If I am not mistaken, ur monthly installment can not exceed 50% of your net salary.

Which makes even a 500k property a bit iffy.

High upfront payment maybe a consideration but 60k is abt 12% only.

Banks will probably look into 80:20 or better still 70:30 financing.

By the way, it also depends whether ur property I from developer (new) or sub sale. Dev units normally get full financing. Sub sale will require valuation and u may not get favourable valuation.

Example, u want a 90:10 financing of a 500k house but bank value it at 300k. So bank will only finance 270k and u need to cough out 230k.

Another suggestion look for banks that offer my first home schemes...

Try go shopping ard for banks.

This post has been edited by aurora97: Jul 31 2015, 04:22 PM

Be constructive and offer solutions instead.