Draycott 8 TDSR Calculator

How large a loan can your income carry for a Draycott 8 residence? This calculator answers under the Total Debt Servicing Ratio, then checks the figure against the price-based loan-to-value ceiling to show which of the two binds. Its price box starts at $1,500,000, a round illustration unconnected with any Draycott 8 residence: type in your own figure, or ask the Sales Concierge for the current price list. The MAS rules behind it sit on the housing loan information page.

How a Draycott 8 Loan Is Sized

A bank starts from assessed income: fixed salary in full, and variable income such as bonuses at 70%, averaged over twelve months. Up to 55% of that income may go to debt each month, so existing repayments are deducted first and the room that remains is turned into a loan at the 4% medium-term rate, or the loan’s own rate if higher.

Joint borrowers are assessed on their income-weighted average age. A tenure longer than 30 years, or a loan that runs past age 65 on that average, moves the loan to the lower LTV limit and raises the cash share; the smaller of the TDSR and LTV figures becomes the loan.

The Completed-Sale Timetable at Draycott 8

Draycott 8 has held its Temporary Occupation Permit since 2006, so a purchase follows the timetable of a completed home rather than a construction schedule. The sums fall due within weeks, the whole loan is drawn at legal completion, and the residence can be lived in from the day the keys change hands. The sale terms depend on the seller and are set out in the option to purchase; ask for them in writing before committing.

1. The option to purchase: the first step. An option fee reserves the residence while you decide. The amount, the option period and the other sale terms depend on the seller and are set out in the option to purchase; ask for them in writing before committing.
2. Exercising the option: within the option period. Exercising the option, with the further sum the option states, forms the contract of sale. Your solicitors handle the conveyancing from here.
3. Stamp duty: within 14 days of signing. Buyer’s Stamp Duty, and any Additional Buyer’s Stamp Duty, is paid to IRAS within 14 days of signing (30 days if signed overseas).
4. Legal completion: as the contract sets out. The balance is paid from the bank loan, CPF savings and cash, and the keys change hands. Because the residence is complete, it can be occupied from completion.

MAS requires a minimum cash payment of 5% of the price on a first housing loan at the 75% limit, and 10% at the lower limit; with a second or third housing loan the cash share rises to 25%, as the housing loan page shows. CPF savings can meet the rest of the down payment, the stamp duty and the instalments, within CPF Board’s limits.

Sources: IRAS (stamping within 14 days of signing); MAS (TDSR, the medium-term rate, LTV limits and minimum cash); CPF Board (use of CPF savings), checked 8 November 2026. Your solicitors confirm the steps for the residence you choose.

Combine this result with the duty from the stamp duty calculator, or ask the Sales Concierge to go through the figures for a residence on the current price list.