Category: Singapore

I often receive questions from readers who look for local mortgages in Asia, not rarely in Singapore.

Not only are there people with financial restrictions, but I also come across wealthy investors who own a dozen of properties or more in different countries, looking for options to leverage their money.

Being one of the most economically free and transparent countries in the world, you have significantly more loan options in Singapore, compared to developing neighbors like Thailand and Cambodia.

Therefore, I decided to write this guide where you’ll learn the basics when applying for a property loan as a foreigner in Singapore.

Buying real estate as a foreigner in Singapore

It’s generally easier for local citizens and foreign PR holders to be granted property loans. Being a non-resident foreigner will add to some requirements.

For example, verification of proof of incomes, the types of property you can buy, and more (non-resident foreigners can only buy private properties, whilst PR holders can buy HDB apartments and have easier access to the landed property).

You’ll also need to seek permission from the Singapore Land Authority, before buying property as a non-resident foreigner. PR holders and local citizens are exempted from this requirement. Continue reading Singapore Property Loans for Foreigners: A Complete Guide

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 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 in Singapore. I will continue writing about how you can get overseas property loans in Asian countries, but let’s start and have a look at how it works when obtaining one in Singapore.

What is an overseas property loan?

If you’re a Singapore citizen or a permanently 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