Frequently Asked Questions

EndowHomes is a team of professionals that strives to focus on your property investment goal, understand your objective, elevate your family lifestyle and achieve financial freedom! Apart from the “About Us”, let us elaborate the benefits and advantages of chatting with us! At EndowHomes, we
    1. Have the latest property updates from the developers and this saves you the hassle of speaking to different agents/ developers!
    2. Have access to latest proptech tools to assess the value of Singapore properties and find undervalued tools for you
    3. Internal research team which does in-depth market research to explain which projects are worth investing in!
    4. Understand government regulations and policies and how they affect the property market and you in Singapore.
    5. Have a wide range professional network (developers, bankers, interior designers, agents, contractors, valuers) and you can tap on our resources!
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Depending on your unique situation, EndowHomes will need to assess your situation before advising you.

When it comes to buying, the key consideration is the finances involved such as taxes, down payment required and your mortgage loan eligibility.

As for renting, do remember that tenants who are paying rent are effectively helping the landlords to pay for their mortgage payments every month.

Lucky for landlords, when they sell their properties at the end of the day, they get a chance to profit, while the tenants do not get a single share of the sale proceeds.

If you are still unsure, let’s have a chat and see what is the more appropriate option for you.

In Singapore, there are a few metrics involved in calculating the loans:

    1. Loan to value (LTV): LTV determines the maximum amount an individual can borrow from a bank for a housing loan. LTV follows a percentage of the property’s value, which is 75% for most bank loans in Singapore. For example, if you want to purchase a property valued at $1,000,000, you can borrow a maximum loan of $750,000.
    2. Total Debt Servicing Ratio (TDSR): TDSR refers to the portion of an individual’s gross monthly income that goes towards repaying the monthly debt obligations, including the loan being applied for. On 16 December 2021,  the TDSR was revised to 55%. For example, if you earn a monthly fixed salary of $10,000, you can use a maximum of $5,500 for all your monthly debt obligations.
    3. Mortgage Servicing Ratio (MSR): Similar to TDSR, MSR refers to the portion of an individual’s gross monthly income that goes towards repaying all property loans, including the loan being applied for. MSR is capped at 30% of the borrower’s gross monthly income and it applies only the purchase of an HDB flat, or an executive condominium where the minimum occupation period of the executive condominium has not expired. For example, if you earn a monthly fixed salary of $10,000, you can use a maximum of $3,000 for all your monthly property loans.

These metrics are created to ensure that an individual does not take on more debt than he/she can handle and has the capability to make loan repayments. 

Still unsure of your property loan amount or eligibility? Chat with EndowHomes now and we will help you calculate instantly!

Buyer’s Stamp Duty (BSD)
BSD is tax paid on documents signed when you buy or acquire property located in Singapore.


What is Additional Buyer’s Stamp Duty (ABSD)?
Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Seller’s Stamp Duty (SSD) SSD is payable on all residential properties and residential lands that are acquired on or after 20 Feb 2010 and disposed of within the holding period.

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On the unit booking day, you will required to pay 5% in cash (cheque) to developer.

Within two weeks, developer will send Sale & Purchase (S&P) Agreement to you/or your law firm.

Upon receipt of the S&P Agreement, you need to pay 15% in cash/CPF to exercise the option within 21 days. 

After option exercised, you need to pay Buyer Stamp Duties (BSD) and Additional Buyer Stamp Duties (ABSD) to IRAS within two weeks. 

Developer will call for payment upon completion of foundation, according to the Progressive Payment Scheme, monthly instalment which gradually increases at every stage of the construction progress.