Ki Residences
Financing Information

Keep Abreast With The Latest Taxation And Payment Structure

Stamp Duty

Buyer Stamp Duty (BSD)

BSD is tax paid on documents signed when you buy or acquire property located in Singapore

PURCHASE PRICE OR MARKET VALUE OF THE PROPERTYBSD RATES FOR RESIDENTIAL PROPERTIES BSD RATES FOR NON-RESIDENTIAL PROPERTIES
First $180,000 1%1%
Next $180,000 2%2%
Next $640,000 3%3%
Remaining Amount 4%

Additional Buyer Stamp Duty (ABSD)

Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

NATIONALITY1ST PROPERTY2ND PROPERTY3RD PROPERTY
Singapore CitizensN.A.12%15%
Permanent Residents5%15%15%
Foreigners20%20%20%
Entities / Companies25%25%25%

Payment Scheme

Normal Payment Scheme (NPS)

Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.

STAGEPAYMENT UNDER A STANDARD PAYMENT SCHEME (% OF PURCHASE PRICE)
Upon the grant of Option to Purchase5%
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date15%
Completion of foundation work10%
Completion of reinforced concrete framework of unit10%
Completion of partition walls of unit5%
Completion of roofing/ceiling of unit5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit5%
Completion of car park, roads and drains serving the housing project5%
Notice of Vacant Possession (TOP)25%
On Completion date15%

Housing Loan

Residential Home Loan Regulations (MAS)

 First LoanSecond LoanThird Loan
Loan TenureUp to 30 years 31-35 yearsUp to 30 years 31-35 yearsUp to 30 years 31-35 years
AgeAge used to calculate loan tenure, will be based on income-weighted
Up to 65Up to 70-75Up to 70-75Up to 65Up to 70-75Up to 70-75Up to 65Up to 70-75Up to 70-75
Maximum LTV Limit75%55%45%25%35%15%
20% (non-individuals)
Minimum Cash Downpayment5%10%25%
Gaurantors / Co-borrowersAll Co-borrowers must be mortgagors.
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria
Mortgage Servicing Ratio N.A.
Total Debt Servicing Ratio60%
Stress Test Interest Rate3.5%

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