LTV directly sets how much cash and CPF a buyer must find upfront. For a first property on a bank loan, the minimum down payment is 25 percent of the price, of which at least 5 percent must be cash, no CPF and no gifted cash count toward that slice. The remaining 20 percent can come from CPF Ordinary Account savings or additional cash.
For a second property while a first loan is still outstanding, LTV falls to 45 percent, and the minimum cash component of the down payment rises to 25 percent, a materially heavier cash burden than a first purchase.
LTV is set by the Monetary Authority of Singapore as a cooling measure and has been adjusted several times; always confirm the current tier with a bank or MAS before committing to a purchase.
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Book a free 30 minute callWinfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence No. L31010886H). CEA R073319H. This page is for general information only and does not constitute financial, investment, or legal advice. Verify current figures with IRAS, HDB, CPF Board, or MAS before making any decision.