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Securing financing is a crucial element when it comes to investing in a condo. Fortunately, Singapore provides various mortgage options for potential investors. However, it is imperative to familiarize oneself with the Total Debt Servicing Ratio (TDSR) framework. This framework puts a cap on the amount of loan a borrower can take, taking into account their income and existing debt obligations. By understanding the TDSR and seeking guidance from financial advisors or mortgage brokers, investors can make well-informed decisions about their financing options and avoid the risk of over-leveraging. It is crucial to keep in mind that proper financing is key to a successful condo investment.
Comprehensive knowledge of the regulations and limitations that govern property ownership in Singapore is vital for international investors. While acquiring a condominium is relatively straightforward for foreigners, stringent rules apply to owning landed properties. The ABSD, which is set at 20% for …