How much salary is needed to buy my first home or upgrade to a condo in Singapore?

The required salary depends on the property price and loan amount. Generally, you must meet the Total Debt Servicing Ratio (TDSR) limit, which caps total monthly debt payments (including mortgage) at 55% of your gross monthly income. Propseeker can perform an affordability assessment to determine the minimum income needed for your target property.

What should I do before upgrading from HDB to a private condo?

Before upgrading, secure financing by obtaining an In-Principle Approval (IPA) for your bank loan. Plan the sequence for selling your HDB and buying the condo, considering Additional Buyer’s Stamp Duty (ABSD) if applicable, and budget for all associated costs including stamp duties, legal fees, and agent commissions. Propseeker can help you map out the timeline efficiently.

Do I need to consider Feng Shui when buying or upgrading my home?

Many Singapore homeowners value Feng Shui when purchasing or upgrading homes. This includes optimizing unit orientation, furniture placement, colors, and ensuring a clutter-free main entrance to promote harmony and positive energy (Qi). Propseeker can advise on basic Feng Shui considerations for your property.

Is buying an Executive Condominium (EC) still worth it?

ECs are hybrid properties offering full condo facilities with initial HDB eligibility and price caps. They can deliver significant capital appreciation once fully privatized after 10 years. Propseeker can analyze potential EC investments based on your budget and goals.

Are Executive Condominiums affordable now?

While EC prices have risen, they remain more affordable than private condos for eligible buyers due to government grants, lower entry prices, and income ceilings. Propseeker can assess which EC projects fit your financial situation.

Should I upgrade from HDB to a private condo?

Upgrading requires a financial assessment including cash/CPF outlay, TDSR evaluation, and potential capital gains versus transaction costs. Propseeker provides personalized guidance to determine if upgrading is the right move for you.

Are Outside Central Region (OCR) property prices too high?

OCR prices have increased due to high demand, limited new launches, and rising land and construction costs. Detailed financial planning and comparison are essential before purchasing. Propseeker can help identify suitable OCR options within your budget.

How do I get started with property investment in Singapore?

Start by assessing your financial position, understanding loan eligibility, and identifying target property types. Propseeker offers investment guidance, helping you select properties with growth potential and plan purchases strategically.

Tembusu Grand

Tembusu Grand is a recently developed condominium complex situated in District 15’s Katong neighborhood, precisely along Jalan Tembusu, operating on a 99-year leasehold. Comprising four blocks, each ranging from 20 to 21 floors, the complex offers 638 residential units featuring a variety of configurations, from one to five-bedroom layouts.

This new launch condo presents a distinctive living opportunity, offering an exhilarating lifestyle complemented by comprehensive amenities in the heart of the East Coast. Nestled along Tanjong Katong Road, renowned for its array of eateries and cafes, this new development occupies a spacious land area of approximately 210,622 square feet. Surrounded by esteemed estates such as Katong, Mountbatten, Joo Chiat, and Dakota, residents can relish in the vibrant atmosphere steeped in Singapore’s rich heritage.

Tembusu Grand Information

Sold: 590 units (92.48%)

From: $1,409,000 – $7,888,000

As of 20 March 2025

Maximum Connectivity

This new launch condo benefits from an excellent transportation system, which facilitates easy connectivity to other areas in Singapore. This makes it convenient for residents to access various amenities, both within the vibrant Marine Parade area and beyond, as they go about their daily routines.

In addition, residents can take advantage of the East Coast Parkway, which is located just five minutes’ drive away, for a seamless commute along a free-flowing highway.

For those who prefer public transportation, the nearest MRT stations are the Dakota MRT station and the upcoming Tanjong Katong MRT station, which can be reached in 5 to 6 minutes drive.

Maximum Convenience

Tembusu Grand is located in a highly desirable section of the Marine Parade community, known for its lively and bustling atmosphere, and considered one of the most bustling areas in Singapore.

You can easily and conveniently purchase your daily necessities from NTUC Fairprice, Cold Storage, and shop electronic appliance at Harvey Norman or Best Denki. Additionally, you can indulge in delicious meals or snacks from popular restaurants like Ding Tai Fung, Treasure Yi Dian Xin, Yakiniku-Go, Tori-Q, Chateraise, and many others, which are located approximately 5 minutes away by car.