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.
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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