Condo home loan Singapore
Compare Your Condo Home Loan Before You Commit.
Buying a new launch, resale condo or other private residential property? Compare bank home-loan options with a clearer view of LTV, TDSR, CPF, cash requirements, rate structure and what the package may cost you later.
- New launch and resale condo loans
- Fixed and floating bank packages
- No documents needed to start
Start with your purchase
Private-property financing changes with the property and your existing loans.
A first condo purchase with no existing housing loan is not financed the same way as a second property or a new launch that will be completed later. Start with the route that matches your situation.
01 / NEW LAUNCH
New launch condo financing
Plan for staged payments, loan approval timing and how your finances may change before the property is completed.
02 / RESALE
Resale condo financing
Financing moves faster. Valuation, cash requirements and the bank's Letter of Offer need to be lined up before completion.
03 / OTHER PRIVATE HOME
Landed and private residential loans
The same core bank-loan rules apply, but property value, tenure, borrower profile and bank assessment can materially affect the final structure.
How much can you borrow?
LTV and TDSR set the outer limits. The bank still decides the actual loan.
For private residential property financed by a bank, the maximum Loan-to-Value ratio depends partly on how many outstanding housing loans you already have and the loan tenure. Total debt also matters.
Possible LTV with no outstanding housing loan
For an individual borrower, a bank housing loan may reach 75% under the higher-LTV scenario, subject to the applicable tenure, age and lender assessment.
TDSR threshold
Your total monthly debt commitments generally need to remain within 55% of gross monthly income under the current TDSR framework.
Minimum cash at 75% LTV
For private property using a bank loan at the 75% LTV level, CPF states that at least 5% of the lower of purchase price or valuation must be paid in cash.
| Outstanding housing loans | Possible LTV limit | Minimum cash downpayment | Important condition |
|---|---|---|---|
| None | 75% or 55% | 5% at 75% LTV; 10% at 55% LTV | The lower LTV applies when the applicable long-tenure / age condition is triggered. |
| 1 | 45% or 25% | 25% | Existing housing debt can significantly increase the upfront capital required. |
| 2 or more | 35% or 15% | 25% | Do not assume another property can be financed using the same leverage as a first housing loan. |
Current LTV/TDSR figures are based on MoneySense guidance updated 1 July 2026. The lower LTV limit applies when the loan tenure exceeds 30 years for private property or extends beyond the borrower's age of 65. Final bank approval can still be lower.
Cash and CPF planning
The downpayment is only one part of your upfront cost.
Private-property buyers should work backwards from cash and CPF available, not only from the property's asking price.
What CPF OA can help with
CPF Ordinary Account savings can be used for eligible private-property purchases and monthly housing-loan instalments, subject to CPF housing rules and withdrawal limits.
- Downpayment after the applicable minimum cash portion
- Eligible housing-loan instalments
- Permitted purchase-related payments subject to CPF rules
What still needs cash
CPF cannot simply replace every dollar of upfront funding. Buyers should keep sufficient liquidity outside CPF.
- Applicable minimum cash downpayment
- Any purchase price above valuation
- Some transaction and ownership costs
- Renovation, furnishing and emergency reserves
CPF states that for private property, the minimum 5% cash downpayment applies to the lower of the purchase price or valuation when using the applicable bank-loan structure. CPF usage can also be subject to valuation and housing withdrawal limits.
New launch vs resale condo
The mortgage timing is different. Your planning should be too.
Two buyers can purchase condos at the same price and still need very different financing plans because the payment timeline is different.
Plan for a longer financing journey.
For an uncompleted project, payments are typically tied to the contractual payment schedule as construction progresses. Your income, CPF balances and debt position can change before final completion, so an early approval indication should not be treated as a permanent promise.
Financing needs to come together faster.
For a resale purchase, valuation, financing approval, legal work and completion are compressed into a shorter timeline. If the agreed price is above valuation, the excess generally cannot be financed through the housing loan or CPF.
Do not budget for the mortgage alone
BSD and ABSD can materially change how much cash you need.
A condo purchase carries acquisition costs outside the home loan. These should be included before you decide how much of your cash or CPF to commit to the property.
Buyer's Stamp Duty
BSD applies to property purchases in Singapore and is calculated on the higher of the purchase price or market value. Residential BSD uses progressive rates, with the top marginal rate currently at 6%.
Additional Buyer's Stamp Duty
ABSD depends on factors including citizenship or residency status and the number of residential properties already owned. For example, a Singapore Citizen buying a first residential property currently pays no ABSD, while later purchases may attract ABSD.
Stamp-duty rules can change and may depend on buyer profile and transaction structure. Always verify the current IRAS treatment before committing to a purchase.
Fixed or floating home loan
Compare the life of the package, not only the first advertised rate.
Bank mortgage rates move. A competitive package today can become less attractive after a fixed period, repricing event or benchmark movement.
Fixed-rate package
A fixed-rate package provides more repayment certainty during the stated fixed period. Check what happens after that period, the lock-in terms and whether the loan can be repriced before or after expiry.
Floating-rate package
A floating package can move with its reference rate or pricing formula. It may suit borrowers comfortable with rate changes, but you should understand how often the rate can reset and what margin applies.
What SHS compares
A condo loan comparison should go further than “Bank A is 0.05% cheaper”.
Headline rate matters, but it is not the complete cost or the complete decision.
Common condo financing decisions
The “best” loan changes with the buyer.
These are illustrative scenarios showing the decisions private-property buyers commonly need to work through. They are not presented as actual SHS client outcomes.
Strong income, but limited cash after the downpayment
A buyer may qualify for a high loan quantum but still need to decide how much CPF to use, how much cash to preserve for BSD, renovation and emergencies, and whether the monthly instalment remains comfortable after other commitments.
Buying now, completing years later
A new-launch buyer may be financially comfortable today, but the real question is whether the household can remain comfortable through construction, future mortgage drawdowns and any changes in income or debt before completion.
Existing housing loan changes the financing structure
A buyer purchasing another residential property may face a lower LTV, a larger cash requirement and possible ABSD. The mortgage should therefore be assessed together with the total upfront capital needed.
How Singapore Home Services helps
From property price to bank comparison.
The purpose is simple: understand what is realistically financeable, then compare relevant bank packages before you sign.
Tell us what you are buying
New launch, resale condo or another private residential property, plus the estimated purchase price and timeline.
Clarify your financing position
We look at your approximate loan requirement, existing housing loans and the cash/CPF position relevant to the comparison.
Review relevant bank packages
Compare applicable fixed or floating structures, lock-ins and other important package conditions across the banks we work with.
Proceed with the lender you choose
You remain in control. Final eligibility, pricing, loan quantum and approval are determined by the selected bank.
Why engage SHS
A bank explains its own loan. We help you compare before choosing one.
That matters most when the decision involves more than one competitive package, a large loan amount or a purchase that will affect your household finances for years.
Before you compare
What information is useful to have ready?
You do not need a full bank application to start. A few basic numbers are enough to make the first comparison more useful.
Condo home loan FAQ
Questions buyers usually ask before choosing a bank.
Compare your condo home loan before choosing a bank.
Tell us what you are buying, your estimated property price and whether you already have a housing loan. We will help you understand the financing structure and compare relevant bank options.