All the agents will know the rules, but i am pretty sure you can buy a condo! I think minimum deposit is 20% maybe more since the financial crash.mpp wrote:so that means as a EP holder we can buy a condo unit which is above 3rd floor, we need not be a PR for the same....
Yeh... the problem with buying on an EP is that the seller doesn't know how long you will get to keep your EP... just witness all the expat retrenchments right now... so you get to pay a large down to keep you involved and not just walk away from the property if you are sent back to your home country.metroguy wrote:EP holders are eligible to buy most of the condos which usually have a tagline "Foreigners Eligible".
A banker advised me that as a foreigner, the max loan I could get was 70%. This discussion happened in Nov'08.
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