Singapore New Launch Condo Mortgage Calculator


Do you know that your monthly installments are different for each specific building phase if you purchase Singapore new condo launch. Use our Mortgage Calculator to find out your actual monthly installment or your estimated maximum home loan for your purchase.

  • Max Home Loan (Private Property)
  • Max Home Loan (EC)
  • New Launch Condo (NPS)
  • New EC (DPS)

Mortgage Servicing Ratio (MSR) is used by Financial Institutions (FI) to calculate the portion of the borrowers’ gross monthly income that is used for the monthly installment for the housing loan. 

MSR is capped at 30% of a borrower’s gross monthly income and only applies to house loans for HDB flat or an executive condominium purchase directly from a developer. Parc Central Residences and Parc Canberra are 2 executive Condominium that will use MSR to calculate the housing loan.

All Singapore new condo launch that are under BUC (Building Under Construction) status use Normal Payment Scheme (NPS), also known as Progressive Payment Scheme. Under this payment scheme, partial payment will be disburse to the developer after specific milestone of the development is completed.

Use our Progressive Payment Calculator below to determine how much is your monthly instalments for each specific milestone completed by the developer.

Executive Condominium is the only new launch development that allows the Deferred Payment Scheme (DPS). Under this scheme, the buyer will start their installment after TOP aka collection of keys. The main advantage of this scheme is that you do not need to service 2 housing loans concurrently. However, DFS often come with a 3% (approx) hike in the purchase price.

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