Residential Apartments Home Loan and Financing Guide: Secure Your D11 Dream Condo
Financing a Residential Apartments condo on Shrewsbury Road in District 11 requires understanding Singapore's LTV limits, ABSD rates, and CPF usage rules. This guide provides actionable steps for first-time buyers, investors, and upgraders to calculate affordability and secure the best home loan, all while prioritizing safety through Homejourney's verified data.
As a trusted platform, Homejourney verifies all listings and transaction data to help you make confident decisions on Singapore condo for sale options like these premium D11 properties.
Property Overview: Why Residential Apartments Stands Out
Residential Apartments on Shrewsbury Road offers luxurious living in Newton/Novena, with spacious units blending modern design and convenience. Buyers love its proximity to Novena MRT (5-min walk) and established developer reputation for quality builds. Current market values range from $2.8M-$5.5M, positioning it as a strong property investment in 2026's appreciating D11 market.
Link to our pillar guide on buy condo essentials for broader insights: View all units for sale at Residential Apartments.
Available Units for Sale at Residential Apartments
Popular units include 2BR (1,000-1,400 sqft) at $2.8M-$3.8M ($2,500-$2,900 psf) and 3BR/4BR (1,800-2,500 sqft) up to $5.5M. Studios and penthouses occasionally list for investors seeking high rental yields. Check available units on Homejourney for real-time listings verified for accuracy.
- 2BR: Ideal for young families, $3,000 psf average.
- 3BR: Spacious for upgraders, strong appreciation history.
- Penthouses: Premium views, $3,200+ psf.
Browse available units on Homejourney today—limited stock in this prime spot.
Financing Essentials for Residential Apartments Buyers
Singapore's MAS rules cap LTV at 75% for first-time private property buyers, meaning 25% down payment (5% cash minimum, rest CPF). For second loans, LTV drops to 45%, with 25% cash. Foreigners face 75% LTV max but higher ABSD (60% in 2026).
ABSD rates: Singaporean first-timers 0%; second property 20%; foreigners 60%. Use CPF OA for payments if lease covers buyer to age 95. Homejourney ensures transparent calculations—Check your buying power with our mortgage calculator.
Estimated Monthly Payments
| Unit Type | Price | 75% Loan (2.6% rate, 25-yr) | Down Payment (25%) |
|---|---|---|---|
| 2BR ($3M) | $3,000,000 | ~$12,500 | $750,000 (5% cash: $150K) |
| 3BR ($4.2M) | $4,200,000 | ~$17,500 | $1,050,000 (5% cash: $210K) |
| 4BR ($5.5M) | $5,500,000 | ~$23,000 | $1,375,000 (5% cash: $275K) |
Figures based on 2026 rates (HDB 2.6%, banks ~2.5-3.5%). MSR limits repayments to 30% of income. Disclaimer: Estimates only; consult banks for personalized quotes.
Why Choose Residential Apartments: Key Selling Points
Prime Newton location with Newton MRT (Exit B, 7-min walk) and Velocity@Novena Square nearby. Unwind at nearby Botanic Gardens or shop at Square 2. Unique features include resort-style pools and gyms, perfect for families and expats.
Investment edge: 3-4% rental yields, driven by tenant demand from medical hubs in Novena.
Location Advantages in District 11
- MRT: Novena (NS20, 5-min walk), Newton (NS21, 8-min).
- Schools: St. Joseph's Primary (1km), Anglo-Chinese School (Primary) nearby; international options like Australian Int'l.
- Amenities: United Square, Goldhill Shopping Centre (3-min drive).
- Parks: Mount Pleasant Park (10-min walk).
D11's prestige boosts resale values—explore more in See detailed price trends and transaction history.
Price Analysis and Investment Potential
2026 psf: $2,700-$3,300, up 8% YoY per URA data. Vs. nearby: 10-15% premium over average D11 condos due to freehold status. Rental yields 3.5-4.2% ($8-12 psf), with strong demand from professionals. Future upside from Novena expansions.
Read Residential Apartments Shrewsbury Rd: D11 Price Trends & Units for Sale | Homejo... ">Residential Apartments Shrewsbury Rd: D11 Price Trends & Units for Sale for deeper analysis.
Step-by-Step Buying Process
- Eligibility Check: Confirm HFE if applicable; assess LTV/MSR.
- Secure OTP: 1% option fee ($25K-$50K).
- Financing: Apply bank loan within 21 days; use Homejourney mortgage rates.
- Legal Completion: 8-12 weeks; pay stamp duties.
- Key Collection: Post-MOP (5 years).
Need support? Schedule a viewing with a property agent via Homejourney's verified network.
FAQ: Residential Apartments Financing Questions
Can foreigners buy Residential Apartments?
Yes, but with 60% ABSD and 75% LTV max. Cash down payment 25-40% typical.
How much CPF can I use?
Up to valuation limit if lease to age 95; prorated otherwise. No CPF if <20 years left.
What's the best loan for investors?
Bank loans at 2.5-3% variable; compare via Bank Rates for lowest rates.
ABSD for upgraders?
20% on second property; exemptions possible if selling primary residence within 6 months.
Post-purchase maintenance?
Budget for aircon servicing; see Aircon Services ">Aircon Services .
Homejourney prioritizes your safety with verified agents and transparent data. Start your Residential Apartments Home Loan and Financing Guide journey securely—View units now or explore Residential Apartments Unit Types & Size Guide: D11 Buyers | Homejourney ">unit types guide.
