QUOTE(wild_card_my @ Jun 16 2019, 11:39 PM)
OCBC rates are quite OK. Prior to the BR reduction, about 4.41% for 500k and above.
It depends, if it is under schedule H (checkout the HDA), the the loan would be tagged as a residential loan thus the 90% margin applies, just like any other residential units. The 85% margin limit for commercial loans are set by the banks themselves, to reduce their exposure to "investment" properties.
Between the developers' sales agent who will help you processing the loan, and the subsales agent, I would trust the developers' sales agent because those projects are their own.
It is not unheard of that subsale agents would sway the purchaser into buying their own units by downplaying the competition - for some the 5% difference between 90% and 85% is a huge factor.
Investment properties carry with the higher risks, and are defaulted more often than own-use residential.
How bout uob hsbc and standard chartered rate? It depends, if it is under schedule H (checkout the HDA), the the loan would be tagged as a residential loan thus the 90% margin applies, just like any other residential units. The 85% margin limit for commercial loans are set by the banks themselves, to reduce their exposure to "investment" properties.
Between the developers' sales agent who will help you processing the loan, and the subsales agent, I would trust the developers' sales agent because those projects are their own.
It is not unheard of that subsale agents would sway the purchaser into buying their own units by downplaying the competition - for some the 5% difference between 90% and 85% is a huge factor.
Investment properties carry with the higher risks, and are defaulted more often than own-use residential.