Penrith
Overview
Prime Queenstown residential development with 462 units across two towers, adjacent to Queenstown Primary School and minutes from Queenstown MRT Station. Part of the ongoing transformation of the Queenstown corridor with strong rental demand from professionals.
Price & Units
Location
Our Analysis
Full analysis coming soon.
We're working on an in-depth review for this project.
Payment Plan
Calculator Inputs
Loan Amount
S$ 1,121,250
Down Payment
S$ 373,750
BSD
S$ 44,400
Full Monthly (after TOP)
S$ 5,613
Section A — Purchase Timeline(from OTP to legal exercise)
Option to Purchase (OTP) Issued
Booking fee — cash only, non-refundable
23 May 2026
S$ 74,750
Sales & Purchase (S&P) Agreement Received
Developer sends S&P within 2 weeks of OTP
6 Jun 2026
Exercise S&P Agreement
Pay remaining downpayment — cash or CPF
27 Jun 2026
S$ 224,250
Stamp Duty Due
BSD (tiered formula) + ABSD if applicable
11 Jul 2026
S$ 44,400
Tenure Comparison
Normal (25 yrs)
S$ 5,613/mth
Extended (35 yrs)
S$ 4,634/mth
*LTV ≥ 55% required
Monthly Savings
S$ 979/mth
vs normal tenure
Total cash/CPF needed (OTP to exercise + stamp duty)
S$ 343,400
Section B — Progressive Payment During Construction
During construction the bank disburses progressively. You pay a full amortised instalment on the drawn amount — not interest-only. Monthly payment steps up at each milestone as more of the loan is released.
Foundation
Buyer Lump Sum
S$ 74,750
Cash / CPF
Bank Disburses
S$ 74,750
Cumulative: S$ 74,750
Monthly Payment
S$ 374
/month from this stage
7% of full instalment
Concrete Framework
Buyer Lump Sum
—
Bank Disburses
S$ 149,500
Cumulative: S$ 224,250
Monthly Payment
S$ 1,123
/month from this stage
20% of full instalment
Brick Wall / Partition Walls
Buyer Lump Sum
—
Bank Disburses
S$ 74,750
Cumulative: S$ 299,000
Monthly Payment
S$ 1,497
/month from this stage
27% of full instalment
Ceiling of Unit
Buyer Lump Sum
—
Bank Disburses
S$ 74,750
Cumulative: S$ 373,750
Monthly Payment
S$ 1,871
/month from this stage
33% of full instalment
Interior (Electrical & Plumbing)
Buyer Lump Sum
—
Bank Disburses
S$ 74,750
Cumulative: S$ 448,500
Monthly Payment
S$ 2,245
/month from this stage
40% of full instalment
Roads, Drains & Carpark
Buyer Lump Sum
—
Bank Disburses
S$ 74,750
Cumulative: S$ 523,250
Monthly Payment
S$ 2,620
/month from this stage
47% of full instalment
Temporary Occupation Permit (TOP)
Buyer Lump Sum
—
Bank Disburses
S$ 373,750
Cumulative: S$ 897,000
Monthly Payment
S$ 4,491
/month from this stage
Legal Completion (CSC)
Buyer Lump Sum
—
Bank Disburses
S$ 224,250
Cumulative: S$ 1,121,250
Monthly Payment
S$ 5,613
/month from this stage
Total cash/CPF across all stages (excl. stamp duty)
S$ 373,750
* Dates are estimates based on typical BCA construction milestones. Actual dates depend on developer progress notices. Max loan tenure for private residential property is 30 years (Singapore MAS rules). LTV limits: 75% for first property, 45% for second, 35% for third+.
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