Can we China people go to Singapore to buy a house?

Yes, one of the advantages of buying a property in Singapore is the low interest rate. At present, the bank interest in Singapore is within 1.5%-2%. Therefore, buying real estate in Singapore will generally try to raise money.

For foreigners, the maximum loan amount is 60%-80% of the transaction price (depending on the policies of different banks), and the basic procedures to be handled are as follows:

1. Copy of passport

2. Loan application form

3.3-6 months salary table

4. Bank Memo

5. Annual income of individuals certified by accounting firms (required by some banks)

For buyers who can't prove their monthly salary, the bank also allows lenders to deposit a certain amount of money in local banks as part of the loan ability review. These deposits can usually be withdrawn after the approval of the bank.

However, foreigners must pay attention to the fact that there is a very strict time limit for the cash flow of mortgage payment in the first installment and subsequent installments-especially for China buyers. Because China has foreign exchange control, the purchase of real estate involves a relatively large amount.