Calculator
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.
- Maximum loan
- $1,125,000
- Bank loan · limited by LTV · 30 yrs
- 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
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 whether it comes from cash, CPF or the loan.
| Date | Stage | Cash | CPF | Loan | Monthly after |
|---|---|---|---|---|---|
| 24 Sept 2026 | Booking fee (Option to Purchase)Cash | $75,000 | – | – | |
| 19 Nov 2026 | Sign S&P and pay balance downpayment (within 8 weeks)Cash or CPF | $72,600 | $152,400 | – | |
| 3 Dec 2026 | Buyer's Stamp Duty (BSD)Payable within 14 days; CPF can be used (via your lawyer) | – | $44,600 | – | |
| 3 Dec 2026 | Legal and other fees (estimate)Conveyancing, valuation, etc. CPF can pay part of legal fees | – | $3,000 | – | |
| 8 Aug 2027 | Completion of foundation | $75,000 | – | $75,000 | $308 |
| 10 Mar 2028 | Completion of reinforced concrete framework | – | – | $150,000 | $925 |
| 9 Oct 2028 | Completion of partition walls | – | – | $75,000 | $1,233 |
| 24 Jan 2029 | Completion of roofing | – | – | $75,000 | $1,541 |
| 9 May 2029 | Door & window frames, wiring, plastering, plumbing | – | – | $75,000 | $1,849 |
| 24 Aug 2029 | Car park, roads and drains | – | – | $75,000 | $2,157 |
| 24 Mar 2030 | Temporary Occupation Permit (TOP)Keys; loan instalments continue | – | – | $375,000 | $3,698 |
| 24 Mar 2031 | Certificate of Statutory Completion (CSC) | – | – | $225,000 | $4,623 |
Amortisation (30 years · $539,122 total interest)
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 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)
- 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.
- IRAS: Buyer's Stamp Duty (rates from 15 Feb 2023)
- IRAS: Additional Buyer's Stamp Duty (rates from 27 Apr 2023)
- IRAS: ABSD remission on HDB flats and new EC units
- IRAS: Remission of ABSD for a married couple
- MAS: Loan tenure and loan-to-value limits
- MAS: MSR and TDSR rules
- MAS: Calculating TDSR (4% medium-term rate, income haircuts)
- MAS: Who TDSR applies to (bridging loans)
- HDB: Housing loan from HDB (75% LTV, 3% floor)
- HDB: CPF housing grants, EHG and PHG for resale flats
- HDB: Resale flat buying process and Option to Purchase
- HDB: EC eligibility and CPF Housing Grant for EC
- MND: Strengthening the EC scheme (DPS sunset, 8 May 2026)
- HDB: Conditions after buying an EC (dispose of flat within 6 months of key collection)
- Housing Developers Rules (progressive payment schedule)
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.
Begin here
Every strong property journey begins the same way. With clarity.
A calm, no-obligation conversation about where you are and what you want your property to do for you.