Artist’s impressionThis Parktown Residence TDSR calculator finds the largest home loan an income can support under the MAS Total Debt Servicing Ratio, then sets it against the loan-to-value limit on the price to show which rule decides the loan. The price field opens at $1,500,000, an illustrative figure, not a price at the development: enter your own price. The Sales Concierge shares the current price list on request. The rules behind it are explained on the housing loan information page.
Main Applicant
Counted after a 30% haircut.
Car, personal and other property loans.
Joint Applicant
Counted after a 30% haircut.
Car, personal and other property loans.
Illustrative figure, enter your own price.
Up to 35 years for private property.
Anything below 4% is tested at 4%.
Sets the loan-to-value limit.
Indicative only. A tenure over 30 years, or a loan running past age 65 (income-weighted for joint applicants), moves the loan to the lower LTV limit of 55%, 25% or 15% depending on loans outstanding, and lifts the minimum cash on a first housing loan from 5% to 10%. Where the LTV limit is lower than the TDSR figure, the LTV limit decides the loan. Banks apply their own credit policies; confirm with a bank, or ask the Sales Concierge to arrange an in-principle approval. Leave out any existing home loan that will be repaid before this purchase.
How a Parktown Residence Loan Is Sized
The bank begins with assessed income: fixed salary in full, plus bonuses and commissions at 70% after the haircut, averaged over twelve months. Up to 55% of that may go towards debt each month, so existing repayments are deducted first and the remainder is converted into a loan at the MAS test rate of 4%, or the actual rate if higher, over the chosen tenure.
Joint buyers are assessed on their income-weighted average age. A tenure over 30 years, or a loan running past age 65 on that average, moves the loan into the lower LTV band with a larger cash share, and the smaller of the TDSR and LTV results becomes the loan. The progressive payment calculator and the stamp duty calculator complete the picture.
Request the Parktown Residence Price List
Parktown Residence is open for sale, and the Sales Concierge sends the current price list with the homes still available by block. Showflat viewings are arranged by appointment through the Sales Concierge.
Sent on request
- The current price list with the available units by block.
- The e-brochure and every floor plan, from 463 to 1,679 sq ft.
- The distribution chart, placing each home by block and level.
- A worked payment schedule and the stamp duty for your profile.
Request the Price List
No obligation. The Sales Concierge responds personally to every enquiry.
Prefer to speak to someone? Call +65 6200 6220, or send a WhatsApp message to the same number.