Buying in Singapore
What can I afford?
The highest price you could pay, from your income, savings and the official loan limits. For a first housing loan.
Your details
You could afford up to$518,000Your savings cover the 25% down payment and the stamp duty up to this price; your income would allow a bigger loan.
- Loan
- $388,500Up to 75% of the price (HDB loan)
- Down payment
- $129,500Cash or CPF
- Buyer’s Stamp Duty
- $10,140For a citizen’s first home
- Monthly instalment
- $1,842Over 25 years at the 3% test rate
How this is worked out
- The monthly instalment may be at most 30% of income for an HDB flat or a new executive condo, and every bank loan must keep all loan repayments within 55% of income.
- Lenders test that limit at 3% a year for HDB loans and 4% for bank loans, even when the actual rate is lower, so your real instalment would be smaller.
- A loan can be up to 75% of the price (25 years at most with HDB). The rest, plus stamp duty, comes from your savings.
- Not included: CPF housing grants (which raise what you can pay), Additional Buyer’s Stamp Duty for a second home, permanent residents or foreigners (stamp duty calculator), legal fees, and the lender’s own checks. HDB confirms HDB loan eligibility in your HDB Flat Eligibility letter.
Limits checked 7 Oct 2026 from MAS: Mortgage Servicing Ratio and Total Debt Servicing Ratio rules; MAS: Loan tenure and loan-to-value limits; MAS: Measures to promote sustainable conditions in the property market (4% medium-term interest rate floor); HDB: Property measures 2022 (3% interest rate floor for HDB loan eligibility); MND: Measures to cool the HDB resale market (HDB loan limit 75% from 20 August 2024). A guide, not financial advice.