True! Over here, you can apply for a 100% home loan BUT, the
interest kills! Worse, most of these 100% loan plans do not have
fixed interest rates so if the rates increase, you can really end
up crying! 
Best thing is to save at least 5% of the cost of the property as
downpayment, and then apply for a home loan. However, to get a
favourable deal, I think you have to show a steady savings level in
your bank account.
I think back in SG, with most people paying off their apartments
using CPF, you don't really need to come up with cold hard cash so
the urgency of saving might not be felt as acutely.
Darnit... within the next few years, I'll have to cough up the 5%
downpayment to quickly get a place to call my own before the
property prices rise even further! 
