Hi Avinash,
1) Foreigners can purchase any private apartment in Singapore.
2) Singapore has no restriction on foreigners buying private property as long as it is non-landed.
3) You may choose to buy 99 yrs leasehold, 999 leaseholds,s or freehold.
4) The only difference between local citizens, Permanent Residences (PR), and foreigners is the buyer stamp duty. Foreigner has to pay a 20% additional buyer stamp duty (ABSD) on top of buyer stamp duty.
5) Local citizens and permanent residences pay lower ABSD rates dependent on the number of properties they own in Singapore.
6) Bank loan for a property is the same across the board for local citizens, PR & Foreigners; 25% downpayment, maximum 75% loan, and subject to TDSR (Total Debt Servicing Ratio) to determine how much you could borrow.
7) Interest rate is also the same regardless of residential status.
8) As long as you can prove your active income locally or overseas, the bank will be able to assist in doing the loan assessment.
9) You may engage a property agent in assisting you to recommend or arrange a viewing appointment. No commission is charged for agent service.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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