Residential Loan Information for North Gaia

The information on this page is for the purchase of North Gaia. Read more about the project here.

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%
Guarantors / 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 30%
Total Debt Servicing Ratio 55%
Stress Test Interest Rate 3.5%

Normal Payment Scheme (NPS)

Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 20% less Booking Fee
Completion of Foundation Work 10%
Completion of Reinforced Concrete Framework of Unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion Car park, roads and drains serving the housing project  5%
Notice of Vacant Possession (TOP)  25%
On Completion date 15%

Buyer’s Stamp Duty

Purchase Price or Market Value of the Property BSD 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’s Stamp Duty

Nationality 1st Property 2nd Property 3rd Property
Singapore Citizens N.A 17% 25%
Permanent Residents 5% 25% 30%
Foreigners 30% 30% 30%
Entities / Companies 35% 35% 35%

Register Your Interest

    North Gaia Showflat Now Open for Viewing

    Viewing by appointments only. Please call 6100 2828 for more information.