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James Wong Homes

Executive condominium

New Executive Condominium Purchase

For a new executive condominium: the loan the rules and your income allow, what is due in the first 8 weeks, and the payments under the normal or the deferred scheme.

Your figures

The main figures
Payment scheme

Under a deferred scheme, 20% is paid up front and the rest when the project is ready. Developers usually price it higher: enter that price.

Loan
How the purchase is financed

The loan limit depends on home loans still outstanding, not on how many homes you own.

For joint borrowers, the income-weighted average age.

Leave blank for the longest period allowed.

Leave blank to use the highest loan the rules allow.

Starts at 4%, the rate banks must use to assess a new home loan. Change it to the rate of the loan you are considering.

Income check

Enter it to check the loan against the 30% and 55% servicing limits.

Car loans, minimum card payments, other loans.

Grant and levy

Only a grant HDB has confirmed.

Payable by some second-time buyers. HDB states the amount.

Costs
Dates
Estimated months to reach each stage

Months after the stage before it. These are estimates: the developer's notices decide the real dates.

Your figures stay on this page. They are not saved or sent anywhere.

Result

A little more is needed

Still needed: Purchase price.

What this calculator leaves out

  • Eligibility, grants and the resale levy are decided by HDB.
  • A resale executive condominium is bought like a private resale home: use that calculator.
  • The price difference between the normal and deferred schemes is whatever the developer sets.
  • It works from the figures you enter. It is not a bank's approval, a valuation or advice.

Calculator EC-01

Want the figures looked over?

James can go through your figures with you and point out what a calculator cannot see: timing, eligibility and the order in which to do things. Nothing you typed here is sent with your enquiry; bring the figures or a printout.

Discuss your property plan

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