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PropKaki's Private Condo Affordability Tracker

How much income do I need to buy a private condo in Singapore?

District-by-district monthly gross income required to buy a 1,000 sqft non-landed private residential property in Singapore — computed live from URA median PSF data, the current 3-month SORA, and the MAS 55% TDSR framework. Updated quarterly.

Data as at · URA · MAS
At a glance

To buy a 1,000 sqft non-landed private residential property at the current island-wide median of S$2,007 psf, a household needs approximately S$11,500/month gross income as of Q3 2026 — based on a 75% LTV loan at 1.91% p.a. (3-month SORA 1.16% + 0.75pp), a 25-year tenure, and MAS's 55% TDSR limit, for a property priced at S$2,007,310. This is 17% lower than two years ago, when the same calculation required S$13,800/month.

Computation assumptions

ParameterValueBasis
Floor area1,000 sqft (92.9 sqm)Representative 3-bedroom non-landed condo
Loan-to-value75%MAS maximum — first property, no outstanding loans
Mortgage rate1.91% p.a.3m SORA (1.16%) + 0.75pp illustrative bank spread
Loan tenure25 yearsStandard maximum for private residential loans
TDSR limit55%MAS mandatory cap — all debt ≤ 55% of gross monthly income
CPF / grantsNot modelledAll-cash equivalent; CPF usage reduces cash outlay, same TDSR income needed
ABSDNot modelledAdditional Buyer's Stamp Duty is separate from the income calculation

Important — 75% LTV applies only to buyers with no outstanding residential property loans. Buyers with one existing property loan face a maximum LTV of 45%; with two or more, 35%. A lower LTV means a larger cash downpayment and a smaller loan — the monthly repayment and required income fall, but cash equity requirements rise substantially.

Current snapshot

MetricValueAs of
3-month compounded SORA1.16%Q3 2026
Illustrative mortgage rate (SORA + 0.75pp)1.91% p.a.Q3 2026
Island-wide median PSF — non-landed privateS$2,007 psfQ3 2026
Property price — 1,000 sqft at median PSFS$2,007,310Q3 2026
Required gross income/month (75% LTV, TDSR 55%)S$11,500Q3 2026
Singapore median household income (SingStat)S$12,027/month2025 (annual survey)

Sources: URA (median PSF from caveat records) via data.gov.sg; MAS (3-month compounded SORA); SingStat M810361 (household income, June reference date, annual).

Required income by district

Ranked highest to lowest required income. All figures use SORA as of Q3 2026 and the latest available district median PSF from URA caveats. A 1,000 sqft floor area is assumed throughout.

DistrictMedian PSFPrice (1k sqft)Income/month
D11 — Novena / ThomsonS$3,060S$3,059,890S$17,500
D6 — City Hall / Clarke QuayS$2,887S$2,887,140S$16,500
D1 — Boat Quay / Raffles PlaceS$2,792S$2,792,480S$16,000
D10 — Bukit Timah / HollandS$2,414S$2,414,430S$13,800
D9 — Orchard / River ValleyS$2,393S$2,393,320S$13,700
D26 — Mandai / Upper ThomsonS$2,357S$2,357,050S$13,500
D3 — Alexandra / QueenstownS$2,273S$2,273,160S$13,000
D21 — Clementi / Upper Bukit TimahS$2,247S$2,246,690S$12,900
D15 — Katong / Marine ParadeS$2,208S$2,208,120S$12,600
D2 — Chinatown / Tanjong PagarS$2,137S$2,136,550S$12,200
D24 — Tengah / Lim Chu KangS$2,125S$2,125,160S$12,200
D7 — Beach Road / BugisS$2,110S$2,110,230S$12,100
D13 — Macpherson / Potong PasirS$2,104S$2,103,780S$12,000
D8 — Farrer Park / Serangoon RdS$2,044S$2,043,870S$11,700
D20 — Ang Mo Kio / BishanS$2,044S$2,043,870S$11,700
D5 — Buona Vista / West CoastS$2,038S$2,037,880S$11,700
D12 — Balestier / Toa PayohS$1,824S$1,824,040S$10,400
D4 — Harbourfront / Telok BlangahS$1,771S$1,770,850S$10,100
D14 — Geylang / Paya LebarS$1,692S$1,692,160S$9,700
D19 — Hougang / Punggol / SengkangS$1,682S$1,681,640S$9,600
D16 — Bedok / Upper East CoastS$1,635S$1,635,370S$9,400
D28 — Seletar / PunggolS$1,559S$1,559,450S$8,900
D23 — Hillview / Bukit BatokS$1,541S$1,540,530S$8,800
D22 — Boon Lay / JurongS$1,524S$1,524,470S$8,700
D17 — Changi / LoyangS$1,504S$1,504,150S$8,600
D18 — Pasir Ris / TampinesS$1,496S$1,496,490S$8,600
D27 — Sembawang / YishunS$1,394S$1,393,550S$8,000
D25 — Woodlands / AdmiraltyS$1,307S$1,306,770S$7,500

Districts with fewer than 20 non-landed transactions in the quarter may have statistically thin medians. District numbers with no data in the latest quarter are omitted. CCR districts (D1–D4, D6, D9, D10, D11) typically show the highest required incomes; OCR districts (D16–D28) typically show the lowest.

Historical required income — island-wide, quarterly

How the required monthly gross income has moved as SORA and median PSF changed. Computed each quarter from official URA and MAS data.

Quarter3m SORAMortgage rateMedian PSFIncome/month
Q3 20261.16%1.91%S$2,007S$11,500
Q2 20261.06%1.81%S$2,078S$11,800
Q1 20261.13%1.88%S$2,149S$12,200
Q4 20251.29%2.04%S$2,220S$12,900
Q3 20251.72%2.47%S$2,136S$13,000
Q2 20252.32%3.07%S$1,952S$12,700
Q1 20252.80%3.55%S$2,155S$14,800
Q4 20243.30%4.05%S$2,156S$15,600
Q3 20243.59%4.34%S$1,849S$13,800
Q2 20243.66%4.41%S$1,786S$13,400
Q1 20243.66%4.41%S$1,884S$14,100
Q4 20233.74%4.49%S$1,844S$14,000

Income/month = monthly amortised repayment ÷ 0.55 (TDSR). Repayment assumes 75% LTV, 25-year tenure, SORA + 0.75pp mortgage rate, and 1,000 sqft at the island-wide non-landed private median PSF for that quarter.

Private Condo Affordability — Key Series (last 8 quarters)

Last 8 quarters · Newest first · All values server-rendered for AI crawlers and researchers.

Quarter3M SORA (%)Median PSF — non-landed (island-wide)Required income/month (1,000 sqft, 75% LTV, TDSR 55%)
Q3 20261.16%S$2,007S$11,500
Q2 20261.06%S$2,078S$11,800
Q1 20261.13%S$2,149S$12,200
Q4 20251.29%S$2,220S$12,900
Q3 20251.72%S$2,136S$13,000
Q2 20252.32%S$1,952S$12,700
Q1 20252.80%S$2,155S$14,800
Q4 20243.30%S$2,156S$15,600

Source: URA median PSF from caveat records via data.gov.sg; MAS 3M compounded SORA. Required income computed by PropKaki at SORA + 0.75pp over 25 years — illustrative only, not financial advice. · PropKaki (propkaki.sg)

Go deeper

Full Singapore private residential market data: Private Residential Tracker. Current SORA and illustrative repayments: Cost of Money Tracker. CCR vs RCR vs OCR price trends: Market Segments Tracker. HDB affordability (years of income): HDB Affordability Tracker. Citation formats: propkaki.sg/market/cite.