Piccadilly Grand Home Loan and Financing Guide
Securing a home loan for Piccadilly Grand units at Northumberland Road requires understanding Singapore's financing rules, including ABSD, LTV limits, and CPF usage. This guide provides actionable steps tailored for first-time buyers, investors, and upgraders targeting this D08 gem near Farrer Park MRT, helping you calculate affordability safely through Homejourney's trusted tools.
Homejourney prioritizes your safety by verifying all data and offering transparent financing insights, connecting you to our mortgage rates page for real-time bank comparisons.
Piccadilly Grand Overview: Why Finance Here?
Piccadilly Grand is a 99-year leasehold mixed development by City Developments Limited (CDL) and MCL Land at 1-5 Northumberland Road, District 8 (Farrer Park/Little India).[1][2] Featuring 407 units across three 23-storey towers, it integrates with Piccadilly Galleria retail and childcare, with TOP in August 2026.[1][9] Units range from 1-bedroom (484 sqft) to 5-bedroom premium (1,679 sqft), fully sold at launch with PSF from S$2,032-S$3,188.[3][9]
Resale units for sale are now available via Homejourney's property search. This cluster supports our pillar on D08 properties by focusing on financing specifics. Buyers appreciate direct Farrer Park MRT access and premium facilities like multiple clubhouses and lifestyle zones.[2][3]
Available Units for Sale and Price Expectations (2026)
As of 2026, Piccadilly Grand for sale listings on Homejourney include 1-5 bedroom units. Popular types: 2-bedroom (~700 sqft) at S$1.8M-S$2.2M; 3-bedroom (~900 sqft) at S$2.4M-S$3M; larger 4-5BR from S$3.5M+ (estimates based on URA trends and launch PSF; actuals vary).[3][9] Check detailed project analysis for latest transactions.
- 1BR: S$1.3M-S$1.6M (484-600 sqft)
- 2BR: S$1.8M-S$2.2M (most sought-after for investors)
- 3BR+: S$2.4M-S$4M+ (family/upgrader favorites)
Disclaimer: Prices fluctuate; view verified listings on Homejourney. For unit types details, see our Piccadilly Grand Unit Types & Size Guide for Buyers | Homejourney .
Financing Essentials: MSR, LTV, and ABSD for Piccadilly Grand
Singapore buyers face Total Debt Servicing Ratio (TDSR) at 55% and Mortgage Servicing Ratio (MSR) at 30% of gross income for condos.[9] Loan-to-Value (LTV) max: 75% for first loan, 45% second, 25% third (shorter tenure post-June 2024 rules).
ABSD Rates (2026):
- First-time Singapore PR/Citizen: 0% up to S$1.8M (condo threshold)
- Second property: 20% for citizens
- Investors/Expats: 30%+
Example: S$2M 2BR unit – First buyer downpayment ~S$500K (25% incl. ABSD if applicable), loan S$1.5M. Use CPF Ordinary Account (OA) up to available balance after reserves. Homejourney verifies eligibility via our mortgage calculator.
Monthly Repayment Estimates for Piccadilly Grand Units
Assuming 2.5% interest (25-year tenure, 2026 rates):
| Unit Type | Price | Loan (75% LTV) | Monthly (~) |
|---|---|---|---|
| 2BR (S$2M) | S$2M | S$1.5M | S$7,900 |
| 3BR (S$2.8M) | S$2.8M | S$2.1M | S$11,000 |
| 4BR (S$3.5M) | S$3.5M | S$2.625M | S$13,800 |
Calculations via Homejourney tools; factors in CPF top-up. Expats: Higher downpayments (25-40%). Compare rates at bank-rates. Rates from major banks like DBS/OCBC; lock-in periods 2-3 years recommended.[9]
Step-by-Step Buying Process with Financing
- Assess Affordability: Use Homejourney calculator for MSR/TDSR.
- Secure HDB Letter of Offer/In-Principle Approval (IPA): Valid 30 days from banks.
- Exercise Option to Purchase (OTP): 1-2% option fee; negotiate via agent.
- Apply Loan: Submit docs (income proof, CPF statements).
- Legal Completion: 8-12 weeks post-TOP for resale.
Need support? Contact an agent through Homejourney for verified pros. See price trends in Piccadilly Grand Price Trends & Market Analysis | Homejourney .
Location Boosts Investment Value
Prime D08 spot: 1-min walk to Farrer Park MRT (NE8), near Little India MRT. Amenities: Mustafa Centre (5-min walk), Farrer Park Fields, Zhongshan Mall. Schools: Farrer Park Primary (1km), Bendemeer Sec. Strong tenant demand from professionals yields 3.5-4.2%.[9]
Future uplift from nearby developments. Post-purchase, explore aircon services for maintenance.
Investment Potential and Risks
Piccadilly Grand offers solid appreciation: Launch PSF S$2,000+ expected to hold with D08 demand. Rental: S$5K-S$8K/month for 2-3BR (4% yield). Risks: Interest rate hikes, lease decay (99yrs from 2021). Diversify; consult pros. Compare to The Stellar Investment Returns: Rental Yield Analysis | Homejourney .
FAQ: Piccadilly Grand Financing Questions
Can I use CPF for Piccadilly Grand downpayment?
Yes, OA/MA balances after reserves; top-up allowed. Check via Homejourney calculator.[9]
What's ABSD for foreigners buying here?
60% on residential; seek waivers if eligible. First citizens: 0% under thresholds.
How much downpayment for a S$2.5M unit?
~25% (S$625K) for first-timers; higher for others. Verify on bank-rates.
Best loan tenure for investors?
20-25 years to optimize cashflow; fixed rates first 2yrs.
Are resale units available now?
Yes, browse sale listings for latest D08 condos.
Ready to buy? View Piccadilly Grand for sale units and finance securely with Homejourney – your trusted partner for safe property journeys. Start at our property search.
