Getting an Overseas Property Loan in Malaysia: A Complete Guide

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Buying an overseas property in markets that perform better than the one in Malaysia is the preferred choice for many investors. Often, these investors are high-net individuals who don’t want to input a big chunk of their money into one project, hence they want to get some backing financially.

One solution for this is to apply for a so called overseas property loan. Personally, I believe that overseas property loans will get more and more popular as we become more globalized and tend to move around.

I’ve dedicated this whole article to explain how it works when you apply for an overseas property loan in Malaysia, which banks that offer the loans, what requirements that apply and more. Let’s have a look.

What is an overseas property loan?

Overseas property loans are designed for Malaysian citizens or residents who wish to finance a property overseas. As mentioned, when the local market performs worse compared to an overseas ditto, the preferred choice for many investors is to look outside the borders.

Stricter requirements normally apply, but you will find a handful of banks in Malaysia who offer overseas property loans.

Often, you can only get a loan if you’re a high-net individual and if the property is located in a prime location. Why? Because properties in such areas generally generate higher rental incomes and have a higher resale value. This is standard for similar loans in Singapore and Hong Kong as well.

Which banks offer overseas property loans in Malaysia?

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Getting an Overseas Property Loan in Hong Kong: A Complete Guide

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If you’re a Hong Kong citizen or a permanent resident foreigner, you can sometimes apply for a so called overseas mortgage.

The mortgages are designed to let you finance a property outside of Hong Kong, often you have the first contact with a bank in Hong Kong and you later transfer to a branch in the country where you intend to buy. They sometimes even help you to fill out the application, before the transfer is made.

Which banks offer overseas property loans in Hong Kong?

It’s not easy to find summarized about the banks that offer overseas mortgages (at least in comparison to Singapore), how much you can borrow and what conditions that apply. Therefore, I decided to do some research on my own and to write this article.

I’ve personally been in contact with a number of banks and with branches in Hong Kong (and the UK) to understand what overseas mortgages they offer. Let’s have a look.

1. BOC (Bank of China)

Bank of China, sometimes referred to as BOC, is one of the top four commercial banks in China. It opened its first Hong Kong branch in 1917 and has become one of the major players.

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Getting an Overseas Property Loan in Singapore: A Complete Guide

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I get increasingly more questions from foreigners who look for financing overseas, might it be for purchases in the country where the loan is obtained, or elsewhere. Often, the buyers have sufficient with cash, but don’t want to put a big chunk of money in one investment.

There are countries in Asia that offer overseas property loans, one of the most popular ones is Singapore. I will continue writing about how you can get overseas property loans in Asian countries, but let’s start and have a look how it works when obtaining one in Singapore.

What is an overseas property loan?

If you’re a Singapore citizen or a permanent resident foreigner in Singapore, you can apply for a so called overseas property loan. Not all banks offer the loans, but you’ll find a handful of banks who do.

Simply put, overseas property loans are designed for investors who wish to buy property in another country, the banks normally offer the loans for purchases in a limited amount of developed countries, or sometimes even cities.

As a start, you can apply for the loan in your country of residence, but your main contact will be with a local branch in the country where you plan to buy.

Continue reading Getting an Overseas Property Loan in Singapore: A Complete Guide