Asked by D Po
We're considering purchasing a condo when we move to S'pore in the next 6mos. Our budget is between $700,000 and $1,000,000. I will be an EP holder. I have two questions:
1. I'm not a citizen or PR, so as an EP, will I have to put 30% or 20% down?
2. Would it be better to start the process now based upon my wife's salary history, since I am just finishing a PhD, and have been out of the job market for the past 3 years? If so, does it matter if my wife is not going to be the EP holder when we move?
In other words, we are moving to S'pore for the foreseeable future, we want to buy a condo soon without much hassle, we'd rather not put more than 20% down, but though I will be the EP holder, I don't have the salary history right now, but my wife does. What can we do?
1. I'm not a citizen or PR, so as an EP, will I have to put 30% or 20% down?
2. Would it be better to start the process now based upon my wife's salary history, since I am just finishing a PhD, and have been out of the job market for the past 3 years? If so, does it matter if my wife is not going to be the EP holder when we move?
In other words, we are moving to S'pore for the foreseeable future, we want to buy a condo soon without much hassle, we'd rather not put more than 20% down, but though I will be the EP holder, I don't have the salary history right now, but my wife does. What can we do?
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