Financing your purchase for New Launches


For an 30-year Singaporean individual purchasing his 1st private property at $1 million,


Downpayment of 20%:

Cash: (0.05*$1mil)=$50,000

CPF/Cash: (0.15*$1mil)=$150,000


Stamp Duties:

Buyer's Stamp Duty=CPF/Cash: (0.03*$1mil)-$5,400=$24,600

Additional Buyer's Stamp Duty=NA


And obtaining a 30-year loan from a typical Financial Institution in Singapore, where final year of loan tenure terminates before borrower turns 65 years old,

(Assuming no other loan obligations and Total Debt Servicing Ratio (TDSR) compliant)


*Maximum Loan (or Loan-to-Value Ratio) of 80%:

Quantum: $800,000

Interest Rate (For illustration ONLY): 1.5%

No. of Months: 360 (or 30 years)

Monthly Mortgage Repayments: $2,761


*Calculations for illustrative purposes only. Maximum loan eligible and interest rates packages varies with different Financial Institutions (FIs), subject to each FI's risk assessment factors. For a detailed understanding of your mortgage obligations, please get in touch with me or speak to your preferred Mortgage Financing Specialist. 

© 2013 Ivan Ng. All rights reserved. This writing is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any property transaction, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the relevant laws of such jurisdiction. The information contained in this writing should also not be construed as financial or investment advice on any subject matter. Ivan Ng and ERA Realty Network Pte Ltd Singapore expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.

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