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Hi Arshad

1) Foreigners are eligible to puchase non-landed private property.
2) Foreigners can even qualify for a mortgage if meet certain requirements.
Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3) Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share you the breakdown for this calculation including timeline.
4) How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you

I have assisted many foreigner purchase their Singapore property and will be glad to assist you as well
No agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Dear Arshad Ji,

As-Salamu-Alaykum. Thank you for your query.
The rough financial breakdown is such :
Loan 75%
Cash portion = 25%
5% Cash + 20% Cash/CPF
BSD 4% for >1m property, ABSD for foreigners apply.
Legal fee

I can walk you through exact figures and explain to you the entire process seamlessly. To be able to assist further, perhaps you could contact me so that I can address all concerns and run you through the strategies and solutions , laying out the financial calculations and financial plan for the purchase of your EC. I have transacted many private properties and will be glad to offer advise and insights as a form of preliminary discussion to expedite your plan.

It will also be useful for me to run through transaction caveats of properties and customise and sales and purchase report for your understanding and perusal. I have a huge belt of over 15 years of experience in the industry with multiple awards and accolades to my name till date- which speaks of my professionalism, body of work, skills and experience.

Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9/2020

ERA ‘2020/2021 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2020
ERA Multi-Million Dollar Club Award ‘2020
2014-2020 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall Top 100 achievers 2014-2020 Read More

Good morning Arshad,

Care to share your requirements and budget in mind?

As a foreigner, you are eligible to purchase private condo, apartments or landed in Sentosa.

Do you intend to take up a loan? Do take note that if your income is overseas, it might subject to haircut of 30%.

If you are eligible for 75% loan, you need to come out with these amount:

1) 25% downpayment in cash
2) stamp duty (3 to 4% depends on purchase price)
3) additional buyer's stamp duty as foreigner (30%)
4) legal fee etc

If you buying a $2m property, you need to come out up to 59% of the purchase price initially. This will be on top of the 75% max loan.

Perhaps you can share more with me so I will be in a better position to advise and assist further.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 91115171 
Email: yt.tan91115171@gmail.com

Do follow me on:

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To find out what’s the estimated valuation of your existing house, try our SRX property tracker.

You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More

Hi Arshad

1) As a foreigner you can enjoy the same bank rate as the citizens and permanent residents.
2) Your loan amount will be based on your income and resources locally and overseas, using the same assessment mechanism known as TDSR (Total Debt Servicing Ratio).
3) This means that you can only be allowed to use 60% of your income for the mortgage loan. This is too applicable to all citizens and permanent residents in Singapore. This is to ensure you are not over-committed to buying a property in Singapore. And the maximum loan you can get from any bank in Singapore is 75% (loan-to-value) of the property.
4) There is no limit on how much a property you are allowed to purchase. You are also allowed to purchase any type of tenure of the property be it is freehold, 999 yrs, or 99 yrs.
5) Your only limitation on property selection is you are not eligible to buy any landed property regardless of the tenure type.
6) You are also subject to a 30% ABSD (Additional Buyer Stamp Duty) for any property purchase in Singapore.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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