SEA HORIZON

PropNex International Pte Ltd takes due measures to ensure that the all information provided are as reliable as possible but will not be responsible for any wrong or inaccurate information that has been featured herein. PropNex International Pte Ltd does not make any representation, endorsement,
warranty or guarantee the completeness or accuracy of the information and materials provided above. PropNex International Pte Ltd, its parent company P&N Holdings, its staff, directors and associates shall be indemnified and will not be held liable for any direct, indirect, special or consequential
loss or damage that may arise out of or in any way connected with any error, omission, the use of or reliance on information or with the inability to use the same, whether resulting in whole or in part, from breach of contract, tortious behaviour, negligence, strict liability or otherwise.

Location map


Source: Google Map

MRT Map

Source: http://smrt.com.sg

Developers Track Record
Building better homes for a better life
MCC Land (Singapore) Pte Ltd (the “Company”), a subsidiary of Metallurgy Corporation of China Ltd listed in Hong Kong and Shanghai,
is a developer and engineering services provider in Singapore.
A Fortune 500 company, the Company has been instrumental in shaping the city landscape of Singapore by being involved in the building of numerous notable landmarks, including Universal
Studios at Resorts World Sentosa and the Keppel Distripark. In recent times, the Company has developed and/or managed a number of quality housing projects, such as The Canopy, The
Nautical, Canberra Residences and 1 Canberra - spanning a wide range of housing types, from BTO, to executive condominium to private condominium.
With a presence of over 14 years in Singapore, the Company aims to create inspiring lifestyles and landscapes that will propel Singapore into a 21st century global city

Source: http://www.mcc.sg/

Strategically Designed
• Sea Horizon is design in a way that the blocks are a distance away from each
other. “Looking at neighboring unit” will not be a problem for the residents of
Sea Horizon
• Even at the narrowest part of the ‘V-shaped’ design, the distance is 58metres
apart.


Well Connected to all parts of Singapore
• Sea Horizon is a short bus ride to Pasir Ris MRT station and Pasir Ris Bus
Interchange.
• Residents will also enjoy the convenience access to nearby expressways –
Tampines Expressway (TPE), Pan Island Expressway (PIE) and East Coast
Parkway (ECP).


Sea View
• Sea Horizon is the first Executive Condominium to have
sea view and up to 70% of the units come with sea view.
• Sea view units in the nearby new development were
transacted at:
•
•

Ripple Bay - $1,001psf to $1,062psf
Sea Esta - $947psf to $998psf

• Sea View Units Transacted at D15
•
•

Cote D Azur - $1463psf for 1367sqft unit (14 May 2013 Source: Streetsine)
Sliver Sea – $1,485 - $2,387 PSF / Avg $1,864 PSF (Source: Squarefoot research)


• Upcoming Downtown Line 3
The 21-km long DTL3 is the final stretch of the 42-km Downtown Line. Running almost
parallel to the East West Line (EWL), the DTL3 will provide a convenient transport link
for residents and commuters living and working along the line to the Central Business
District, the Marina Bay area and the rest of the island. There are 16 stations in DTL3,
from Expo station in the east to Fort Canning station in the heart of town. DTL3 has
three interchange stations - MacPherson, Tampines and Expo, allowing commuters to
transfer to the East West Line and Circle Line.

Source: www.lta.gov.sg

• Upcoming Cross Island Line (CRL)
- Spanning across Singapore, the Cross Island Line (CRL) is ~50km in length and is targeted to
complete by around 2030.
- Starting from Changi, the CRL will pass through Loyang, Pasir Ris, Hougang, Ang Mo Kio,
before reaching Sin Ming. Continuing westwards, it will serve areas such as Bukit Timah,
Clementi, West Coast, and terminate at Jurong Industrial Estate.
- Alternative for East-West travel to the current East-West Line. Residents in Punggol will be
able to travel to Pasir Ris – a popular and much demanded travel route - in only 10-15
minutes, compared to a 40 minute bus journey today.

Source: www.lta.gov.sg

More Job Opportunities
Busier Regional Centre
Expect more businesses to spring up at the bustling Tampines Regional Centre. New office developments
here will help meet the growing demand for office space over the next few years.
A Better Business Park
Changi Business Park will offer more business park developments, including backroom office space for
financial institutions. To cater to the needs of workers here, shops and other complementary amenities
will be introduced. Upcoming developments include new hotels near the Expo MRT Station, to help meet
the needs of business travellers.

New Industrial Estates
In the pipeline: new industrial estates to provide more jobs in the East region. These will be located in
Loyang, Lorong Halus, Kaki Bukit and the site of the former Bedok Water Reclamation Plant, to expand the
existing industrial estates in the region.

