Commercial Purchase Calculator

Plan Your Purchase

Cecil Place Purchase Cost Calculator

Cecil Place is a building under construction, so a purchase is paid down in stages against the Sale of Commercial Properties Act schedule rather than in a single settlement. This calculator sets out the cash you need to secure a unit within the eight-week Sale & Purchase period, the Buyer’s Stamp Duty, the 9% GST falling due with each instalment, the way the bank loan is drawn down stage by stage, and the property tax once the building is complete. Choose a loan-to-value of 70%, 80% or 90% and compare all three side by side. Enter a price from the indicative price guide and the figures update as you type. The schedule it works from is set out in full on the payment scheme page, the duty and GST on the stamp duty and GST page, and the lending position on the commercial loan page.

How the Cecil Place Calculator Works

Buyer’s Stamp Duty is computed on the price excluding GST, using the commercial scale: 1% on the first $180,000, 2% on the next $180,000, 3% on the next $640,000, 4% on the next $500,000 and 5% on everything above $1,500,000. No Additional Buyer’s Stamp Duty arises, so the calculator never asks about your profile or how many properties you already own. A full breakdown sits on the stamp duty calculator.

GST at 9% is shown twice, and both figures matter. The first is GST on the full price, which is what the unit ultimately costs you if you cannot recover it. The second is GST on each individual instalment, because the developer issues a tax invoice at every stage and the GST falls due with that stage, not at the end. The stage table carries its own GST column for exactly this reason.

What Governs the Cecil Place Loan-to-Value

There is no statutory loan-to-value ceiling on commercial property, so the limit is set by the lender rather than by regulation. In practice 90% is offered to an operating company taking the unit for its own use, and an investment purchase is usually assessed nearer 80%. The calculator offers all three settings because the difference is worth seeing before you approach a bank.

Two constraints sit behind the figure. Where the borrower is an individual, a sole proprietor or a shell company, the Monetary Authority of Singapore’s Total Debt Servicing Ratio applies to the loan and caps total monthly debt obligations at 55% of gross monthly income; where the borrower is an operating company, the bank assesses corporate credit instead. Separately, the 20% owed to the developer during the Sale & Purchase period falls due before the bank disburses anything, so at 90% the excess is drawn down at completion of the sale, once the mortgage is in place, rather than reducing what you owe up front. The GST on that 20% is payable in cash at every setting, because banks do not finance it.

When You Can Claim the GST Back on Cecil Place

These are guidelines only, and the treatment in any particular case is subject to the rules set by IRAS. As a broad framing, a GST-registered operating company — one carrying on a trade or business and making taxable supplies — will generally be able to claim the GST charged on the purchase as input tax, so the 9% becomes a timing cost rather than a permanent one. A non-operating holding vehicle, set up purely to own the asset, sits in a different position, and registration is not automatic simply because a property has been bought.

The distinction turns on the registration status and the actual activity of the buying entity, not on the property. Confirm your own position with IRAS or your tax adviser before treating the GST as recoverable, and budget the cash for it either way, because it is payable at each stage regardless of when it is recovered.

What the Cecil Place Figures Exclude

Fitting-out and reinstatement, valuation fees, mortgage duty, bank processing and facility charges, and any movement in the interest rate across the construction period all sit outside these numbers. For an owner-occupier there is one further cost the table cannot show: rent on your existing premises keeps running alongside the progressive interest payments, so the two overlap through the tail of the programme. Speak to the Sales Concierge for a figure built around a specific unit.