Residential Loan Information

Loan First Loan Second Loan Third Loan
Age Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75
Loan Tenure Up to 30 years Up to 30 years 31-35 years Up to 30 years Up to 30 years 31-35 years Up to 30 years Up to 30 years 31-35 years
Maximum Loan To Value (LTV) Limit 70% 55% 55% 45% 25% 25% 35% 15% 15%
Min
Cash
Down
5% 10% 10% 25% 25% 25% 25% 25% 25%

Progressive Payment Stages

Construction Stage Percentage of Purchase Price
Upon Issue of Option to Purchase (OTP) 5%
Upon signing Agreement / Within 8 weeks immediately after date of Option 20% (Less the 5% Booking Fee which was paid above)
Upon Completion of Foundation Work 10%
Upon Completion of Reinforced Concrete Framework 10%
Upon Completion of Partition Walls 5%
Upon Completion of Roofing 5%
Upon Completion of Door sub-frames / door frames, window frames, electrical wiring (without fittings), internal plastering and plumbing 5%
Upon Completion Car park, roads and drains serving the housing project  5%
Upon Completion Building, roads and drainage and sewerage works in the housing estate, connection of water, electricity and gas supplies
(At this stage the Temporary Occupation Permit is typically released, meaning you can pick up your keys and move in)
 25%
Final Payment Date and/or Completion (might be staggered further depending on when the Certificate of Statutory Completion is issued) 15%

Stamp Duty Rates and Computation

Purchase Price or Market Value of Property Buyer Stamp Duty Rates for Residential Properties Buyer Stamp Duty Rates for Commercial Properties
First $180,000 1% 1%
Next $180,000 2% 2%
Next $640,000 3% 3%
Remaining Amount 4%

Additional Buyer Stamp Duty Rates and Computation

Nationality 1st Property 2nd Property 3rd Property
Singapore Citizens N.A 12% 15%
Permanent Residents 5% 15% 15%
Foreigners 20% 20% 20%
Entities / Companies 25% 25% 25%

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