Correction, 28 October 2026: The former condo downpayment guide contained unreliable cash, loan-limit and stamp-duty calculations. Its quick answers, examples, graphics and FAQs have been withdrawn. Do not use those amounts to fund a purchase.
The lending and cash rules were conflated
The guide treated the number of properties as interchangeable with outstanding housing loans, gave a 10% minimum cash figure for second and subsequent bank loans and imposed a blanket foreign-buyer lending ceiling. MoneySense’s current guidance distinguishes outstanding housing loans and applicable loan terms. It lists a 25% minimum cash downpayment where one or more housing loans remain outstanding. An actual approved loan can also be lower than the regulatory ceiling.
The old totals were not a reliable payment budget
Its quick answer gave S$344,600 as the total downpayment plus BSD on a S$1.5 million purchase with an assumed 75% loan. On those assumptions, the downpayment is S$375,000, and adding S$44,600 residential BSD gives S$419,600 before other costs. The S$44,600 duty amount itself follows IRAS’s residential BSD schedule if S$1.5 million is the applicable higher price or market value. The guide’s combined quick answer did not reconcile with its own financing example. These totals also do not establish when each payment is due or how much CPF can actually be used.
Use our valuation and loan-gap guide to distinguish a lending ceiling from the cash needed after actual CPF and loan funding. The buyer payment checklist separates amounts from the dates on which funds must be available.
If you relied on the withdrawn figures, bring the actual loan assessment, price, valuation, available CPF and payment dates to the discussion. Lin Xuan or Ade can arrange banker and property-lawyer introductions to review the transaction.
Photograph: Singapore River at Robertson Quay, 14 August 2022, Wzhkevin, CC BY-SA 4.0. Source: commons.wikimedia.org/wiki/File:Singapore_River_at_Robertson_Quay_-_2022-08-14.jpg. Licence: creativecommons.org/licenses/by-sa/4.0/. Resized for web and displayed cropped. Neighbourhood context, not an inspected unit or dispute location.
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