Commercial Loan
Commercial Loan
A facility for Cecil Place is written on commercial terms: the lender sets its own ceiling, the pricing reflects the use the unit is put to, and the drawdown follows the construction stages set out on the payment scheme page. The figures below are indicative market practice as at September 2026 rather than an offer, and every one of them should be confirmed with your bank.
There is no statutory loan-to-value ceiling on commercial property, so the limit is set by the lender rather than by regulation. What moves it is the use: a bank lends most comfortably against a business that will occupy and maintain the premises it is financing.
| Situation | Indicative loan-to-value |
|---|---|
| Owner-occupied by the purchasing business | up to ~90% |
| Held as an investment and let out | up to ~80% |
| Borrower already carrying other property borrowing | lower, assessed case by case |
Indicative only — confirm with your bank. Each lender applies its own credit policy.
On a building under construction the shape matters as much as the ceiling. The opening 20% falls due across the eight-week Sale & Purchase period before the bank disburses anything, so at 70% or 80% the buyer funds that period in full. At 90% the bank funds part of it, drawing the excess at completion of the sale once the mortgage is in place. The commercial purchase calculator shows all three side by side.
| Individual borrower | Assessed under the Total Debt Servicing Ratio, which caps all monthly debt obligations at 55% of assessed income. This applies to sole proprietors and to an individual setting up a company purely to hold the unit. |
| Company borrower | Assessed on the company’s own financials — turnover, profitability, cash flow and existing facilities — rather than on a debt-servicing ratio. Directors are commonly asked for personal guarantees. |
| Typical tenure | Commonly 25 to 30 years, subject to the lender’s policy and the borrower’s profile. |
| Funding mix | Cash and a bank facility. CPF savings cannot be applied to a commercial property. |
| Interest | Quoted against a reference rate with a lock-in period. Check the rate that applies after the lock-in ends, not only the headline rate. |
Indicative only — confirm with your bank or MAS before commitment.
Lenders shorten tenure and trim loan-to-value as a lease runs down, because the security amortises with it. Cecil Place is freehold, so that constraint does not enter the assessment — the tenure available is the one the lender’s policy and the borrower’s profile support, at purchase and again at every refinancing over the life of the holding. It is one of the quieter advantages of the tenure, alongside the scarcity discussed on the insight on freehold strata scarcity.
Three costs are cash at every loan-to-value: the 9% GST on each instalment, Buyer’s Stamp Duty, and the legal fee. Fitting-out, valuation and bank processing charges sit outside the facility as well. The stamp duty and GST page sets out the duty scale and the GST recovery position by entity.
Enter a price, tenure and rate in the commercial purchase calculator and it reports the cash needed in the first eight weeks, the drawdown at each construction stage, the interest and principal as the loan builds, the full monthly repayment once it is drawn, and the property tax at 10% of Annual Value from Temporary Occupation Permit onwards. Indicative pricing is on the pricing page; availability on the balance units chart.
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Connect with the Sales Concierge for the latest availability, floor plans and indicative pricing at Cecil Place.