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Singapore Private Residential Property Financing & Other Expenses
What is the maximum financing (loan) amount?
As a foreigner earning foreign income, you can loan up to a maximum of 80% of the purhcase price of the property subject to property valuation by the lenders. From our experience, majority of our clients secure loans of 70% with no problem.
What are the types of bank loan available?
The loan can be fixed rates or floating rates.
What are the other expenses involved in investing in Singapore properties ?
* Legal fee - You have to pay for a one-time legal fee of about $3000 SGD per transaction. However, the bank usually provide full legal subsidy if you take up a loan subject to the bank's terms and conditions.
* Renovation costs - You may want to renovated your property.
* Furnishing costs - You may have to purchase furniture and electrical appliances if you intend to lease out your property for rental income.
For More Detail Please Contact
Buy, Sell, Rent, Invest, In Singapore
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
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