* Future commercial development in Tampines Regional Centre

* Future business park development in Changi Business Park

Source: Masterplan 2008

More Job Opportunities
Wafer Fabrication
There will be continued efforts to pursue and anchor more semiconductor plants to further
develop Tampines and Pasir Ris Wafer Fabrication Parks, e.g. at Tampines Ave 10 and Pasir Ris Dr
12.
Logistics and Aviation
A 29ha site at Tampines Road will be opened up for a new logistics park in the near term, to
meet the strong demand for logistics industries in the East.
More sites close to Changi Airport, like at Changi North Industrial Estate and Changi East will
also be developed for aerospace industries.

* Pasir Ris Wafer Fab Park

* Aerospace industries at Changi

* More logistics industries in the East


Leisure
An Active Bedok Reservoir Park
Residents can look forward to new facilities like a new gallery and fishing deck, a new dragon boathouse, and
a new surface carpark that will make it a breeze to step out and enjoy the activities at the reservoir.

Further Enhancing Changi Point
As part of the Rustic Coast proposals from Master Plan 2003, URA has completed a number of infrastructure
improvements like the Changi Point Ferry Terminal, Changi Point Boardwalk, and Changi Village carpark. Two
new lifestyle developments are in store at the former Changi Hospital and Fairy Point Hill, transforming
Changi Point area into a leisure destination over the next few years.

* Future floating gallery at Bedok Reservoir Park

Leisure
New parks
A new 5ha linear park will emerge along Tampines Ave 12. This will complement the existing Sun Plaza Park
and mountain biking trail at Tampines North. The linear park will form part of a larger green belt to
eventually connect Sun Plaza Park all the way to Pasir Ris Park.
Another linear park along Sungei Loyang. Linking Pasir Ris Park Connector with Pasir Ris Park, park users will
find it more convenient to move from Pasir Ris Park to Changi Beach Park.
Additional Park Connectors
The East region already has a well-developed Eastern Coastal Park Connector Network linking East Coast
Park, Changi Beach Park, Pasir Ris Park, Bedok Reservoir Park, Sun Plaza Park and Bedok Town Park. One
addition in the medium term is a new link between Bedok Town Centre, Siglap Linear Park and Bedok park
connectors. This will make walking and jogging from Bedok Town Centre to East Coast Park a breeze.

East Coast Park
East Coast Park will be further enhanced as a regional attraction. NParks has plans to introduce more
facilities to enhance its appeal, like the new Skatepark that will be coming up near the East Coast Food
Centre.


CMA
Executive Condo
Arc At Tampines
The Tampines Trilliant
Citylife @ Tampines
Private Condominium (U/C)
Sea Strand
Ripple Bay
Stratum
The Palette
D’nest
Sea View Units
Sea Esta
Ripple Bay
Private Condominium (TOP)
NV Residences
Livia
Oasis @ Elias
Eastvale
Whitewater
The Esparis

Average $PSF
781
783
800
Average $PSF
994
927
944
1,083
1,083
Average $PSF
998
1,062
Average $PSF
1,087
954
962
880
836
808

Source: Square Foot Research, Onemap

Coastal Condo Transaction
For 99-years leasehold condo

Costa Del Sol
$1,361 psf
$1,301 psf
$1,425 psf

Silver Sea
The Vision
$1,279 psf
Blue Horizon
$1,345 psf
$1,300 psf

$1,129 psf
$1,118 psf
$1,181 psf

Costa Rhu
$1,240 psf
$1,285 psf
$1,252 psf

Reflection at Keppel Bay

$1,463 psf
$1,222 psf
$1,195 psf

Caribbean at Keppel Bay

$1,823 psf
$2,279 psf
$1,548 psf

Cote D Azur

$1,613 psf
$2,387 psf
$2,140 psf

$1,637 psf
$1,735 psf
$1,716 psf

Source: URA

SEA HORIZON @PASIR RIS DR 3 / PASIR RIS RISE
06 August 2013

Unit View Distribution Diagram

Unit View Mapping Diagram
Blk 1, 3 & 5

Blk 7, 9, 11 & 13

Blk 15, 17, 19, 21 & 23

PES Unit Distribution

Typical Unit Distribution

Penthouse Unit Distribution

Fact Sheet
Project Name
Developer
General Description

Address
Status
Location
Total no. of units
Land Size
Tenure of land
Developer’s lic no.
Lot No.:
BP approval
Date of Legal TOP
Date of Legal
Completion
Project Account
Showflat Type
Ceiling Height (For general
spaces of Living room and
bedrooms only, kitchen &
bathroom varies)
No of carpark
Carpark

