Housing Loan Information

Residential Home Loan Regulations (MAS)

First Loan Second Loan Third Loan
Loan Tenure Up to 30 years 31-35 years Up to 30 years 31-35 years Up to 30 years 31-35 years
Age Age used to calculate loan tenure, will be based on income-weighted
Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75
Maximum LTV Limit 75% 55% 55% 45% 25% 25% 35% 15% 15%
20% (non-individuals)
Minimum Cash Downpayment 5% 10% 10% 25% 25% 25% 25% 25% 25%
Gaurantors / Co-borrowers All 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 Ratio 60%
Stress Test Interest Rate 3.5%

Developer: Florence Development Pte Ltd (Logan Property Holdings Company Limited)
Developer License No: C1299
UEN: 201730501G
Muki Lot: 09671C, 09673W MK22
Expected TOP: 31 Mar 2023
Expected CSC: 31 Mar 2026

IT’S EASY TO FIND US

We are open : 10:00 AM – 7:00 PM

  • Address

    The Florence Residences

  • PHONE

    +65 6611 0046

  • EMAIL

    sales@florenceresidencecondo.sg

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