Singapore - Mortgage

Housing loans are available to expatriates at most local and foreign banks. Compare interest rates and other conditions. One condition to look out for is a prepayment penalty. Some banks allow you to you pay off your loan earlier but other banks may have a financial penalty if you do this.

Non-Singaporeans are restricted to the type of properties that they can buy. Special permission is needed to purchase ‘landed’ property (see section Housing typology). Newly built condominiums are probably the easiest type of property to purchase. Banks will usually lend up to 80% of the value of the property and less if the property is for investment.

DBS Bank
Tel: 1800 222 3333
Email [email protected]
website: www.dbs.com

OCBC Bank
Tel: 1800 438 3333
Fax: + 65  6738 9413
website: www.ocbc.com

Citibank
Global Consumer Banking
Robinson Road P.O. Box 1524
Singapore
903024
Tel: + 65 6338 8922
Fax: + 65 6328 6733

HSBC
website: www.hsbc.com.sg
This bank provides mortgages to foreigners up to 80% or 70% of the property value, if the property is for investment.

National Australia Bank
5 Temasek Boulevard
#15-01 Suntec Tower 5
Singapore
038985
Tel: 1800 433 6875
Fax: + 65 6336 0067
Email [email protected]