Seascape TDSR Calculator

This TDSR calculator for Seascape works out the largest home loan an income can carry under the MAS Total Debt Servicing Ratio, then sets it against the loan-to-value limit on the price to show which rule decides the loan. Illustrative figure, enter your own price: the price field opens at $1,500,000, a round number that is not the price of any home at the development; the Sales Concierge sends the current price list on request. The rules behind it are explained on the housing loan information page.

How a Loan Is Sized at Seascape

The bank begins with assessed income: fixed salary in full, plus variable income such as bonuses at 70% after the haircut, averaged over twelve months. Up to 55% of it may go to debt each month, so existing repayments come off first and what remains is turned into a loan at the MAS medium-term rate, the higher of a 4% floor or the loan’s thereafter rate, over the tenure chosen.

Joint buyers are assessed on their income-weighted average age. A tenure beyond 30 years, or a loan that runs past age 65 on that average, moves the loan to the lower LTV limit with a larger cash share, and the smaller of the TDSR and LTV figures becomes the loan.

The Completed-Sale Timetable at Seascape

Seascape received its Temporary Occupation Permit on 25 February 2011, so a purchase runs on the timetable of a completed home rather than a building schedule: the sums fall due within weeks, the whole loan is drawn at legal completion and the home can be lived in from the day the keys change hands. The homes are sold by the developer, a licensed housing developer, so the steps are those the Housing Developers Rules lay down; the option and the agreement for a particular home fix the exact sums and dates.

1. Option to purchase: a booking fee of 5% to 10% of the price. The option reserves the home; under the Housing Developers Rules, the booking fee on a sale by a licensed housing developer is not less than 5% and not more than 10% of the price.
2. Sale and purchase agreement: signed within the option period. The option remains open for three weeks after the buyer or the buyer’s solicitors receive the agreement and the title documents; the agreement is in the form the Rules prescribe.
3. Stamp duty: within 14 days of signing. Buyer’s Stamp Duty and any ABSD are paid to IRAS within 14 days of signing the agreement.
4. Legal completion: as the agreement sets out. With the building complete, the remaining sums fall due within weeks; they are met from the bank loan, CPF savings and cash, and the keys are handed over on completion.

A booking fee of at least 5% already meets the minimum cash downpayment that MAS requires on a first housing loan at the 75% limit. With a second or third housing loan, or at the lower limit, the loan is smaller and the cash share larger, as the housing loan page shows. The Sales Concierge sends the sale terms for Seascape with the price list.

Sources: the Housing Developers Rules (booking fee, rule 8; validity of the option, rule 11; the prescribed form of agreement), read on Singapore Statutes Online; IRAS (stamping within 14 days of signing); MAS (LTV limits and minimum cash); CPF Board (use of CPF savings), checked 27 October 2026. The option to purchase and the sale documents for a particular home govern.

Stack this result with the duty on the stamp duty calculator, or ask the Sales Concierge to go through the figures for a particular home on the current price list.