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With the current credit crunch, are you seeing your buyers experiencing more difficulty in obtaining 90% loan, in comparison with last year before the subprime losses? Assuming buyer is not owning another property and has no previous bad credibility record.
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1 Answer

Henry Na
Replied
Hi Sir/Mdm,
As far as the financial condition of Singapore is concerned, we are not badly affected by the subprime issue created in the U.S. albeit poor sentiment. The financial institution here are strictly regulated by MAS for its rules and policies unlike the free market in the U.S. Although Banks are now seem prudent with their dealing so long ones has not be branded bad credit by credit bureau in Singapore. It is very much on ones eligibilty to have its loan approved based on the loan size. It is a case-by-case basis. I hope i have answered your question. thanks

best wishes
Rei jayanti
 98231878 
www.jayanti_tan.myweb.sg Read More
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