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I just bought a property in Pasir Ris For 900K. It is also forseen that the property prices will fall by 10-15% over the next few years. So, does that mean that i would have to pay the equivalent of 10-15% of the price to the bank? Please advise. ( I took bank loan)
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1 Answer

Peng Robert
Replied
Hi Fitri,

to answer in simple way, you will not. You have paied 20% cash when you bought the condo (40% if you have other house loan). As long as the value drop is less than 20%, bank will not require top-up.

However, if the value of house drop beyond bank loan, it is possible to happen.

Robert Peng
Huttons Asia Pte Ltd
CEA Reg No: R042525J
Mobile: +65 9800 1968 
Email:Robertpeng001@gmail.com Read More
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