King's Mansion Home Loan & Financing Guide | Homejourney

King's Mansion Home Loan and Financing Guide: Secure Your D15 Dream Home

Securing a home loan for King's Mansion units on Tanjong Katong Road requires understanding Singapore's financing rules, from ABSD to CPF usage. Homejourney provides verified data and tools to ensure safe, transparent decisions for buyers eyeing this freehold condo in District 15.

This cluster guide focuses on financing specifics for King's Mansion for sale, linking back to our pillar King's Mansion For Sale: Complete District 15 Buying Guide. Use Homejourney's mortgage calculator for personalized affordability checks.

King's Mansion Overview for Buyers

King's Mansion is a freehold condominium developed by Hong Leong Holdings, completed in 1982 with 196 units across Tanjong Katong Road, Amber Road, and Amber Gardens in East Coast, Marine Parade (D15).[1][2] Facilities include a swimming pool, gym, tennis courts, and BBQ areas, appealing to families and investors.

Current sale prices range from S$3.4M to S$6.1M, with PSF at S$2,046–S$2,231 for resale units around 1,600–2,800 sqft.[1][8] Available units include 3-4 bedroom layouts, popular for their spaciousness. View listings on Homejourney: Browse King's Mansion units for sale.

Current Price Ranges and Unit Types

Recent transactions show 3-bedroom units (1,600–1,700 sqft) selling at S$2.95M–S$3.45M, with a mid-2024 high of S$3.45M at level 25.[4] Larger 4-bedroom units (2,700 sqft) fetch up to S$6M.[8]

3BR (1,600 sqft): S$3M–S$3.5M (PSF ~S$1,850–S$2,150)
4BR (2,700 sqft): S$5M–S$6.1M (PSF ~S$1,850–S$2,260)
Rare larger units up to 2,734 sqft available.[9]

Disclaimer: Prices fluctuate; check Homejourney project analysis for latest URA-verified transactions. Related: King's Mansion Price Trends & Market Analysis | Homejourney ">King's Mansion Price Trends & Market Analysis.

Financing Your King's Mansion Purchase: Step-by-Step Guide

Homejourney prioritizes user safety with verified financing tools. Start with our mortgage calculator to assess loan eligibility under TDSR (Total Debt Servicing Ratio) limits of 55%.Bank Rates

Check Eligibility: Singapore citizens/PRs can borrow up to 75–90% LTV; foreigners 60%. Use CPF Ordinary Account for downpayments.
Downpayment: 25% for second property (5% cash + 20% CPF/cash).
ABSD: 0% first-timers; 20% second homes; 60% foreigners (2026 rates).[7]
Apply via Banks: Compare rates on Homejourney bank rates.

For a S$3.5M unit, expect 25% down (S$875K), loan S$2.625M at 3% interest over 25 years: ~S$12,400/month.

Estimated Monthly Payments

Unit Price	Loan Amount (75% LTV)	Monthly (3%, 25yrs)
S$3.2M	S$2.4M	S$11,300
S$4M	S$3M	S$14,100
S$5.5M	S$4.125M	S$19,400

Calculations approximate; use Homejourney tools for precision. Insider tip: Lock fixed rates early amid 2026 volatility.

ABSD and CPF Usage for Different Buyers

First-time Singaporean buyers pay 0% ABSD on their first Singapore condo for sale. Second property: 20% ABSD (S$700K on S$3.5M unit). Expats face 60% (S$2.1M).[7]

CPF: Use OA savings (up to 20% downpayment); accrued interest applies.
Cash Component: Minimum 5% for loans.
Tip: PRs converting to SC status can reduce ABSD—consult professionals via Homejourney agents.

Location Perks Enhancing Investment Value

In D15 East Coast, King's Mansion is near Tanjong Katong MRT (DAP Line, ~10-min walk).[4] Top schools: Tao Nan (1km), Chung Cheng High (800m). Amenities: i12 Katong Mall (500m), East Coast Park (cycle 5 mins).

District 15's freehold status boosts long-term value. Rental yields ~2.5–3.5% (3BR: S$5K–S$6K/month).[3][10]

Investment Potential and Buying Process

Historical sales show 5–7% annual appreciation (2023–2026).[4] Strong tenant demand from expats near Marine Parade. Future THP upgrades nearby enhance appeal.

Search: View available units.
Offer & Option Fee: 1% to secure.
Financing Approval: 21-day HDB/URA rule for private properties.
Completion: 8–12 weeks; use Aircon Services ">Homejourney aircon services post-move.

Related: King's Mansion Unit Types & Size Guide for Buyers | Homejourney ">King's Mansion Unit Types & Size Guide.

FAQ: King's Mansion Financing Questions

What is the average home loan interest rate for King's Mansion in 2026?
Expect 2.8–3.2% fixed for top banks; verify on Homejourney bank rates.

Can foreigners buy King's Mansion with financing?
Yes, 60% LTV max, 60% ABSD. Homejourney verifies eligibility safely.

How much CPF can I use for downpayment?
Up to 20% after 5% cash; balance from OA with interest.

Is King's Mansion a good investment for buy-to-let?
Yes, 3% yields with East Coast demand. Check project analysis.

Where to find verified King's Mansion sale listings?
Exclusively on Homejourney property search.

Homejourney ensures trust through verified data. Ready to buy? Schedule a viewing or explore King's Mansion analysis today for confident D15 investments.