Yes, one of the advantages of buying real estate in Singapore is low interest rates. Currently, bank interest rates in Singapore are within 1.5%-2%. Therefore, when purchasing real estate in Singapore, it is generally necessary to borrow as much money as possible.

For foreigners, the maximum loan amount is 60%-80% of the transaction price (depending on the policies of different banks). The basic procedures required are:

1. Copy of passport

2. Loan application form

3. 3-6 months salary slip

4. Bank statement

5. Personal annual income certified by an accounting firm (required by some banks)

For buyers who cannot prove monthly salary income, banks also allow lenders to deposit a certain amount of deposits in local banks as part of the loan ability review . These deposits can usually be withdrawn after approval by the bank.

But foreigners must pay attention to the fact that the cash flow for the down payment and subsequent installments of the mortgage are very strict time limits - especially for Chinese buyers. Since China has foreign exchange controls, the amount involved in buying real estate is relatively large.