Singapore Real Estate Financing: A Practical Guide

Published on October 3, 2025 and written by Cyril Jarnias

Singapore, a prosperous city-state in Southeast Asia, attracts numerous international real estate investors due to its economic and political stability, robust legal framework, and dynamic property market. However, obtaining property financing in Singapore as a foreigner may seem complex at first glance. This article will guide you through the key steps to realize your real estate investment project in the Lion City.

The doors to Singaporean real estate are open to foreigners

Good news for international investors: it is entirely possible to obtain property financing in Singapore as a foreigner. Whether you are a permanent resident, a work visa holder, or even a non-resident, Singaporean banks offer financing solutions tailored to your situation.

However, it is important to note that loan conditions may vary depending on your status:

• Permanent residents generally benefit from the same conditions as Singaporean citizens
• Work visa holders (Employment Pass or S Pass) can obtain loans, but with potentially less favorable conditions
• Non-residents face stricter criteria, particularly in terms of loan-to-value (LTV) ratio and interest rates

It is recommended to consult several banks to compare offers, as lending policies for foreigners can vary from one institution to another. Some international banks present in Singapore, such as HSBC or Citibank, may be more open to foreign investor applications.

Build a solid file: Essential documents

To maximize your chances of obtaining property financing in Singapore, it is crucial to prepare a complete and convincing file. Here are the documents generally required by Singaporean banks:

• Valid passport and visa
• Proof of income (pay slips, tax returns) for the last 3 years
• Bank statements for the last 6 months
• Employment certificate or work contract
• Proof of assets (savings account statements, investment portfolio)
• Details of the targeted property (option to purchase, floor plan, etc.)
• Credit history (if available)

For non-residents, additional documents may be required, such as proof of address in your home country or international bank references.

It is advisable to translate all documents not in English and have them certified if necessary.

Keys to success: Conditions to meet to secure your financing

To obtain property financing in Singapore, you will need to meet certain financial and personal criteria. Here are the main elements considered by banks:

1. Loan-to-Value ratio (LTV)

The maximum LTV for foreigners is generally lower than for Singaporean residents. It ranges between 60% and 80% depending on your status and the type of property. Be prepared to provide a substantial down payment.

2. Total Debt Servicing Ratio (TDSR)

The TDSR must not exceed 60% of your monthly income. This ratio takes into account all your existing debts, including the planned property loan.

3. Professional stability and income

Banks prefer borrowers with stable professional situations and regular income. An indefinite-term employment contract and tenure in your current job are assets.

4. Credit history

A good credit history, even in your home country, can work in your favor. Avoid any late payments on your existing debts.

5. Age and loan duration

The maximum loan duration is generally 30 years, but it may be reduced depending on your age. The loan must be repaid before you turn 65 (or 75 for some banks).

6. Type of property

Financing conditions may vary depending on whether you are buying a new, existing, or under-construction property. Some banks have specific criteria for each category.

Navigating the waters of Singaporean property financing

Obtaining property financing in Singapore as a foreigner is a demanding process but entirely achievable. The key to success lies in meticulous preparation of your file and a thorough understanding of Singaporean banks’ eligibility criteria.

Do not hesitate to enlist the help of a broker specialized in property loans for foreigners in Singapore. These professionals know the local market perfectly and can help you negotiate the best loan conditions based on your profile.

Finally, keep in mind that the Singaporean property market is highly regulated. Familiarize yourself with local laws, particularly regarding additional stamp duties for foreign buyers (ABSD – Additional Buyer’s Stamp Duty), which can significantly impact the total cost of your investment.

With proper preparation and the right advice, your dream of property investment in Singapore can become a reality, opening the door to exciting opportunities in one of Asia’s most dynamic economies.