds into a new project these days given the amount of new units available in the pipeline, therefore identifying a right unit with good investment potentials is the significant start to the investment journey.

To keep track of suitable projects based on your requirements, you may wish to subscribe to our mailing list with simple details provided to us for matching at bit.ly/BuildRealEstateWealth.

I look forward to hear from you soon.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi Jo do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG
ngsiewwhye@gmail.com Read More

Hi Jo

You may have to talk to a banker to ascertain whether your income can be recognized for the loan application. There is a possibility as we had the buyers' overseas income being recognized. Should you need us to refer you to the bankers, do let us know.

If you will write to gavin.ng@orangetee.com, we will do an estimated financial cash flow for your reference.

Regards

Gavin Read More

Hi Jo,

The local banks will be able to accept your overseas income to grant you a loan as long as the documents are in order. My clients who are residing overseas have all got their loan approved from local banks!

The costs involved are:

1. 5% Cash
2. 15% CPF (or cash if insufficient CPF)
3. Buyer's Stamp Duty of about 3%
4. Legal fees of about 3k.

I have assisted many clients who are investing for good rental yields and future upside potential. Please feel free to contact me so that I can understand your objectives better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick 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.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Jo,

Kindly contact me so I may guide you further on this as we have completed a number of cases similar to your scenario. In addition, we would also be able to recommend suitable projects for your consideration! Thanks!

Aloysius
Associate Marketing Director
 9006 5508  Read More

Hi Jo,

The amount of cash you will require would depend on the loan you are eligible for, and the price of the property you're purchasing.

If you're eligible for 80% loan, you will need to pay 20% downpayment and the Stamp Duty (approx 3%). Legal fees and some misc fees like property tax, upfront condo maintenance fee are some of the other fees you need to take into consideration.

If you're not eligible for 80% loan, you may need to top up the difference in cash/CPF.

Before we get further into any product shortlisting, I would need to understand more from you first. From the discussion, I would then be in a better position to advise you the most appropriate and suitable solution/products to you.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Jo,

Not to worry about it. As long as you have employment income even from overseas, banks in Singapore will take it into assessment and grant you loan that you are eligible for. Currently loan amount is based on 60% total debt servicing ratio (income - debt) and borrower's age.

If you are eligible to obtain max 80% bank loan, your downpayment will therefore be 20% as you had mentioned. Out of 20%,

5% must be in cash; balance 15% can be by CPF OA funds or cash.

Other costs:
1) buyer's stamp duty (estimated 3% if purchase price is up to $1m)
2) legal fees around $3k (payable by cpfoa funds)
3) mortgage stamp duty $500
4) valuation fee (varies)

Probably we can sort out your budget first then we narrow down which are the properties are favourable in terms of rental and future capital appreciation.

What do you think?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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