BUYER RESOURCES · NEW PRIVATE CONDOS

New Launch Purchase Budget Planner

We help you organise your estimated purchase costs before you commit. Enter your figures to see the cash needed, usable CPF contribution and potential funding gap.

This planner is only for condo buyers: individuals buying a new private residential condominium with bank financing. Not an eligibility assessment. HDB flats, new ECs, entities and trusts need a separate review.

How to Use This New Launch Purchase Budget Planner

Enter the buyers’ income, ages and existing debts, then add the condo price, valuation, cash and usable CPF. Select “Calculate My Budget” to review the estimated loan limit, purchase funding and indicative property budget.

Your purchase assumptions

Condo buyers / loan applicants

Number of buyers applying jointly for the loan

Enter only actual loan applicants. Ownership alone does not mean a buyer’s income can be included. Confirm all applicants and income treatment with your lender.

Buyer 1

Age (years)Fixed gross monthly income (S$)Average variable monthly income (S$)Current monthly debt repayments (S$)

Fixed income is before employee CPF and tax, excluding employer CPF. Variable income: enter a documented monthly average (typically preceding 12 months); this illustration recognises 70%. Rental income, asset-based income and special exemptions need separate bank review. Include existing mortgages, car/personal loans and assessed credit-card/guarantor commitments. Count shared debts once across applicants, subject to the bank’s attribution; exclude the proposed new loan.

Purchase price (S$) Market / bank valuation (S$)Duties use the higher value; financing uses the lower value. Buyer profile for ABSD Residential property count for ABSD (including this purchase) Outstanding housing loans

The age / tenure LTV condition is calculated automatically from the applicants’ income-weighted age and your selected tenure.

Proposed housing loan (S$) Loan tenure (years) Illustrative interest rate (% p.a.)Assessment rate scenario (% p.a.)Choose 3%, 3.5%, 4%, 4.5% or 5%. The TDSR estimate uses the highest of 4%, this selection and your illustrative loan rate. A selection below 4% does not lower the TDSR floor. Cash available for this purchase (S$) Confirmed usable CPF for down payment (S$)Enter the usable amount confirmed with CPF Board, not simply your OA balance. Legal / valuation / other fees (S$) Cash reserve to keep aside (S$)

Joint purchase: use the buyer profile and property count producing the highest applicable ABSD rate. No exemptions, treaty treatment, remission or refund is automatically applied.

Your estimated budget

Select “Calculate My Budget” to view your results. Starting figures are examples only.

Your New Launch Purchase Timeline

We help you prepare for the next payment before it falls due. This overview is for an uncompleted private residential condo purchased from a licensed developer.

Stage	Timing / action	What we recommend checking
Before booking	Confirm eligibility, bank financing, usable CPF, duties and cash readiness.	We recommend checking financing before you pay the booking fee.
Booking / OTP	Pay the booking fee stated in the OTP; the illustration below assumes 5%.	URA permits a booking fee between 5% and 10%; check the actual contract.
Receive the S&P and title documents	Developer delivers these within 14 days from the Option date.	Your lawyer reviews the documents and records the delivery date.
Exercise the OTP	Within 3 weeks after delivery of the S&P and title documents, unless a valid extension applies.	Sign and return the S&P; arrange the balance to reach 20%.
Balance down payment	Normally payable when exercising; developer may allow payment within 8 weeks from the Option date.	Check the express deadline. With a 5% booking fee, the balance to reach 20% is 15%.
Stamp duties	Generally within 14 days after signing in Singapore; overseas execution has separate timing.	BSD and any ABSD are additional to the purchase-price instalments.
Construction claims	Pay each certified stage claim by the due date stated under the S&P.	Stages can be claimed close together. Confirm cash, CPF and bank disbursement arrangements.
Keys and completion	Follow the TOP/CSC, possession and completion notices in your S&P.	Estimated TOP is not a guaranteed key-collection date; final payments can be split between developer and stakeholder.

Your OTP, signed S&P, approved variations and lawyer’s advice determine the actual deadlines. Construction stages are not fixed calendar dates.

Your Progressive Payment Schedule

We show an illustrative normal payment schedule below. After you calculate your budget, the amounts use your entered purchase price.

