Peck Hay Road Residences Financing & Home Loan Guide

Financing a Peck Hay Road Residences purchase starts with your budget, since no official Newton price has been announced.

What buyers should know

Banks lend on the purchase price or valuation, so plan on the analysts' S$3,400 to S$3,900 psf range only as a rough guide, and check loan limits with your bank.

The price list, bank packages and progressive payment dates have not been released.

Speak to your bank about your loan limit, and contact Davis Ng for the price release so the numbers can be updated.

Financing mechanics

Loan-to-Value (LTV) — up to 75%. On a first housing loan a bank can finance up to 75% of the price or valuation. You provide the rest, with at least 5% in cash at booking.
TDSR — 55%. Your total monthly debt repayments (home loan, car, personal loans) must not exceed 55% of gross monthly income. Banks size the loan using a 4% medium-term stress rate.

Preparation sequence

Get an Approval-in-Principle (AIP/IPA) from a bank so you know your budget before launch day.
Pay the 5% booking fee on the Option to Purchase, then exercise the Option and pay the balance down-payment.
Loan disburses progressively as construction hits each milestone — your instalments step up over time.

Estimate your numbers with the mortgage calculator and the progressive payment calculator, then see the full payment schedule and stamp duty due.

This is general information, not financial advice. Loan eligibility, rates and rules are set by the banks and MAS and can change — confirm current figures with a licensed mortgage banker.

Peck Hay Road Residences Financing — FAQ

Does a large tower make a Peck Hay Road loan easier?

No. Banks look at your income, existing debts and the property's price; the size of the building does not change your borrowing.

What should I prepare before booking a Newton condo?

Have your in-principle loan approval, your cash and CPF for the down payment and stamp duties, and a buffer for higher rates.

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