CHOOSE A BANK
HOW TO OWN PROPERTY IN SINGAPORE
When you have chosen the mortgage product that works best for
you, you’ll need to make your application. Typically, this will
mean that you must arrange a stack of paperwork and visit the
bank in person to get approval. Each bank will operate slightly
differently, so call your local branch to check if you need to make
an appointment in advance.
Apply for an Approval-in-Principle (AIP) because you cannot
secure a sale without it.
Bank Limit for Foreigners
For individuals without outstanding housing loans, you can
borrow up to 80% of the purchase price.
For individuals with one or more outstanding housing loans, the limit is up to 60% of the price.
Ohmyhome has Free Mortgage Advisory Service. We have in-house mortgage specialists with over 10 years of experience to recommend the most suitable package across all banks suited to your needs. It's free, so feel free to ask.