Can I secure a loan if I only own 1% of the property shares

In the context of Singapore real estate, the 99:1 property ownership scheme can indeed impact your ability to secure a loan, but it is not entirely impossible to do so.

Under this scheme, the 1% owner, typically an existing property owner, can be a co-applicant for the property loan. This arrangement can be beneficial because it leverages the 1% owner's income and creditworthiness, which can result in a larger loan amount or better interest rates compared to if the 99% owner (usually the first-time buyer) applied alone.

The key benefit here is that the 1% owner's financial contribution and credit profile can enhance the loan application, making it more likely to be approved and potentially securing more favorable loan terms. However, the primary decision-making power and control over the property remain with the 99% owner.

It is crucial to consult with a bank or financial advisor to understand the specific requirements and implications of such a co-ownership arrangement on your loan application.