Residential Loan

The information on this page is for the purchase of The Chuan Park.  Read more about the project here.

Loan

First Loan

Second Loan

Third Loan

Tenure

Up to 30 Years

31 to 35 Years

Up to 30 Years

31 to 35 Years

Up to 30 Years

31 to 35 Years

Tenure + Age

Up to 65 Years Old

Up to 70-75 Years Old

Up to 65 Years Old

Up to 70-75 Years Old

Up to 65 Years Old

Up to 70-75 Years Old

Loan To Value (LTV) Limit

75%

55%

45%

25%

35%

15%

Min Cash Component

5%

10%

25%

25%

25%

25%

Guarantors / Co-borrowers

All Co-borrowers must be mortgagors. Guarantors must be co-borrowers if the latter did not pass the TDSR criteria

Mortgage Servicing Ratio

30%

Total Debt Servicing Ratio

55%

Interest Rate Stress Test

4.5%

* 2nd & 3rd loan not applicable to Executive Condominium

Payment Schemes

Schedule of Progressive Payment Scheme

Schedule of Progressive Payment Scheme

Stage

Payment Under Progressive Payment Scheme
(% of Purchase Price)

Upon Issue of Option to Purchase (OTP)

5%

Upong signing Agreement / Within 8 weeks from date of Option

20% (Less the 5% Booking Fee which was paid above)

Upon Completion of Foundation Works

10%

Upon Completion of Reinforced Concrete Framework

10%

Upon Completion of Partition Walls

5%

Upon Completion of Ceiling/ Roofing

5%

Upon Completion of Doors and Windows Frames are in position, Electrical Wirings (without fittings), Internal Plastering and Plumbing of the Unit.

5%

On Completion of Car Park, Roads and Drains servicing the Housing Project.

5%

On production of the Temporary Occupation Permit and the Architect's Certificate of Completion.

25%

Upon completion of the Sale & Purchase.

Upon production of the Certificate of Statutory Completion.

On the expiry of 12 months from the date of notice to take vacant possession.

2%

8%

5%

Buyers Stamp Duty Rates and Computation

Purchase Price or Market Value of Property

Buyers Stamp Duty Rates for Residential Properties

First $180,000

1%

Next $180,000

2%

Next $640,000

3%

Next $500,000

4%

Next $1,500,000

5%

Remaining Amount above $3,000,000

6%

Additional Buyers Stamp Duty Rates and Computation

Nationality

1st Property

2nd Property

3rd Property

Singapore Citizen

N.A

20%

30%

Permanant Residents

5%

30%

35%

Foreigners

60%

60%

60%

Entities / Trustees

65%

65%

65%

Housing Developers

35% + 5%

35% + 5%

35% + 5%

SHOWFLAT NOW OPEN FOR APPOINTMENT

Register your interest for a showflat viewing. You will receive an email to proceed upon registration…

Your Name

Email

Phone Number

Remark(s)/ Anything you would like us to know?

Submit