Asked by Anonymous
Hi there, I'm 33 years old, a single foreigner, and arrived in Singapore to live for the first time last September 2014. I'm very much falling in love with Singapore and turning 33 this year made me realise I need to finally get a place for myself at some point - not really too fussed where it is, and basic is fine for me just as long as it's mine!
I keep reading that you need 20% deposit in order for foreginers to get a housing loan. I wanted to ask if there is any way around this 20% requirement? I have no savings unfortunately, my salary is around 12K SGD per month (gross before taxes) and it just seems I need to do serious time in savings mode (given today's prices for private condos) in order to come up with that 20% deposit!
Thanks and happy holidays.
I keep reading that you need 20% deposit in order for foreginers to get a housing loan. I wanted to ask if there is any way around this 20% requirement? I have no savings unfortunately, my salary is around 12K SGD per month (gross before taxes) and it just seems I need to do serious time in savings mode (given today's prices for private condos) in order to come up with that 20% deposit!
Thanks and happy holidays.
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