Answer
Condo Down Payment Calculator — Singapore 2026
How much you need: 5% cash minimum, 20% CPF/cash, plus stamp duty and fees.
Answer: Condo down payment is 25% of purchase price for first property (LTV 75%). Of this, minimum 5% must be cash, and the remaining 20% can be CPF OA or cash. Example: $1M condo → $50K cash + $200K CPF/cash. Add stamp duty ($24,600 BSD for SC 1st property) + legal fees (~$3K) → total upfront cash ~$78K. For 2nd property, down payment is 55% (LTV 45%), with 25% minimum cash.
Down Payment Breakdown (First Condo)
| Condo Price | Total Down Payment (25%) | Min Cash (5%) | CPF/Cash (20%) |
|---|---|---|---|
| $800,000 | $200,000 | $40,000 | $160,000 |
| $1,000,000 | $250,000 | $50,000 | $200,000 |
| $1,200,000 | $300,000 | $60,000 | $240,000 |
| $1,500,000 | $375,000 | $75,000 | $300,000 |
| $2,000,000 | $500,000 | $100,000 | $400,000 |
LTV 75% (loan = 75% of price, down payment = 25%). Assumes tenure ≤30 years and age+tenure ≤65. If not, LTV drops to 55% (down payment 45%).
Total Cash Needed (First Condo, SC Buyer)
Down payment is just one part. You also need cash for stamp duty, legal fees, and other upfront costs:
| Condo Price | Min Cash Down (5%) | BSD | Legal + Misc | Total Cash Needed |
|---|---|---|---|---|
| $800,000 | $40,000 | $18,600 | ~$3,500 | ~$62,100 |
| $1,000,000 | $50,000 | $24,600 | ~$3,500 | ~$78,100 |
| $1,200,000 | $60,000 | $31,600 | ~$3,500 | ~$95,100 |
| $1,500,000 | $75,000 | $44,600 | ~$3,500 | ~$123,100 |
| $2,000,000 | $100,000 | $69,600 | ~$3,500 | ~$173,100 |
Legal + misc = conveyancing fee (~$2.5K–$3K) + valuation fee (~$500). BSD rates: 1%–6% progressive (effective 15 Feb 2023). First-time SC buyers pay 0% ABSD.
Down Payment for Second Condo (SC Buyer)
For a second property, LTV drops to 45% (loan = 45%, down payment = 55%). Of the 55%, at least 25% must be cash.
| Condo Price | Down Payment (55%) | Min Cash (25%) | ABSD (20%) | Total Upfront |
|---|---|---|---|---|
| $1,000,000 | $550,000 | $250,000 | $200,000 | ~$750K+ |
| $1,500,000 | $825,000 | $375,000 | $300,000 | ~$1.125M+ |
| $2,000,000 | $1,100,000 | $500,000 | $400,000 | ~$1.5M+ |
Total upfront = down payment + ABSD + BSD + legal. ABSD 20% for SC 2nd property (effective 27 Apr 2023). This is why most upgraders sell their HDB first before buying a condo.
Worked Example: $1.2M First Condo Purchase
You are a Singapore Citizen buying your first condo at $1.2M. You have $150K in CPF OA.
LTV Rules Summary
| Property | Tenure/Age Rule | LTV | Down Payment |
|---|---|---|---|
| 1st property | Tenure ≤30 yrs, age+tenure ≤65 | 75% | 25% (5% cash min) |
| 1st property | Otherwise | 55% | 45% (10% cash min) |
| 2nd property | Any | 45% | 55% (25% cash min) |
| 3rd+ property | Any | 35% | 65% (25% cash min) |
Age+tenure rule: if you are 40 years old and buying a 30-year loan, 40+30=70 > 65 → LTV drops to 55%. This affects older buyers.
Calculate your exact cash needed
See the full breakdown: down payment, stamp duty, legal fees, monthly mortgage — personalized to your income, debts, and buyer profile.
Affordability CalculatorFAQ
How much is the down payment for a condo in Singapore?
For a first condo purchase, down payment is 25% of the purchase price. Of this, at least 5% must be paid in cash, and the remaining 20% can be paid with CPF OA or cash. Example: $1M condo → $50K cash + $200K CPF/cash.
Can I use 100% CPF for condo down payment?
No. At least 5% of the purchase price must be paid in cash. The remaining 20% can be paid with CPF OA (subject to Valuation Limit rules) or cash. You cannot use 100% CPF for the down payment.
How much down payment for a second condo?
For a second property, down payment is 55% of the purchase price (LTV drops to 45%). Of this, at least 25% must be paid in cash. Example: $1.5M 2nd condo → $375K cash + $450K CPF/cash. Plus you pay 20% ABSD on top.
What is the LTV for condo purchases?
LTV (Loan-to-Value) is 75% for first property (if tenure ≤30 years and age+tenure ≤65). This means you can borrow up to 75% of the property price, and must pay 25% as down payment. LTV drops to 55% or 45% for longer tenures, older buyers, or 2nd/3rd properties.
How do I calculate cash needed for a condo?
Cash needed = 5% down payment + stamp duty + legal fees + valuation fee + agent commission (if applicable). For a $1M condo (SC, 1st property): 5% cash down ($50K) + BSD ($24,600) + legal (~$3K) + valuation (~$500) = ~$78K minimum cash.
Related
- Affordability Calculator — max condo price you can afford
- Cash Needed to Buy a Condo — full breakdown
- Cash Needed for $1M Condo
- Down Payment First Condo
- Stamp Duty Calculator
Last updated Feb 2026. LTV and cash down payment rules based on MAS regulations (effective 16 Dec 2021). BSD rates effective 15 Feb 2023, ABSD rates effective 27 Apr 2023. This is general information, not financial advice. Consult a mortgage broker for your specific case.