For a household buying at Fablewoode Residences, two ceilings apply at once: the mortgage servicing ratio of 30% and the total debt servicing ratio of 55%. The lower one sets the loan, and for most executive condominium buyers that is the mortgage servicing ratio.
Two Ceilings for a Fablewoode Residences Loan
An executive condominium bought from the developer is financed by a bank loan; HDB concessionary loans do not apply. The bank tests the loan twice. The mortgage servicing ratio (MSR) allows the monthly repayment of the housing loan to take up to 30% of gross monthly income. The total debt servicing ratio (TDSR) allows all monthly debt repayments together, the new housing loan included, to take up to 55%.
Because the MSR counts only property loans, other debts enter the TDSR test alone. Simple arithmetic shows when they start to matter: 55% of income less other debts falls below 30% only when those debts exceed a quarter of income. For most households the MSR binds, and clearing a car loan would not raise the loan they can take.
| Ceiling | Counts | Limit |
|---|---|---|
| Mortgage servicing ratio (MSR) | Repayments on property loans | 30% of gross monthly income |
| Total debt servicing ratio (TDSR) | All debt repayments, including the new loan | 55% of gross monthly income |
Both tests use a medium-term interest rate set by MAS: the higher of 4% a year or the loan’s actual rate. Variable income such as bonuses counts at 70% after a 30% haircut, and joint buyers are assessed on their income-weighted average age.
Source: MAS loan rules (LTV, MSR, TDSR and the 4% medium-term rate floor). Limits can change; confirm with your bank before committing.
Loan-to-Value Limits for Fablewoode Residences
The loan-to-value (LTV) limit caps the loan as a share of the price, and it falls as the number of housing loans already outstanding rises. A tenure longer than 30 years, or one that runs past the age of 65, moves the household to the lower limits.
| Housing loans outstanding | Maximum LTV | Minimum cash downpayment | Lower LTV (longer tenure or past 65) |
|---|---|---|---|
| None | 75% | 5% | 55% (10% cash) |
| One | 45% | 25% | 25% (25% cash) |
| Two or more | 35% | 25% | 15% (25% cash) |
Source: MAS loan rules (LTV, MSR, TDSR and the 4% medium-term rate floor). Limits can change; confirm with your bank before committing. The maximum tenure for a bank loan on private property is 35 years.
Who Can Buy at Fablewoode Residences
- A family nucleus: the applicant a Singapore Citizen, with at least one other Citizen or Permanent Resident; or two or more Singapore Citizen singles aged 35 or over applying together.
- Every applicant at least 21 years old.
- Total monthly household income of everyone on the application within S$16,000, the ceiling that applies because this site’s land tender closed on 11 September 2025, before 24 August 2026; the S$18,000 ceiling applies only to EC sites whose tenders closed on or after that date.
- No private residential property owned, in Singapore or overseas, and none disposed of in the 30 months before applying.
- Not more than one non-residential property owned by the household, for EC land sales launched on or after 9 May 2023.
- Any HDB flat disposed of within six months of key collection.
Households that have taken two housing subsidies are not eligible; a second-timer household pays a resale levy of S$55,000 (families) when it buys a new EC. HDB determines eligibility for every application.
Source: HDB, EC eligibility, CPF Housing Grant and conditions after buying an EC pages, read 3 November 2026.
CPF Housing Grant at Fablewoode Residences
First-timer families buying a new EC may receive the CPF Housing Grant, credited to the CPF Ordinary Accounts of the first-timer Singapore Citizen applicants. The grant tapers with income and reaches nil above S$12,000 a month, while the purchase ceiling here is S$16,000, so a household can be eligible to buy and receive no grant.
| Average gross monthly household income | SC / SC | SC / SPR | First-timer and second-timer |
|---|---|---|---|
| S$10,000 or lower | S$30,000 | S$20,000 | S$15,000 |
| S$10,001 to S$11,000 | S$20,000 | S$10,000 | S$10,000 |
| S$11,001 to S$12,000 | S$10,000 | Nil | S$5,000 |
| S$12,001 to S$16,000 | Nil | Nil | Nil |
Source: HDB, EC eligibility, CPF Housing Grant and conditions after buying an EC pages, read 3 November 2026. An SC / SPR household may later apply for the S$10,000 Citizen Top-Up.
The Fablewoode Residences Timeline After Purchase
The tender for the site closed on 11 September 2025, before the 8 May 2026 changes, so the earlier EC framework applies to Fablewoode Residences: owners may sell on the open market after a five-year minimum occupation period counted from the Temporary Occupation Permit, and may rent out the whole home after the same period. Bedrooms may be rented out during the occupation period, registered with HDB within seven days. The development becomes fully private ten years after completion.
The EC affordability calculator runs the MSR and TDSR tests together, checks the income ceiling and finds the grant tier; the payment scheme page sets out when each instalment falls due.
Register for Fablewoode Residences
Fablewoode Residences is coming to Sembawang Road. As the developer publishes its e-brochure, floor plans and price list, registrants hear first, together with the preview dates and priority for a showflat appointment.
Sent to registrants first
- The preview dates and a showflat appointment as soon as viewings open.
- Each of the e-brochure, the floor plans and the price list, the day the developer publishes it.
- A household estimate from the EC affordability calculator and the stamp duty for your profile.
- Answers on EC eligibility and financing, before the booking day.
Register for the Preview
No obligation. The Sales Concierge replies personally to every registration.
Would a conversation help? The Sales Concierge answers calls and WhatsApp messages on +65 6200 6220.
After registering: a personal reply from the Sales Concierge by phone, WhatsApp or email; the e-brochure, the floor plans and the price list as each is released; and an invitation to book a showflat appointment when viewings open.