Answer
Salary Needed to Buy a $1.5M Condo in Singapore
At $1.5M, the income bar goes up significantly. Banks stress-test at 4% and cap your debt at 55% of gross.
Answer: To buy a $1,500,000 condo in Singapore, you need a gross monthly income of at least $11,400 with no other debts. This assumes 25% down payment ($375,000), 75% bank loan ($1,125,000), 25-year tenure, and MAS stress test at 4%. Monthly payment at the actual market rate of 3.5% would be about $6,270.
The Math — $1.5M Condo
| Item | Amount |
|---|---|
| Purchase price | $1,500,000 |
| Down payment (25%) | $375,000 |
| ↳ Cash (min 5%) | $75,000 |
| ↳ CPF OA (up to 20%) | $300,000 |
| BSD stamp duty | $44,600 |
| Bank loan (75%) | $1,125,000 |
| Monthly payment (3.5%, 25y) | $6,270/mo |
| Min income (TDSR at 4% stress) | $11,400/mo |
If You Have Other Debts
| Monthly Debts | Min Income for $1.5M | Increase |
|---|---|---|
| $0 | $11,400 | — |
| $500 | $12,310 | +$910 |
| $1,000 | $13,220 | +$1,820 |
| $1,500 | $14,130 | +$2,730 |
| $2,000 | $15,040 | +$3,640 |
Can You Actually Afford It?
TDSR says you can borrow at $11,400/month. But the payment would be 55% of your gross income. Here's what different income levels actually feel like:
| Household Income | Payment/Income | Reality |
|---|---|---|
| $11,400 | 55% | At TDSR limit — one rate hike breaks you |
| $14,000 | 45% | Tight — not much room for savings |
| $16,000 | 39% | Manageable but watch expenses |
| $18,000 | 35% | Sustainable |
| $21,000 | 30% | Comfortable — room to breathe |
Check with your real numbers
Your HDB equity, CPF balance, and debts change everything. Run the full pipeline calculator.
Run My NumbersFAQ
What salary do I need for a $1.5 million condo in Singapore?
You need a gross monthly income of at least $11,400 with no other debts. This is based on TDSR (55% cap) at the MAS stress test rate of 4%, with 25% down payment ($375,000) and 25-year loan tenure.
Can a couple earning $12,000 combined buy a $1.5M condo?
Yes, but it will be tight. Monthly payment at 3.5% would be about $6,270 — 52% of gross income. This passes TDSR but leaves little room for savings, emergencies, or rate hikes.
How much down payment for a $1.5M condo?
Minimum 25% = $375,000. Of that, at least 5% ($75,000) must be cash. The remaining 20% ($300,000) can come from CPF OA. Plus stamp duty of $44,600.
What is the monthly payment on a $1.5M condo?
With 25% down and 25-year tenure at 3.5%, the monthly payment is approximately $6,270. At the 4% stress test rate used by banks, it would be $6,870.
Can I afford a $1.5M condo with a $1,500 car loan?
You would need at least $14,130/month gross income. The car loan eats into your TDSR headroom, requiring $2,730 more income than if you had no debts.
Related
Last updated Feb 2026. TDSR: 55%, stress test: 4% (MAS). This is educational, not financial advice.