Latest Phuket Property News

07/11/2008 - UOB Bank finance property in Thailand for foreigners.

United Overseas Bank have recently announced that they are now offering finance to foreigners who wish to purchase a condominium in Thailand.

The loans with floating interest rates are available for freehold condominium units valued at SGD200,000 (approx 105,000 Euros) or over. To qualify foreigners should be aged between 21 and 65 years and have an income of at least SGD100,000 (52,500 Euros) per annum.

The loan period is from three to thirty years and can be taken in either US or Singapore dollars, at the prime lending rate plus 1.5% per annum.

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