Singapore Property Buying Calculator

Our comprehensive calculator helps prospective property buyers in Singapore estimate their total upfront costs, stamp duties (BSD & ABSD), and potential monthly mortgage payments.

Designed for Singapore Citizens, Permanent Residents (PRs), and Foreigners to understand the financial commitments involved in purchasing private property or an HDB resale flat (for eligible buyers).

Understanding Key Property Costs in Singapore

Buyer's Stamp Duty (BSD)

Buyer's Stamp Duty (BSD) is a tax paid on documents signed when you buy or acquire any immovable property in Singapore. The amount of BSD is based on the purchase price or market value of the property, whichever is higher. Our calculator helps you estimate this cost based on the prevailing IRAS (Inland Revenue Authority of Singapore) rates.

Additional Buyer's Stamp Duty (ABSD)

Additional Buyer's Stamp Duty (ABSD) is a tax levied on top of BSD for certain groups of property buyers in Singapore. This includes foreigners and entities, as well as Singapore Citizens and Permanent Residents purchasing their second or subsequent residential properties. The ABSD rate varies depending on the buyer's profile (citizenship, PR status, number of properties owned) and is a significant component of the upfront cost. This tool helps calculate the applicable ABSD based on your selected profile.

Loan-to-Value (LTV) Ratio

The Loan-to-Value (LTV) ratio dictates the maximum amount you can borrow from a financial institution for a housing loan, expressed as a percentage of the property's market value or purchase price (whichever is lower). Current LTV limits are set by the Monetary Authority of Singapore (MAS) and depend on factors such as whether it's your first, second, or subsequent housing loan, the loan tenure, and your age. For example, a 75% LTV for a first housing loan typically means you can borrow up to 75% and must cover the remaining 25% as a downpayment. This downpayment usually involves a minimum cash portion, with the remainder often payable using CPF Ordinary Account savings for eligible buyers, subject to withdrawal limits.

Frequently Asked Questions (FAQ)

What is the difference between Option To Purchase (OTP) Fee and Option Exercise Fee?

The Option To Purchase (OTP) Fee is typically 1% of the purchase price, paid to secure the property from being sold to another buyer for a short period (usually 14 days). This fee is generally non-refundable if you decide not to proceed. The Option Exercise Fee is typically 4% (for private properties) or up to S$4,000 (for HDB resale flats, with the total option fee not exceeding S$5,000), paid when you decide to exercise the option and proceed with the purchase. These two fees collectively form part of your downpayment.

How does the Loan-to-Value (LTV) limit affect my property purchase?

The Loan-to-Value (LTV) limit determines the maximum amount you can borrow from a financial institution for a housing loan. For example, if you're eligible for a 75% LTV, it means you can borrow up to 75% of the property's value or price (whichever is lower). You must then cover the remaining 25% as a downpayment. This downpayment typically consists of a minimum cash portion (e.g., 5% for a first loan) and the rest can often be paid using your CPF Ordinary Account savings, subject to withdrawal limits.

Does this calculator include legal fees and other miscellaneous costs?

This calculator primarily focuses on estimating Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD), the required downpayment, and potential mortgage payments. While it includes an input field for 'Other Upfront Costs' where you can manually add your estimates for legal fees, valuation fees, agent commissions (if applicable), and other incidentals, these costs can vary significantly. It's always recommended to get specific quotes from conveyancing lawyers and valuers for a more accurate total cost.