How Much Condo Can I Afford? Condo Affordability Calculator for Singapore Buyers
A condo affordability calculator for Singapore buyers: your maximum home loan under TDSR and the 4% stress test, cash and CPF needed upfront, and which LinkTown Residences sizes fit.
“How much condo can I afford?” is really three questions. How much will a bank lend you? How much cash and CPF do you need upfront? And can you live comfortably with the monthly instalment once the unit is complete? This condo affordability calculator page answers all three using the rules Singapore banks must follow, then maps the results to illustrative unit sizes at LinkTown Residences (Hougang Central Residences).
The three rules behind any condo affordability calculator
- 55%TDSRAll monthly debt repayments, including the new housing loan, car loans and other mortgages, must stay within 55% of gross monthly income.
- 4%Stress testFor private property, banks work out your TDSR using a 4% interest rate (or the actual rate if higher), not today’s package rate.
- 75%Loan-to-valueOn a first housing loan, banks can lend up to 75% of the price or valuation, if the tenure is 30 years or less and ends by age 65. Otherwise the limit drops to 55%.
Whichever rule bites first sets your limit. For most young families it is TDSR. For older buyers it is often the age-65 cap on tenure, which shortens the loan and shrinks the amount you can borrow at the same instalment.
Maximum home loan in Singapore by income
The table assumes no other debts, a 4% stress-test rate and a 75% LTV. Figures are rounded and are estimates only. Banks may apply haircuts to variable income such as bonuses, commissions or rent, and they will check your full credit record.
| Gross monthly household income | Max instalment (55%) | Max loan, 30 years | Max price, 30 years | Max loan, 25 years | Max price, 25 years |
|---|---|---|---|---|---|
| S$8,000 | S$4,400 | ~S$922,000 | ~S$1.23m | ~S$834,000 | ~S$1.11m |
| S$10,000 | S$5,500 | ~S$1.15m | ~S$1.54m | ~S$1.04m | ~S$1.39m |
| S$12,000 | S$6,600 | ~S$1.38m | ~S$1.84m | ~S$1.25m | ~S$1.67m |
| S$15,000 | S$8,250 | ~S$1.73m | ~S$2.30m | ~S$1.56m | ~S$2.08m |
| S$18,000 | S$9,900 | ~S$2.07m | ~S$2.77m | ~S$1.88m | ~S$2.50m |
| S$20,000 | S$11,000 | ~S$2.30m | ~S$3.07m | ~S$2.08m | ~S$2.78m |
| S$25,000 | S$13,750 | ~S$2.88m | ~S$3.84m | ~S$2.61m | ~S$3.47m |
Use the 25-year columns if the older borrower is 40 or above, because a 75% loan must end by age 65. Banks usually use the income-weighted average age of joint borrowers.
If you already pay S$1,000 a month for a car, deduct it from the instalment column before reading across. On a 30-year loan at 4%, that single car loan cuts your borrowing power by roughly S$209,000.
How much house can I afford? The upfront cash and CPF
A loan only covers 75% of the price. For a new launch, the other 25% is paid early in the progressive payment schedule: 5% when you take the Option to Purchase and 15% at the Sale and Purchase Agreement about eight weeks later, then 5% at the foundation stage before the loan is drawn.
- Minimum 5% cash. This cannot come from CPF.
- Next 20%: cash or CPF Ordinary Account. CPF usage is subject to the Valuation and Withdrawal Limits. See our guide to using CPF for a private condo.
- Buyer’s Stamp Duty within about 14 days of exercising the OTP. It can be paid from cash first and then reimbursed from CPF.
- ABSD if you still own another property. For an HDB upgrader who is a Singapore Citizen, that is 20% of the price, in cash or CPF, upfront.
- Legal fees and a buffer for renovation and furniture later.
Condo affordability at LinkTown Residences price points
LinkTown Residences, the private condo on the Hougang Central GLS site, has no official price list. Analysts expect about S$2,500 to S$2,600 psf on average. The table below uses indicative sizes from the developers’ Parktown Residence at S$2,500 psf, a 75% loan and the 4% stress test. It shows the income needed to pass TDSR with no other debts.
| Illustrative unit | Price (est.) | Loan (75%) | Stress-test instalment | Income needed, 30 years | Income needed, 25 years | Upfront 25% (min cash 5%) | BSD |
|---|---|---|---|---|---|---|---|
| 1-Bedroom + Study | S$1.27m | S$952,500 | ~S$4,550 | ~S$8,300 | ~S$9,100 | S$317,500 (S$63,500) | S$35,400 |
| 2-Bedroom Premium | S$1.70m | S$1.275m | ~S$6,090 | ~S$11,100 | ~S$12,200 | S$425,000 (S$85,000) | S$54,600 |
| 3-Bedroom Premium | S$2.67m | S$2.00m | ~S$9,560 | ~S$17,400 | ~S$19,200 | S$667,500 (S$133,500) | S$103,100 |
| 4-Bedroom Premium | S$3.74m | S$2.81m | ~S$13,390 | ~S$24,300 | ~S$26,900 | S$935,000 (S$187,000) | S$164,000 |
| 5-Bedroom Premium | S$4.20m | S$3.15m | ~S$15,040 | ~S$27,300 | ~S$30,200 | S$1.05m (S$210,000) | S$191,600 |
The stress-test instalment is what the bank uses to check eligibility, not what you will pay. At an assumed 2.5% package rate over 30 years, the actual instalment on the 2-bedroom loan would be about S$5,020 once fully drawn, and less during construction, because a new launch loan is drawn in stages and you pay interest only on what has been disbursed. For current unit estimates, see the LinkTown Residences price page.
Try the condo affordability calculator
Enter a price, loan amount, rate and tenure to see the monthly instalment. To test affordability, enter 4% as the rate and compare the result with 55% of your income, less other debts. More tools, including stamp duty and progressive payment, are on the calculators page, and our mortgage calculator guide explains each input.
Maximum loan & affordability (TDSR)
Estimates for illustration only, based on published IRAS/MAS rules. Rates change; confirm with IRAS, your bank and your lawyer.
What the calculator doesn’t tell you
- Bank valuation. The loan is based on the lower of price or valuation. If the valuation comes in below the price, you pay the difference in cash.
- Your comfort level. Passing TDSR at 55% is a ceiling, not a target. Many families aim for total debt payments well below that, to leave room for childcare, parents and savings.
- Rate changes. Fixed packages usually last two to three years. Budget for a higher rate at refinancing.
- Holding costs. Maintenance fees, property tax and insurance start at TOP.
Before you book, get an In-Principle Approval from a bank. It turns these estimates into a real number. Our home loan guide for new launch condos explains the IPA, drawdowns and refinancing step by step.
When the LinkTown Residences price list is released, ahead of the expected early 2027 launch, we can match units to your budget line by line. Register your interest to receive it.
Estimates only, not financial advice. Calculations assume no other debts, a 4% stress-test rate, 75% LTV and constant monthly repayments; package rates are assumptions, not quotes. Loan rules as published by MAS; verify with MAS, CPF Board, IRAS and your bank. Prices are illustrative estimates, not official LinkTown Residences prices. Information as at Sep 2026. Published by an independent licensed salesperson, not the developer.
