This TDSR calculator for The Island Residence works out the largest housing loan an income can support under the MAS Total Debt Servicing Ratio, then sets it beside the loan-to-value limit on the price to show which of the two decides the loan. The price field opens at $1,500,000 as an illustration only; it bears no relation to the pricing of The Island Residence, which the developer issues at release. The rules 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.
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 Loan for The Island Residence Is Sized
A bank starts from assessed income: fixed salary in full, plus bonuses and commissions after the 30% haircut, spread across twelve months. Up to 55% of that may go on debt each month, so existing repayments are deducted first and the balance is turned into a loan amount 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 beyond 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 figures becomes the loan. The progressive payment calculator and the stamp duty calculator complete the picture before a preview appointment.
Register Your Interest in The Island Residence
Registration puts you on the preview list for The Island Residence on Keppel Island. The Sales Concierge sends each document as the developer releases it and arranges a private preview appointment at a time that suits you.
What the Sales Concierge sends
- The e-brochure and the full project details on the day they are released.
- Every floor plan and the site plan with its facilities, as soon as the developer publishes them.
- The price list and the balance units chart at launch, before public release where the developer allows.
- A private showflat appointment once the sales gallery opens.
Register Your Interest
No obligation. The Sales Concierge responds personally to every enquiry.
To talk it through instead, call +65 6200 6220 or send a WhatsApp message to the same number.