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I am a S'porean citizen living in USA and looking to buy freehold properties in Singapore as investments. Is it possible to secure loans in S'pore given these circumstances? What are the criteria to detemine max borrowing amt? I am not working with any Real Estate Agents currently. Thanks in advance.
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8 Answers

Dear Sir/Mdm,

It is possible to secure loans with the local banks and financial institutions to secure loans for property purchase. However, you will have to provide them with income documents from your work in US for them to process the loan application.

I have successfully helped my clients who are Singaporeans residing in Australia and Germany to secure property loans and purchase properties in Singapore.

Please feel free to get in touch with me so that I can guide you through the process. Thank you.

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

Testimonial for Satisfied Clients (2015)

“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.

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)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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 of HDB)

“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 of HDB) Read More
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Hi Ivan, yes it is even possible for a foreigner to secure a loan with a local bank in Singapore. Shall I get my banker to liaise with you directly?

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

Yes its possible, but the relevant supporting documents such as income slips & taxes filed will be required during the bank loan processing. Some of the criteria include age, income and credit profile and any debt obligations outstanding. My banking partners will be in a more professional position to advise further. What are your objectives and requirements? Thanks and hope to assist with your investment plans further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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YT Tan (陈永达)
Good morning,

It's definitely possible to obtain a bank loan from local banks as long as you have income. May I know how can my banker get in touch with you so he/ she is able to advise you on your in principle approval?

As long as you don't have any existing housing loan in Singapore, you will be able to obtain a max 80% bank loan. This is subject to total debt servicing ratio and a max loan tenure of 30 years or retirement age of 65 years old.

Hope my explanation helps!

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

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
(W): www.propertyavenue.com.sg Read More
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Afternoon Ivan,

Income document and tax statement, along with company employment document will be helpful to allow local bankers to work on your maximum mortgage loan quantum.

Do contact me further should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
Hi Ivan,

Re: Our Preferred Experienced SG Realtor

Yes, we can link you up with your preferred US bank stationed in Singapore for your housing loan.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
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Hi Ivan,
Bank may offer you a loan if you can provide the required document to prove you income. It is a good time to purchase freehold property as it's buyer market now.
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
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Hi Ivan,

Sorry to write to you so late.

Like you, i am a Singaporean, who used to live and work in NYC.

I am now back in Singapore and working as an agent for the past 3 years.

I still have my US bank account, just like i had my Singapore bank account while working in USA.

So as a Singaporean, yes you can secure a bank loan here.

If you are still looking to invest in Spore properties, and have not yet engaged the help of an agent, i would like to extend my service exclusively to you, especially when we have pretty similar situations, and i know also the USA laws that will affect you.

regards

Steven Wang
DTZ Property Network Pte Ltd
khim.wang28@gmail,com
 +65 9169 5023  Read More
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