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The Total Debt Servicing Ratio (TDSR) is the portion of a borrower's gross monthly income used to repay monthly debt obligations, including the loan being applied for. The maximum TDSR is currently set at 55%.

With $200,000 in savings, you can afford a condo in Singapore, but your options depend on income, debts, and loan eligibility. Banks typically lend up to 75% of the property price. Your $200,000 could cover the minimum 5% cash downpayment for a property priced around $4 million or lower, combined with CPF savings for the 25% downpayment. Consider income, CPF balance, stamp duties, legal fees, and renovation costs. Check loan eligibility and CPF balance for a clearer picture of your purchasing power.

For a condo, the downpayment is 25% of the purchase price with a 75% bank loan. Out of this 25%, 5% must be paid in cash, and the remaining 20% can be paid using cash or CPF funds.

With a monthly income of $8,000, you can use up to $4,400 per month for debt repayments under the TDSR. Assuming a 3.5% interest rate and a 25-year loan tenure, the estimated maximum home loan is approximately $879,882. The actual loan amount may be lower if you have existing debts or if the loan tenure exceeds 30 years or extends beyond age 65.

1 GLS land sales site in Tengah Garden Avenue.

1 land sales site in Tengah Garden Avenue.