Artist’s impressionThis TDSR calculator for Sora works out the largest home loan an income can carry under the MAS Total Debt Servicing Ratio, then compares it with the loan-to-value limit on the price to show which of the two sets the loan. Illustrative figure, enter your own price: the price field opens at $1,500,000, which is not the price of any home at the development; the Sales Concierge sends the current price list on request. The rules it applies 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.
Illustrative figure, enter your own price.
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 the Bank Sizes a Loan at Sora
The starting point is assessed income: fixed pay in full, with bonuses and commissions counted at 70% and averaged over twelve months. Up to 55% of that can go to debt each month, so current repayments come off first and what remains is converted into a loan at the MAS test rate of 4%, or the actual rate if higher, over the chosen tenure.
For joint buyers the income-weighted average age is used. A tenure longer than 30 years, or a loan running past 65 on that average, drops the loan into the lower LTV band with a bigger cash share, and the lower of the TDSR and LTV results is the loan. Pair it with the progressive payment calculator and the stamp duty calculator.
Request the Sora Price List
Sora is open for sale, and the Sales Concierge sends the current price list with the homes still available in the four towers by Jurong Lake Gardens. Showflat viewings are arranged by appointment through the Sales Concierge.
Sent on request
- The current price list with the homes still available.
- The e-brochure and the floor plans for the home types you shortlist.
- A worked payment schedule and the stamp duty for your profile.
- A showflat appointment arranged around your diary.
Request the Price List
No obligation. The Sales Concierge responds personally to every enquiry.
Prefer to speak to someone? Call +65 6200 6220, or send a WhatsApp message to the same number.