Lucerne Grand TDSR Quick Answer
For 2BR+Study ~S$1.75M: max loan = S$1.3125M (75% LTV). Monthly repayment (30yr, 4%): ~S$6,270/mo. Min gross income needed: ~S$11,400/mo. No MSR for private condo — only TDSR 55% applies.
Lucerne Grand Financing: TDSR, LTV & Maximum Loan Guide
Understanding your financing limit before registering interest in Lucerne Grand is essential. Singapore’s mortgage rules — TDSR, LTV caps, and bank stress test rates — determine how much you can borrow and what income you need. This guide calculates it clearly for every unit type.
Singapore Mortgage Rules for Private Condos
| Rule | Limit | Notes |
|---|---|---|
| LTV (first property) | 75% | Max 45% if you own another property |
| TDSR | 55% of gross monthly income | All debts combined |
| Loan tenure | Max 30 years | Capped at 65 minus buyer age |
| Bank stress test rate | ~4.0–4.5% | Used for TDSR calculation, not actual rate |
| MSR | N/A | MSR 30% only applies to HDB/EC loans |
TDSR Calculations by Unit Type
| Unit | Est. Price | Max Loan 75% | Monthly (30yr,4%) | Min Gross Income |
|---|---|---|---|---|
| 1BR+Study | S$1.2M | S$900K | ~S$4,298 | ~S$7,815/mo |
| 2BR Deluxe | S$1.55M | S$1,162K | ~S$5,551 | ~S$10,093/mo |
| 2BR+Study | S$1.75M | S$1,312K | ~S$6,268 | ~S$11,396/mo |
| 3BR Deluxe | S$2.1M | S$1,575K | ~S$7,522 | ~S$13,676/mo |
| 4BR Luxury | S$2.8M | S$2,100K | ~S$10,029 | ~S$18,235/mo |
Indicative. Based on est. PSF S$2,200–2,400, 75% LTV, 30yr, 4% stress test, 55% TDSR, no other debt. Actual qualifying income depends on existing commitments.
Speak to Alvin Tan — New Launch Specialist
WhatsApp: wa.me/6584888648
CEA Reg. No. R072324C | ERA Realty Network Pte Ltd (L3002382K)
CPF Usage for Lucerne Grand
SC and PR buyers may use CPF OA for progressive payments and monthly mortgage. Key constraint: CPF usage capped at lower of purchase price or valuation, minus the Basic Retirement Sum retained in your account. For a S$1.75M unit: 25% downpayment = S$437,500. Minimum S$175,000 in cash (10% exercise price) + balance from CPF.
Second Property Rules
Owning an existing property changes the calculation significantly. LTV drops to 45% — meaning 55% cash/CPF required. ABSD is 20% for SC (S$350K on a S$1.75M unit). Second-property buyers should model total upfront cost carefully: ABSD + higher downpayment + BSD can exceed S$600K cash-equivalent.
What is the minimum income to buy Lucerne Grand 2BR+Study?
Approximately S$11,400/month gross to clear TDSR at 55%, assuming 75% LTV, 30yr loan, 4% stress test, no other debts. Combined income from both spouses counts.
Can I use CPF to buy Lucerne Grand?
Yes — SC/PR buyers can use CPF OA for progressive payments and mortgage instalments. Minimum 10% cash is required at OTP exercise. CPF Valuation Limit applies.
Does MSR apply to Lucerne Grand?
No. MSR (30%) only applies to HDB loans and EC new launch purchases. For private condos like Lucerne Grand, only TDSR (55%) applies.
Speak to Alvin Tan — New Launch Specialist
WhatsApp: wa.me/6584888648
CEA Reg. No. R072324C | ERA Realty Network Pte Ltd (L3002382K)
Get a Free Property Valuation from Alvin
Need an honest, data-driven valuation on this project, your existing property, or a comparison? WhatsApp Alvin Tan directly — CEA-licensed, ERA Realty, no obligation. Same-day reply during office hours.
- ✅ Free showflat priority booking
- ✅ ABSD + BSD + financing eligibility analysis
- ✅ Floor plan packs & price list (where available)
- ✅ HDB upgrader pathway planning