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New launch calculator

Work out what you can borrow for a new launch condo, how much cash and CPF you need at booking and S&P, your stamp duties, and every progressive payment stage from foundation to CSC, with the monthly instalment as the loan is drawn down.

Rules from MAS, IRAS, HDB, MND and the Housing Developers Rules, as at 24 September 2026.

Buyers

Buyer 1

years
$

Gross, before CPF

$

Average bonus/commission; banks count 70%

$

Buyer 2

years
$

Gross, before CPF

$

Average bonus/commission; banks count 70%

$
Money and commitments
$

Combined savings you can put in

$

Car, personal, renovation, credit cards

Residential, incl. HDB (for ABSD)

At the time of this purchase (for LTV)

The property
$
months
$

Estimate: conveyancing, valuation

The timeline starts here

The loan
% p.a.

Assessed at 4% minimum for eligibility

years

Set from the buyers' age (income-weighted average). Type to change.

$

Savings or investments on top of the cash above, placed with the bank for 4 years. Each $48,000 counts as $1,000 a month of income for TDSR.

$

Savings or investments on top of the cash above that you keep but show the bank. Counted at 70%, spread over 48 months (the MAS minimum haircut). For shares, bonds or unit trusts, some banks cut more or count only certain assets: check with the bank.

$

Leave at 0 for the maximum

Selling your current home?

Loan and cash summary

75% loanThe most you can borrow on this price (loan-to-value limit)
$1,125,000
Loan eligibilityYour income supports the full 75% loan
$1,537,969 (103%)

To qualify for the 75% loan

Pledging amount
Not needed
Show funds amount
Not needed

Cash

Total cash needed (property purchase)Downpayment, stamp duty and fees, after using $200,000 of CPF · you have $250,000
$222,600
Maximum loan you qualify for
$1,125,000
Bank loan · limited by LTV · 30 yrs
Maximum price you can afford
$1,591,000
With your income, cash and CPF · loan $1,193,250 (limited by LTV)
Monthly instalment
$4,623
at 2.80% · $5,371 at the 4.0% test rate
Cash needed upfront
$222,600
of $250,000 available
CPF used upfront
$200,000
of $200,000 available

Loan eligibility

TDSR (all debts)40.2% of 55.0% limit

Assessable income $13,350/month · income-weighted age 32.1 · loan-to-value 75% (cap $1,125,000) · TDSR cap $1,537,969

Costs and funding

Purchase price$1,500,000
Loan$1,125,000
Downpayment$375,000
Buyer's Stamp Duty$44,600
Additional Buyer's Stamp Duty (0%)$0
Legal and other fees (estimate)$3,000
Total upfront (excl. loan)$422,600

Timeline

When each payment falls due, and how much comes from cash, CPF and the loan. Each grey bar is the full purchase price; the coloured part is this payment's share of it.

  • Cash $222,600 in total
  • CPF $200,000 in total
  • Loan $1,125,000 in total

  1. 9 Nov 2026

    Booking fee (Option to Purchase)

    $75,0005% of price

    Cash $75,000

    Cash

  2. 4 Jan 2027

    Sign S&P and pay balance downpayment (within 8 weeks)

    $225,00015% of price

    Cash $72,600CPF $152,400

    Cash or CPF

  3. 18 Jan 2027

    Buyer's Stamp Duty (BSD)

    $44,6003% of price

    CPF $44,600

    Payable within 14 days; CPF can be used (via your lawyer)

  4. 18 Jan 2027

    Legal and other fees (estimate)

    $3,000under 1% of price

    CPF $3,000

    Conveyancing, valuation, etc. CPF can pay part of legal fees

  5. 24 Sept 2027

    Completion of foundation

    $150,00010% of price

    Cash $75,000Loan $75,000Monthly instalment from here $308

  6. 24 Apr 2028

    Completion of reinforced concrete framework

    $150,00010% of price

    Loan $150,000Monthly instalment from here $925

  7. 24 Nov 2028

    Completion of partition walls

    $75,0005% of price

    Loan $75,000Monthly instalment from here $1,233

  8. 9 Mar 2029

    Completion of roofing

    $75,0005% of price

    Loan $75,000Monthly instalment from here $1,541

  9. 24 Jun 2029

    Door & window frames, wiring, plastering, plumbing

    $75,0005% of price

    Loan $75,000Monthly instalment from here $1,849

  10. 9 Oct 2029

    Car park, roads and drains

    $75,0005% of price

    Loan $75,000Monthly instalment from here $2,157

  11. 9 May 2030

    Temporary Occupation Permit (TOP)

    $375,00025% of price

    Loan $375,000Monthly instalment from here $3,698

    Keys; loan instalments continue

  12. 9 May 2031

    Certificate of Statutory Completion (CSC)

    $225,00015% of price

    Loan $225,000Monthly instalment from here $4,623

Amortisation (30 years · $539,122 total interest)
YearInterestPrincipalBalance
1$31,190$24,281$1,100,719
2$30,501$24,969$1,075,750
3$29,793$25,678$1,050,072
4$29,065$26,406$1,023,666
5$28,316$27,155$996,511
6$27,546$27,925$968,586
7$26,754$28,717$939,869
8$25,939$29,531$910,338
9$25,102$30,369$879,969
10$24,240$31,230$848,739
Notes, assumptions and sources (rules as at 24 September 2026)
  • Loan tenure set to 30 years: the longest that ends by age 65 (income-weighted average age 32) and keeps the full loan-to-value.
  • CPF can be used for the downpayment (beyond the minimum cash), BSD, legal fees and monthly instalments, subject to CPF's Valuation Limit, Withdrawal Limit and remaining-lease rules. ABSD, option fees and any cash over valuation must be paid in cash.
  • Construction stage dates are estimates spaced over 42 months to TOP; the developer's notices set the actual dates. Each stage is due within 14 days of the notice.
  • Under progressive payment, the bank disburses the loan stage by stage, so the monthly instalment rises as construction progresses.

For planning only; not a loan offer or financial advice. Banks, HDB and CPF make the final assessment. Rules change; we check them regularly.

Common questions

How does progressive payment work for a new launch condo?

Under the Housing Developers Rules you pay 5% on booking, 15% within 8 weeks when you sign the S&P (20% total, cash or CPF), then 10% at foundation, 10% at the concrete framework, 5% each at partition walls, roofing, fittings and car park, 25% at TOP and the final 15% at CSC. The bank releases your loan stage by stage, so your instalment grows as construction progresses.

How much cash do I need for a new launch?

For a first housing loan at 75% LTV, at least 5% of the price must be cash, and the 5% booking fee is paid in cash. The next 15%, BSD and legal fees can come from CPF. ABSD, if it applies, is cash only. A second loan raises the minimum cash to 25%.

What is TDSR and how is my loan limit worked out?

Total Debt Servicing Ratio caps all your monthly debt repayments at 55% of income. Banks test the new loan at 4% a year (or higher if their rate is higher), count only 70% of variable income, and use the income-weighted average age of borrowers for tenure. Your loan is the lower of the TDSR limit and the LTV limit.

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