Purchasing Private Residential Property: How Much Can You Afford and Borrow?

If you are unsure about how the cooling measures, this article describes the impact on mortgages for private property purchases in Singapore. All latest measures are included in this must-read article.

You can take up to 80% LTV, Loan Tenure is up to 30yrs or age 65 whichever is earlier. If the LTV is 60%, Loan Tenure is extended up to 35 years or age 75 whichever is earlier.
Take note that 20% Maximum LTV is available for non-individuals that includes operating companies and investment holding companies.
5% Minimum Cash Downpayment if LTV is at 80% or 10% Minimum Cash Downpayment for 60% LTV.
The standard buyer’s stamp duty applies for everyone.
However, take note of the Additional Buyer’s Stamp Duty. This is payable on top of the buyer’s stamp duty.

Maximum LTV is at 50%, Loan Tenure is up to 30 years or age 65 whichever is earlier. Otherwise for LTV is 30%, Loan Tenure is stretched up to 35 years or age 75 whichever is earlier.
20% Maximum LTV for non individuals.
Minimum Cash Downpayment of 25% and the rest can be funded from CPF OA.
Above the stamp duty, the Additional Buyer’s Stamp Duty are as follows:

Maximum LTV is at 40%, Loan Tenure is up to 30 years or age 65 whichever is earlier. Otherwise for LTV is 20%, Loan Tenure is stretched up to 35 years or age 75 whichever is earlier.
The minimum Cash Downpayment is set at 25%
20% Maximum LTV for non individuals applies.
While the normal stamp duty applies, the Additional Buyer’s Stamp Duty payable are increased:

All co-borrowers must be mortgagors. Conversely, not all mortgagors must be borrowers
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria
Mortgage Servicing Ratio (MSR) is not applicable for Private property mortgages
Subjected to Total Debt Servicing Ratio (TDSR) set at 60%
Medium–term Interest Rate used for TDSR computation is set at 3.5%
Seller’s Stamp Duty (SSD) is revised to 12%, 8%, 4% for year 1, 2 and 3 respectively. SSD is payable if the property is disposed within the first 3 years of purchase on and after 11 March 2017.
Other SSD Rates are applicable if the purchase as between 20 Feb 2010 to 10 March 2017.