PhotographTwo MAS rules decide how much a bank may lend on a home at Cape Royale: the loan-to-value (LTV) limit, measured against the price, and the Total Debt Servicing Ratio (TDSR), measured against income. The figures below were read from MAS on 27 October 2026.
Cape Royale Loan-to-Value Limits
The limit depends on how many housing loans the borrower already has outstanding. Each tier has a standard limit, a lower limit and a minimum share of the price that must be paid in cash.
| Outstanding housing loans | Standard LTV | Lower LTV | Minimum cash |
|---|---|---|---|
| None | 75% | 55% | 5% (10% at the lower limit) |
| One | 45% | 25% | 25% |
| Two or more | 35% | 15% | 25% |
Source: MAS, checked 27 October 2026. Limits can change; confirm with MAS or your bank before signing.
When the Lower Limit Applies at Cape Royale
The lower limit applies when either of two conditions is met:
- the loan tenure exceeds 30 years; or
- the loan would extend beyond the borrower’s 65th birthday, using the income-weighted average age when two people borrow together.
A 33-year-old choosing a 35-year loan would finish at 68 and also exceed 30 years, so the lower limit applies; a 45-year-old on a 25-year loan stays within 30 years but finishes at 70, so it applies too. Loans on private homes can run for up to 35 years.
Over 30 years, or past age 65.
The loan limit drops to 55%, 25% or 15%, and minimum cash on a first loan rises to 10%.
The TDSR Test for Cape Royale Buyers
Total monthly debt repayments, including the new loan, may not exceed 55% of gross monthly income. The new loan is tested at a medium-term interest rate rather than the rate the bank quotes, so that a later rise in rates stays affordable.
| Rule | As at October 2026 |
|---|---|
| TDSR limit | 55% of gross monthly income |
| Interest rate used for the test | The higher of a 4% floor or the loan’s thereafter rate |
| Variable and rental income | Counted at 70%, after a 30% haircut |
| Longest tenure, private property | 35 years |
| Joint borrowers | Income-weighted average age |
Source: MAS, checked 27 October 2026. Limits can change; confirm with MAS or your bank before signing.
Fixed salary counts in full. Car loans, other property loans and minimum credit card repayments are taken off first, and what remains is converted into a loan amount. The TDSR calculator for Cape Royale applies these rules for one or two borrowers.
CPF and the Remaining Lease at Cape Royale
Cape Royale stands on a 99-year lease from 7 April 2008, which runs to 6 April 2107, so about 80 years remain in October 2026. CPF Board ties the use of CPF savings to the remaining lease: savings can be used in full, up to the usual limits, where the lease covers the youngest buyer to the age of 95, and on a pro-rated basis where it does not, provided at least 20 years remain.
With about 80 years left, the lease covers any buyer aged 15 or over to 95, so the remaining lease does not reduce CPF usage for an adult buyer. CPF savings can then go towards the share of the price above the minimum cash, the monthly loan instalments and the stamp duty, within CPF Board’s limits on the price and the valuation.
About 80 years.
The lease runs to April 2107, long enough to cover any adult buyer to the age of 95 under CPF Board’s rule.
Source: CPF Board, checked 27 October 2026. Usage limits depend on the buyers’ ages and the valuation; confirm with CPF Board.
In-Principle Approval Before a Cape Royale Viewing
Many buyers ask a bank for an in-principle approval before a viewing. It states how much the bank is prepared to lend on the information supplied, subject to final approval and a valuation, and turns the stamp duty, the booking fee and the cash share into firm figures. Each bank sets its own terms, including on the age of the borrower and the lease of the property, and its own validity period.
On a completed home the loan is drawn within weeks of signing, and repayments begin soon after. The TDSR calculator page sets out the completed-sale timetable.
Request the Cape Royale Price List
Cape Royale is completed and open for sale. The Sales Concierge sends the current price list and the homes still open for selection in Blocks 15, 17, 19 and 25. Showflat viewings are arranged by appointment through the Sales Concierge.
Sent on request
- The current price list and the homes still open for selection.
- The e-brochure and the floor plans you shortlist.
- The stamp duty for your profile and a loan estimate from the TDSR calculator.
- A viewing appointment at a time that suits you.
Request the Price List
No obligation. The Sales Concierge responds personally to every enquiry.
Prefer to speak to someone? Call +65 6200 6220, or send a WhatsApp message to the same number.