LTV for Investment Property Singapore: Limits, Rules & Tips | Homejourney

This definitive guide covers everything you need to know about Loan-to-Value (LTV) limits for investment properties in Singapore. From second property LTV rules to investor LTV limits, down payment requirements, and how to navigate ABSD and TDSR, Homejourney provides verified insights to help you invest safely and confidently. Whether you're buying your first investment condo or financing multiple properties, understand LTV investment property rules to avoid costly mistakes.

At Homejourney, user safety and transparency come first. We verify all market data and connect you to the best rates from DBS, OCBC, UOB, and more via our bank rates page. Start by calculating your eligibility today.

What is LTV for Investment Property?
Current LTV Limits for Investors in 2026
4 Key Factors Affecting Your Investor LTV Limit
LTV Limits by Number of Properties Owned
HDB vs Private Property Investment LTV Rules
Calculating Down Payment for Investment Properties
How TDSR and MSR Affect Investment Loans
LTV and ABSD: Combined Impact on Investors
Best Bank Loans for Investment Properties
Real Singapore Examples: LTV in Action
Investment Strategies to Maximize LTV
5 Common LTV Mistakes Investors Make
FAQ: LTV for Investment Property Singapore
Next Steps with Homejourney

What is LTV for Investment Property?

Loan-to-Value (LTV) ratio is the percentage of a property's purchase price or valuation that banks or HDB will lend you. For investment properties, LTV investment property limits are stricter to prevent over-leveraging. In Singapore, the Monetary Authority of Singapore (MAS) sets these caps, currently at 75% maximum for bank loans on a first property.[1][5]

For investors, LTV determines your down payment investor requirement—the gap between LTV and 100%. A 45% LTV means a 55% down payment. This protects you from market downturns while ensuring affordability under Total Debt Servicing Ratio (TDSR) rules.[7]

Homejourney's mortgage calculator at https://www.homejourney.sg/bank-rates#calculator lets you input property price and see your exact LTV eligibility instantly, using Singpass for verified CPF and income data.

Current LTV Limits for Investors in 2026

As of 2026, Singapore's cooling measures maintain tight LTV limits. Bank loans cap at 75% for first-time buyers, dropping sharply for second and subsequent properties.[1][3][8]

HDB loans for flats are at 75% since August 2024, but investment in HDB is limited—resale flats require Minimum Occupation Period (MOP) completion.[3][4] Private properties like condos follow bank LTV rules universally for investors.

Property Type	Max Bank LTV (First Property)	Max HDB LTV
HDB Flat	75%	75%[3][4]
Private/Condo	75%	N/A

These limits apply if loan tenure ≤30 years (private) or ≤25 years (HDB), and ends before age 65.[1][2]

4 Key Factors Affecting Your Investor LTV Limit

Several factors reduce your investor LTV limit beyond base caps:

Existing Loans: Each prior housing loan cuts LTV by 10-20%.[1][8]
Loan Tenure: >30 years (private) or >25 years (HDB) drops LTV to 55%.[1][3]
Age: Loans extending past 65 lower LTV similarly.[2]
Property Type: Shell companies limited to 15% LTV.[1]

Insider tip: Recent buyers in Punggol condos note banks assess tenure from disbursement date, not application—plan ahead to avoid surprises.[1]

LTV Limits by Number of Properties Owned

For second property LTV and beyond, limits tighten progressively. This table summarizes MAS rules for bank loans:

Number of Existing Loans	Max LTV (Standard)	Max LTV (Extended Tenure/Age)
0	75%	55%[1][8]
1	45%	25%[1][8]
2 or more	35%	15%[1][8]

These apply to loan to value investment properties. Check your count including the new purchase.[5]

HDB vs Private Property Investment LTV Rules

HDB investments are restricted: You must own private property first or meet eligibility. Bank LTV matches private at 75%/45% etc., but HDB loans offer 75% only for owner-occupied.[3] Private condos allow higher flexibility for pure investors.

Example: Upgrading from HDB to condo? Sell within 15 months or face resale curbs, but LTV based on new purchase count.[1]

Search investment-ready condos on Homejourney's property search.

