Buying Process

CONDO’S BUYER GUIDE

This Guide is for buyer to understand more on:

  • What is the timeline for Building Under Construction (BUC) Condo
  • What is Buyer Stamp Duty (BSD) and Additional Buyer Stamp Duty (ABSD)
  • Loan to Value (LTV)
  • Total Debt Servicing Ratio (TDSR)
TIMELINE FOR NEW CONDO (BUC)

First 20% Downpayment

For purchasing of BUC new Condo project, if buyer is able to secure a bank loan of 80%, the downpayment of the condo is as such.

  • 5% must be by cash
  • 15% can be payable by Cash or CPF
  • Buyer stamp duty can be payable by Cash or CPF
  • Additional Buyer Stamp duty by Cash​

Progressive payment for remaining 80%

BUYER STAMP DUTY

For a property of price or market value above $360,000, the buyer stamp duty can be calculated using the formula below:

BSD = (3 % x Purchase Price) – $5, 400

BUYER STAMP DUTY

Under the respective Free Trade Agreements (FTAs), Nationals or Permanent Residents of the following countries will be accorded the same Stamp Duty treatment as Singapore Citizens:

  1. Nationals and Permanent Residents of Iceland, Liechtenstein, Norway or Switzerland
  2. Nationals of the United States of America
SCHEDULE OF PAYMENTS
LOAN TO VALUE

Depending on currently what is the home loan you have. If you had fully paid for your first property and you wish to purchase for a 2nd property and you wish to get a loan, it will be consider as 1st home loan.

TOTAL DEBT SERVICING RATIO

For purchasing of BUC new Condo project, if buyer is able to secure a bank loan of 80%, the downpayment of the condo is as such.

  • 5% must be by cash
  • 15% can be payable by Cash or CPF
  • Buyer stamp duty can be payable by Cash or CPF
  • Additional Buyer Stamp duty by Cash​
EXECUTIVE CONDO BUYER’S GUIDE

This Guide is for buyer to understand more on:

  • Who is Eligibility to purchase an Executive Condo (EC)
  • What are the types of Housing Grants and the amount.
  • What is the resale levy amount and who is subject to it.
  • What is the timeline for Executive Condo (EC)

Executive Condo Eligibility

Who is eligible to purchase Executive Condominium (EC).

Resale Levy

Resale Levy for second time buyer

Housing Grant

Up to 30k Grant for First Timer

TIMELINE FOR EXECUTIVE CONDO

First 20% Downpayment

Progressive payment for remaining 80%

BUYER STAMP DUTY

For a property of price or market value above $360,000, the buyer stamp duty can be calculated using the formula below:

BSD = (3 % x Purchase Price) – $5, 400

SCHEDULE OF PAYMENTS
LOAN TO VALUE
MORTGAGE SERVICING RATIO