Jurong East Avenue 1 EC Financing & Home Loan Guide

Financing a Jurong East Avenue 1 EC unit means checking your eligibility, loan limit and cash position well before the tender result.

What buyers should know

If you own a flat now, plan the timing of its sale, your CPF refund and any resale levy against the staged payments for a new EC.

With no developer or price, the loan you need cannot be worked out yet. Contact Davis Ng to go through your numbers and update them when the price appears.

Speak with your bank and with Davis Ng about the borrowing limit before you model any Jurong East EC unit.

Financing mechanics

Loan-to-Value (LTV) — up to 75%. On a first housing loan a bank can finance up to 75% of the price or valuation. You provide the rest, with at least 5% in cash at booking.
TDSR — 55%. Your total monthly debt repayments (home loan, car, personal loans) must not exceed 55% of gross monthly income. Banks size the loan using a 4% medium-term stress rate.
MSR — 30% (Executive Condominium). As Jurong East Avenue 1 EC is an EC, your mortgage repayment alone is also capped at 30% of gross monthly income, on top of TDSR.

Preparation sequence

Get an Approval-in-Principle (AIP/IPA) from a bank so you know your budget before launch day.
Pay the 5% booking fee on the Option to Purchase, then exercise the Option and pay the balance down-payment.
Loan disburses progressively as construction hits each milestone — your instalments step up over time.

Estimate your numbers with the mortgage calculator and the progressive payment calculator, then see the full payment schedule and stamp duty due.

This is general information, not financial advice. Loan eligibility, rates and rules are set by the banks and MAS and can change — confirm current figures with a licensed mortgage banker.

Jurong East Avenue 1 EC Financing — FAQ

Can I get a loan approval for a Jurong East EC now?

Not for a specific unit, but your bank can tell you how much you could borrow under the MSR and TDSR rules.

Why plan financing before the Jurong East tender?

Knowing your limit early tells you which unit sizes to ignore and how much cash to prepare.

Get a Tailored Jurong East Avenue 1 EC Loan Assessment

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