Calculating Down Payment for Investment Properties

Down payment investor = 100% - LTV. Minimum 5% cash for bank loans, rest CPF Ordinary Account (OA). Staggered: 5% on booking, 15-20% on PEA, balance on completion.[1]

Example Calculation: S$1.5M condo, second property (45% LTV).
Max loan: S$675,000
Down payment: S$825,000 (25% cash min S$375,000 + CPF).

Use Homejourney's calculator for precise mortgage simulations.

How TDSR and MSR Affect Investment Loans

TDSR caps total debt (including investments) at 55% of gross income. MSR (HDB only) at 30%.[7] Investments count fully under TDSR, limiting further borrowing.

Insider: Rental income counts at 70% for TDSR if tenanted >12 months—key for cash flow.[7] See related: Rental Yield vs Mortgage: Cash Flow Analysis | Homejourney

LTV and ABSD: Combined Impact on Investors

ABSD hits on second property: 20% for citizens (2023 update).[4] Combines with LTV down payment. For S$2M second condo: 45% LTV (S$1.1M down) + 20% ABSD (S$400k) = massive upfront.

Strategy: Time purchases post-MOP. Details in LTV & ABSD Rules for Safe Investment Property Loans | Homejourney .

Best Bank Loans for Investment Properties

Floating SORA suits investments due to rental offsets.[6] Compare DBS (low spreads), OCBC, UOC on Homejourney's bank rates.

SORA dominates 2026: 3M compounded + 0.7-1.5% spread.[2] The chart below shows recent interest rate trends in Singapore:

Rates stable around 3% p.a.—ideal for positive cash flow. Apply multi-bank via Homejourney for best offers.

Full comparison: Best Bank Loans for Property Investors in Singapore | Homejourney

Real Singapore Examples: LTV in Action

Case 1: Second Condo in Orchard. S$2.5M purchase, couple with one HDB loan. LTV 45%, loan S$1.125M, down S$1.375M +20% ABSD S$500k. Monthly ~S$5k at 3% SORA, covered by S$8k rental.[2]

Case 2: Third Property Tanjong Pagar. 35% LTV on S$1.8M = S$630k loan, 65% down S$1.17M. TDSR binds at 55% income cap.

Verify projects on projects directory.

Investment Strategies to Maximize LTV

Pay off existing loans pre-purchase to reset LTV.[1]
Choose ≤30-year tenure for max LTV.[5]
Leverage CPF fully (up to OA balance).
Multi-property? See Financing Multiple Investment Properties Safely in Singapore | Homejourney
Refinance primaries for equity release.

Homejourney brokers guide safe scaling.

5 Common LTV Mistakes Investors Make

Ignoring tenure/age caps, facing 55% surprise.[1]
Mis-counting loans (includes sold but not discharged).
Underestimating ABSD + cash down combo.
Not factoring TDSR with rentals at 70%.[7]
Locking fixed rates on investments—opt floating.[6]

FAQ: LTV for Investment Property Singapore

What is the LTV for a second investment property in Singapore?
45% for bank loans if standard tenure, dropping to 25% if extended.[1][8]

Second property LTV limit for condos?
45% max, plus 20% ABSD for citizens.[4]

Investor LTV limit with 2 existing loans?
35% standard, 15% extended.[1]

Loan to value investment property calculation?
(Property Price x LTV%) = Max Loan. Use Homejourney calculator.

Down payment investor minimum cash?
5% for first/second, 10%+ for lower LTV.[1]

Can foreigners get 75% LTV on investment condo?
Yes, same as locals for first property.[2]

Does rental income boost LTV?
No, but helps TDSR.[7]

HDB investment LTV 2026?
75% HDB loan if eligible, bank 75%/45%.[3][4]

Best banks for investment LTV?
DBS, OCBC, UOB—compare on Homejourney.

Next Steps with Homejourney

Mastering LTV investment property rules positions you for safe growth. Start with our bank rates page: compare DBS to Maybank, calculate loan to value investment, apply via Singpass to multiple banks instantly.

Our verified tools ensure transparency—prioritizing your safety. Search properties at https://www.homejourney.sg/search, maintain with Aircon Services . Contact Homejourney Mortgage Brokers for personalized advice.

Disclaimer: This is general information. Consult professionals for advice. Rates/regulations as of 2026; verify with MAS/HDB.