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Investing in a condo is heavily dependent on financing, making it a crucial aspect to consider. In Singapore, there are various mortgage options available, but it is crucial to be familiar with the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take based on their income and existing debt obligations. It is crucial for investors to understand the TDSR and seek guidance from financial advisors or mortgage brokers to make informed decisions and avoid over-leveraging. Additionally, for foreign investors, it is essential to take into account foreign ownership regulations when considering financing options for a condo in Singapore.
Furthermore, foreign ownership can also allow individuals to gain residency in their desired country. Some nations offer residency programs for individuals who invest in their economy, such as purchasing a property. This can open up opportunities for individuals to obtain …