Stamp Duty and Loans at Draycott 8 in Brief
Every purchase at Draycott 8 pays Buyer’s Stamp Duty in slices of the price, from 1% to 6%, and some buyers also pay Additional Buyer’s Stamp Duty: nothing for a Singapore Citizen’s first home, 5% for a Permanent Resident’s first, 60% for a foreigner and 65% for an entity. The loan is capped twice by MAS, by the Total Debt Servicing Ratio on income and by the loan-to-value ceiling on the price.
The rates below are those read from IRAS and MAS on 8 November 2026, as at November 2026. IRAS confirms the duty on each purchase and the bank confirms the loan, so the figures here are a guide to the shape of a budget, not a quotation.
Buyer’s Stamp Duty on a Draycott 8 Residence
Buyer’s Stamp Duty is charged on each slice of the price at its own rate, and the slices are then added together. These rates have applied to residential purchases since 15 February 2023.
| Slice of the purchase price | Rate |
|---|---|
| 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% |
Read on the IRAS website, 8 November 2026.
On a round illustrative figure of $2,000,000, unrelated to the price of any residence at Draycott 8, the slices add up to $69,600. The duty is paid within 14 days of signing, early in the timetable of a completed purchase.
Additional Buyer’s Stamp Duty for Draycott 8 Buyers
ABSD is a flat percentage of the full price, on top of Buyer’s Stamp Duty. For individuals it depends on citizenship or residency and on the number of residential properties already owned; foreigners and entities pay one rate whatever they own.
| Buyer profile | First property | Second property | Third and after |
|---|---|---|---|
| Singapore Citizen | 0% | 20% | 30% |
| Singapore Permanent Resident | 5% | 30% | 35% |
| Foreigner | 60% | 60% | 60% |
| Entity | 65% | 65% | 65% |
Rates for purchases from 27 April 2023, read on the IRAS website, 8 November 2026.
Remission is available in defined cases, among them married couples of whom one is a Singapore Citizen buying together and owning no other home, and buyers covered by certain free trade agreements. Couples moving home may claim back ABSD paid on the new residence if the old one is sold within the IRAS deadline. IRAS decides each claim on its own conditions.
Loan Limits for a Draycott 8 Purchase
Under the Total Debt Servicing Ratio, all monthly debt repayments, the new mortgage included, must fit within 55% of gross monthly income, and the mortgage is tested at 4% or the loan’s own rate if higher. Fixed salary counts in full, while bonuses and other variable income count at 70%.
The loan-to-value ceiling is 75% of the price for a buyer with no other housing loan, 45% with one and 35% with two or more. Those ceilings drop to 55%, 25% and 15% for a tenure longer than 30 years, or where the borrower, or the income-weighted average of two borrowers, passes 65 before the final instalment. A private-property loan can be set for as long as 35 years, and whichever of the two limits is lower decides how much can be borrowed.
Two borrowers are assessed together: their incomes are combined for the TDSR test, and the age used for the lower loan-to-value trigger is their income-weighted average. The TDSR calculator handles both cases and shows which of the two limits decides the loan.
An Illustration of the Draycott 8 Duty by Buyer Profile
The same round illustrative figure of $2,000,000, unrelated to the price of any residence at Draycott 8, shows how much the buyer profile matters. Buyer’s Stamp Duty is the same for everyone; Additional Buyer’s Stamp Duty is what changes.
| Buyer profile on the $2,000,000 illustration | BSD | ABSD | Total |
|---|---|---|---|
| Singapore Citizen, first property | $69,600 | $0 | $69,600 |
| Singapore Permanent Resident, first property | $69,600 | $100,000 | $169,600 |
| Singapore Citizen, second property | $69,600 | $400,000 | $469,600 |
Illustrative figure only; rates read on the IRAS website, 8 November 2026.
The cash share follows the loan as well: one twentieth of the price for a first housing loan at the standard ceiling, one tenth at the lower ceiling, and a quarter where other housing loans are already running. CPF savings can meet the rest of the down payment and the stamp duty within CPF Board’s limits.
Seller’s Stamp Duty and the Draycott 8 Calculators
Seller’s Stamp Duty applies only if a home bought from 4 July 2025 is sold within four years. The rate is 16% for a sale within a year of purchase and falls by four percentage points for each further year held, down to 4%; a sale after four years carries none.
The stamp duty calculator applies the IRAS slices and the ABSD rate for any price and profile, and the TDSR calculator works out the loan for one or two borrowers. With the current price list from the Sales Concierge, the two give a full budget for a chosen residence; the housing loan information page sets out the MAS rules in full.
This article gives general information as at November 2026 and is not financial, legal or tax advice. Its particulars of Draycott 8 come from the developer’s fact sheet, site plan and floor plans; statutory figures are those on this site’s financing pages, read from IRAS, MAS and CPF Board on 8 November 2026; distances are straight lines measured on OneMap from 8 Draycott Park.
Ask the Sales Concierge About Draycott 8
The Sales Concierge sends the current price list and the floor plans of the four-bedroom residences open for sale. Viewing Appointments are arranged through the Sales Concierge.