1About the buyers
Entered once, used for both homes. Example figures shown; replace them with yours.
Work out the loan from
How much they can borrow and buy (private property)
2The two homes
Same option date for both, so they line up
3Your plan
$
A month. 0 if staying with familyPlus 9% GST
4The result
Updates as you type
How the two purchases differ
- New Launch: pay 5% cash to book, then 15% within 8 weeks. The rest is paid in stages as the building goes up (Normal Payment Scheme), with 25% at TOP and the last 15% at legal completion.
- The bank pays the stages once your 25% is used up, so a New Launch loan is drawn bit by bit. Interest is only charged on what has been drawn, so instalments start small and step up until TOP.
- Resale: 1% option fee, top up to 5% when you exercise, then the full price at completion about 8 to 12 weeks later. The full loan and the full instalment start straight away.
- The bank lends on the lower of price or valuation for a Resale home. Anything above valuation comes from your cash or CPF. New Launch units are valued at the developer's price.
- Keys: with a New Launch you wait until TOP, often 3 to 4 years, and can't live in it or rent it out until then. A Resale home can be lived in or rented out from completion.
- Seller's Stamp Duty applies to both if you sell within 4 years of the option date: 16% in year 1, then 12%, 8% and 4%.
- Selling a New Launch before TOP is a sub-sale. The buyer takes over the stages not yet paid.
Rules and assumptions used
Checked 5 Oct 2026. Policies change; confirm before signing.
Buyer's Stamp Duty
| First $180,000 | 1% |
| Next $180,000 | 2% |
| Next $640,000 | 3% |
| Next $500,000 | 4% |
| Next $1,500,000 | 5% |
| Above $3,000,000 | 6% |
Additional Buyer's Stamp Duty
| 1st | 2nd | 3rd+ | |
|---|---|---|---|
| Citizen | 0% | 20% | 30% |
| PR | 5% | 30% | 35% |
| Foreigner | 60% | 60% | 60% |
Bank loan limits
| Loans owing | Max loan | Min cash |
|---|---|---|
| None | 75% (55%) | 5% (10%) |
| One | 45% (25%) | 25% |
| Two or more | 35% (15%) | 25% |
Brackets apply if the loan runs past age 65 or beyond 30 years. Total Debt Servicing Ratio 55%, tested at 4%. Max tenure 35 years.
Seller's Stamp Duty
| Sold within 1 year | 16% |
| Within 2 years | 12% |
| Within 3 years | 8% |
| Within 4 years | 4% |
For homes bought on or after 4 Jul 2025. Counted from the option date.
Assumptions on this page
Price growth is the yearly rate you enter, the same every year. It is an assumption, not a forecast.
Interest rate stays the same for the whole holding period.
New Launch instalment is worked out on the amount drawn so far over the full loan years, as banks quote it.
Construction stages are spread between the option date and TOP; legal completion is 12 months after TOP.
Rent (if renting out) starts 1 month after keys, with no vacancy after that. Tax on rent is not included.
Selling costs are the agent fee you enter plus 9% GST.
Cash and CPF are counted the same as your money. CPF accrued interest goes back to your CPF on sale and is not a cost here.
Sources: IRAS stamp duty · IRAS Seller's Stamp Duty · MAS housing loan rules · CPF housing
Not covered: property tax, bank fees, renovation and furnishing, CPF valuation and withdrawal limits, older leases, Executive Condos, and deferred payment schemes.