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Me and my wife are foreigners with both of us holding EP. We are new to Singapore (just about 3 months), but are excited at the property investment opportunities. I think, we can afford a house worth of 800K. 1. Will I get a loan as foreigner on EP as I dont even have a CPF account yet. 2. I'm planning to apply for PR the moment I get eligibility, after few months. Will my loan prospects increase after getting PR? 3. I reasd that Private Finance companies lend as much as 90% of the value where as banks lend 80% of the value. Is that true? What are the lending rates? me and my wife both have our salarya ccounts with DBS. Is there an advantage?
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4 Answers

Lee Chun Peng Adnic
Replied
Hi,

For EP holders, the loan can be up to 80%. 90% due to government measures, banks will not be able to give the 90% loan anymore.

For $800k, depending on the locations, you will be able to purchase at 1-2 bedrooms property.

Should you have any further queries,
do contact me at 96722265 

Thanks Read More
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Tricia Tan
Replied
Hi, do approach different bankers for comparison of the your loan egilibilty and the good rates. Then after that you can start planning which property to invest or purchase.
Cheers,
Tricia Tan +65 92700867  Read More
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  • RA
    Replied
    Looks like Singapore Govt's measures just started impacting the markets. We decided to wait for few months before we plunge into action. I thank all the advisros. I hope to see continuation of your advises as and when you think is suitable.

    Cheers,
    R A
Catherine PANG
Replied
the bank are rational ..
will MAS ruling, you should be prepared to get a loan max 70%
www.catherinepang.com Read More
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Lester Chen
Replied
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