How do I check my MSR or TDSR eligibility?

You can use the MSR / TDSR calculator to estimate your monthly loan eligibility here: https://ottoplace.ec.sg/msr-tdsr-calculator/

Who is eligible to buy an executive condo in Singapore?

You must be a Singapore Citizen, apply under a valid HDB scheme, meet income ceiling and family nucleus requirements, and not own other properties locally or overseas. More info here: https://ottoplace.ec.sg/executive-condo-eligibility/

The resale levy payable is determined at the point you book your second subsidised flat. It applies regardless of ownership type (joint-tenancy or tenancy-in-common) or shared interest in the flat. Calculate how much is your resale levy: https://ottoplace.ec.sg/resale-levy-calculator/

What is Deferred Payment Scheme (DPS)?

The Deferred Payment Scheme (DPS) allows property buyers to delay most of the payment until the property is fully constructed, providing greater flexibility. More info here: https://ottoplace.ec.sg/ec-payment-scheme/#sec-b9d3

MSR TDSR Calculator

MSR / TDSR

Mortgage servicing ratio (MSR) refers to the portion of a borrower’s gross monthly income that goes towards repaying all property loans, including the loan being applied for. MSR is capped at 30% of a borrower's gross monthly income. It applies only to housing loans for the purchase of an HDB flat, or an executive condominium where the minimum occupation period of the executive condominium has not expired.

Total debt servicing ratio (TDSR) refers to the portion of a borrower’s gross monthly income that goes towards repaying the monthly debt obligations, including the loan being applied for. A borrower's TDSR should be less than or equal to 55%.

If you’re applying for a loan from a financial institution (bank or finance company) to purchase an EC, both MSR and TDSR thresholds will be considered. You must meet both criteria to be eligible for the loan.

Applicant 1's Age	Eg. 25	Applicant 2's Age	Eg. 25
Applicant 1's Avg Monthly Income	Eg. 5,500	Applicant 2's Avg Monthly Income	Eg. 5,500
Applicant 1's Annual Bonus (if any)	Eg. 5,500	Applicant 2's Annual Bonus (if any)	Eg. 5,500
Total Monthly Debt for all Applicants (credit cards, car loan etc)		Eg. 2,000

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MSR / TDSR

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