Short answer to the question - Yes. 80% is the maximum that banks can loan to anyone for buying property. I do not think there is any scheme to bridge the gap. If you find any let me knowchixchix wrote:Hii all, Singaporeans need to pay a 20% downpayment for any property they purchase, what about foreigners.
I have a friend who just started working in Singapore and wants to purchase a private property here. However ,need to know, do they need to make a 20% downpayment as well ? Since they have no CPF,does it mean all the downpayment has to be done in cash or are there other schemes available for Foreigners... please advise.
Thanks
You can take out a personal loan for the difference. The interest rate is higher, but the payment terms are shorter.valleyman wrote:
Short answer to the question - Yes. 80% is the maximum that banks can loan to anyone for buying property. I do not think there is any scheme to bridge the gap. If you find any let me know
MinSG wrote:TREE HOUSE is expected to have TOP by mid/end 2014. There will be a future LRT station nearby the condo. As of now, I do not know or see any existing condo around that area. Perhaps you can do a search here and find out the rental. However, nowadays things get changed fairly quickly so I am not sure if anyone can foresee how much the condo rental will be like in 4 years. Good luck to you!
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