Unbiasedsg_
Senior Member
- Joined
- Dec 31, 2018
- Messages
- 1,086
- Reaction score
- 4
Yes, if you have sufficient resources around, like few hundred thousand cash, then settling the progressive payment could be a viable option. If not, I believe most property owners especially the younger generation will require a loan to acquire a property in Singapore.Sorry to bump up old post....
Does it means settling the progressive payment from our own pocket rather than taking loans for the next 3 years?
Regardless of which floating package you go for, there are bound to be changes, hence you will need to evaluate each floating package (SIBOR, Board rate, Fixed deposit) and how the market has response/feedback to it.
Once you have done your calculated risk/ due diligence, stick with it until the loan is fully disbursed to avoid unnecessary penalty for the undisbursed amount. Upon full disbursement, re-evaluate what the market has to offer, especially when your project has TOP, fixed rate package will be made available to you.
If you still require further assistance, do PM us, we endeavour to assist you in every way we can bro.
Good luck!