Calculate your budget above to display your payment amounts.

Payment milestone	Share	Amount	Cumulative
Booking fee (illustrative 5%)	5%	—	—
Balance to reach 20% (illustrative 15%)	15%	—	—
Foundation works	10%	—	—
Reinforced concrete framework	10%	—	—
Brick walls	5%	—	—
Ceiling / roofing	5%	—	—
Doors, windows, wiring, plastering and plumbing	5%	—	—
Car park, roads and drains	5%	—	—
TOP / CSC and completed services milestone under the S&P	25%	—	—
Final completion / stakeholder payments under the S&P	15%	—	—
Total purchase price	100%	—	100%

This illustration assumes a 5% booking fee and a 15% balance to reach 20%. It excludes stamp duties, fees, reserves and mortgage interest, so these amounts must not be added again to the purchase price. A different booking fee changes the balance due to reach 20%.

The final 15% is grouped for budgeting only. Its actual payment and release arrangements depend on the S&P, including completion and stakeholder provisions; it is not necessarily one payment made when CSC is issued. The 25% milestone also requires the conditions specified in your S&P.

The source of each payment depends on your approved loan, required cash contribution, CPF eligibility and disbursement sequence. We do not assume that every construction claim is entirely bank-funded. If your proposed loan is 75% of the price, your total own contribution is 25%, even though the initial booking and balance payments total 20%.

LTV Limits for Condo Bank Loans

Outstanding housing loans	Standard maximum LTV	Reduced maximum LTV	Minimum cash down payment
None	75%	55%	5% under standard; 10% under reduced
One	45%	25%	25%
Two or more	35%	15%	25%

Reduced limits apply if the private-property loan tenure exceeds 30 years or extends beyond age 65 using the applicable borrower age assessment. Maximum regulatory tenure is 35 years; lender limits can be shorter. Financing value is the lower of price and valuation, subject to lender adjustments. Any price above valuation requires additional cash. For joint applicants, select the highest applicable outstanding-loan count across borrowers and confirm treatment with the bank. ABSD ownership count is a separate assessment.

References: MoneySense LTV guidance · MAS TDSR. No applicant ages or incomes are automatically sent to Albert; the WhatsApp summary includes aggregate results only when you choose to send it.

Financing Checks Before You Commit

We recommend confirming your bank’s loan offer and disbursement conditions before committing. LTV depends on outstanding housing loans and applicable age and tenure conditions. TDSR is part of the lender’s assessment; this timeline does not imply a fresh TDSR approval at every construction claim.

Read our LTV Guide · Read our MSR & TDSR Guide · Read our Transaction Timelines

Sources: URA — Booking Your Unit · URA — Signing the Agreement · IRAS — Stamp Duty. Reviewed 29 October 2026.

How we calculate and what to confirm

Down payment = purchase price minus proposed loan. The planner checks the proposed loan against the selected LTV ceiling, and estimates TDSR using the entered income and debts. It does not assess credit, borrower eligibility or bank approval. A bank may approve less. Income-weighted age uses the entered gross fixed plus variable income; TDSR recognises fixed income plus 70% of variable income. Actual bank income averaging, rounding and haircuts can differ. The effective assessment rate is the highest of 4%, the selected assessment scenario and your entered loan interest rate; a lender may use a higher applicable rate. Asset pledging and exceptions are excluded. Benefits or rebates may affect the financing value.

For conservative planning, duties and fees are allocated to cash; CPF is allocated only to the non-cash part of the down payment. Some duties and legal costs may qualify for CPF use, but payment timing, reimbursement and eligibility must be confirmed. Cash reserve is kept separate from purchase costs. Future CPF contributions, sale proceeds, renovation, furnishing and future mortgage instalments are excluded.

The monthly repayment assumes the full loan is drawn, a constant rate and equal monthly instalments. It is not the progressive repayment schedule during construction. Actual instalments and stage-payment dates depend on your lender and signed documents.

Rates reviewed 29 October 2026. Standard ABSD rates before reliefs. Verify with your lawyer and lender before committing.

Official references: IRAS BSD · IRAS ABSD · MoneySense financing guide

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