Can I afford a condo in Singapore?

To qualify for a mortgage on a median Singapore private condo (approximately S$1,836,689, based on PropKaki's island-wide median PSF of S$2,007/sqft for an 85 sqm unit, Q3 2026 URA caveats), MAS TDSR rules require a minimum gross household income of approximately S$12,000/month (zero existing debt, 30-year loan, 75% LTV, 4% stress-test rate). Singapore's median household income is S$12,027/month (SingStat 2025), about 1.0× below the qualifying threshold. A household earning S$10,000/month qualifies for a maximum loan of approximately S$1,152,037, implying a maximum purchase price of approximately S$1,536,049 — below the current island-wide median condo price. These are estimates for planning purposes only, not financial advice.

What the numbers say — Q3 2026

Assuming a typical 85 sqm (≈ 915 sqft) unit, 75% LTV (25% downpayment), 30-year loan, and no existing debt obligations.

What if I earn S$8,000 / S$10,000 / S$12,000 / S$15,000 per month?

Maximum loan and maximum purchase price at each income level, under MAS TDSR rules (55% TDSR ceiling, 4% stress-test rate, 75% LTV, 30-year loan, zero existing debt).

A household earning S$10,000/month qualifies for a maximum purchase price of approximately S$1,536,049 — to afford the island-wide median condo at the qualifying income level shown above, a higher income, dual-income household, smaller unit, or outer-region district is typically required. See the district-by-district income guide for which districts are accessible at each income tier.

What is the MAS TDSR rule?

The Total Debt Servicing Ratio (TDSR) framework, introduced by MAS in 2013, caps total monthly debt obligations — mortgage plus all other loans — at 55% of a borrower's gross monthly income. For property loans, banks apply a 4% stress-test rate when computing the qualifying mortgage instalment, regardless of the prevailing SORA-linked rate. Most banks also cap loans at 75% LTV for a first residential property with no outstanding mortgages.

This is PropKaki's interpretation of MAS guidelines for planning purposes — not financial advice. Source: mas.gov.sg.

Factors that affect your actual affordability

The figures above assume zero existing debt and a single income. In practice, several factors shift the real picture: existing car loans, personal loans, or credit card balances reduce the TDSR headroom available for a mortgage. CPF Ordinary Account savings can fund part of the downpayment and ongoing instalments, easing the cash burden without changing the TDSR qualifying calculation itself. A dual-income household can combine both incomes for TDSR assessment, materially raising the qualifying threshold. Smaller units or outer-region (OCR) districts carry lower PSF, which lowers both the purchase price and the income needed to qualify — see the district-by-district income guide for specifics.