Usually, a foreigner can avail home loan only up to 70 to 80% from major banks or financial institutions. If you are looking for some competitive home loan then it's important to get assistance from an expert mortgage consultant because apart from availing a best loan you might also have many difficulties while looking for favorable options to purchase a residential property in this country.
Why it's difficult for a foreigner to treasure at tampines showflat purchase residential property in Singapore? Under the Residential property act, a foreign person is termed as any person who is not a citizen or any permanent resident. Moreover, a permanent resident is also termed as a foreigner under this act. But still, a foreigner can purchase a residential property under some criteria.