Sea Horizon
Hao Yuan Development Pte Ltd
PROPOSED ERECTION OF 4 BLOCKS OF 10 STOREYS, 3 BLOCKS OF 11 STOREYS, 2
BLOCKS OF 12 STOREYS AND 3 BLOCKS OF 13 STOREYS EXECUTIVE CONDOMINIUM
(TOTAL 495 UNITS) WITH ENVIRONMENTAL DECK CAR PARK, SWIMMING POOL
AND COMMUNAL FACILITIES ON LOT 4838K MK 31 AT PASIR RIS DRIVE 3 / PASIR
RIS RISE (PASIR RIS PLANNING AREA)
Condominium Block
1, 3, 5, 7, 9, 11, 13, 15, 17, 19, 21, 23 Pasir Ris Drive 3
Executive Condominium
PASIR RIS DRIVE 3 / PASIR RIS RISE
495
27,660sqm
99 Years Leasehold Commencing From 25 February 2013
C1079
Lot No. 4838K of Mukim 31, Singapore
P280113-24C2-Z000 dated 17 Jun 2013
25 November 2016
25 November 2019

Malayan Banking Berhad for Project A/c No. 04011503676 for Hao Yuan
Development Pte. Ltd
E2 – 5 Bedroom
C2 – 3 Bedroom
1st floor PES– 3.2m
2nd floor PES and typical units - 2.9m

Total 500 lots (inclusive 5 handicap lots)
Covered Carpark

PropNex Realty Pte Ltd takes due measures to ensure that the all information provided are as reliable as possible but will not be responsible for any wrong or inaccurate information that has been featured herein. PropNex Realty Pte Ltd does not
make any representation, endorsement, warranty or guarantee the completeness or accuracy of the information and materials provided above. PropNex Realty Pte Ltd, its parent company P&N Holdings, its staff, directors and associates shall be
indemnified and will not be held liable for any direct, indirect, special or consequential loss or damage that may arise out of or in any way connected with any error, omission, the use of or reliance on information or with the inability to use the
same, whether resulting in whole or in part, from breach of contract, tortious behaviour, negligence, strict liability or otherwise.

Consultants
Architect

Facilities:

AGA Architects Pte Ltd

1.
2.
3.
4.

5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.

Entrance
Pick Up / Drop off Point
Guard House
Glazier plaza
a. Outdoor BBQ
b. Kid’s Cabin
c. Children Dry Play
Spa By The Terrace
Terrace Garden
Alcove Garden
Glazier Pool (Swimming Pool)
Glazier Pool (Dip Pool)
Pool Deck
Eco-Promenade
Aka Pool (Swimming Pool)
Aka Lounge Deck
Children Wading Pool
Floating Children Play
Sun Deck
Eco-Pavilion (Teppanyaki)
Eco-Pavilion (BBQ)
Alpine Terrace
Forest Edge
Cottage Garden
Sky Clubhouse
Terrace Court
Eco-Garden Deck
Fitness Pad
Tennis Court


No. of units per flat type

Total per block

Block No

2Room

3Room

4Room

5Room

Penthouse

1

22

18

-

-

1

41

3

-

22

7

9

1

39

5

-

20

7

8

1

36

7

-

9

24

1

2

36

9

-

9

24

1

2

36

11

-

9

16

9

2

36

13

-

20

9

9

2

40

15

-

24

11

11

2

48

17

-

12

23

11

2

48

19

-

12

22

12

2

48

21

-

11

20

11

2

44

23

-

21

10

10

2

43

22

187

173

92

21

495

Total per
flat type


Unit Features
1

FINISHES

1.1

Finishes & Fittings

Wall (For Apartment)
1.1.1

Cement and Sand plaster and/or
Cement skim coat with paint finish
to exposed surfaces only

1.1.2

1.2

Living, Dining,
Hallway to
Bedrooms,
Bedrooms, Yard,
open court, PES
and Balcony
Bathrooms,
Kitchen

Porcelain and/or Ceramic and/or
Homogenous Tiles

Wall (For Common Areas)
1.2.1

Lift Lobby,
Car Park,
Staircases,
Corridors and
other Common
Areas

1.3

Porcelain and/or Ceramic/and or
Homogenous Tiles to designated
areas and Cement and sand plaster
with paint finish

Floor (For Apartment)
1.3.1

Porcelain and/or Ceramic Tiles with
skirting

1.3.2

Bedrooms

Laminated flooring with skirting

1.3.3

1.4

Living, Dining,
Hallway to
Bedrooms, Yard,
open court, PES
and Balcony

Bathrooms,
Kitchen

Porcelain and/or Ceramic Tiles

Floor (For Common Areas)
1.4.1

1.5

Lift Lobbies,
Staircases,
Corridors and
Other Common
Areas

Cement/Sand screed and/or
Homogeneous and/or Ceramic Tiles
and/ or Pebble wash and/or
Concrete flooring to designated
areas

Ceiling (For Apartment)
1.5.1

Living, Dining,
Bedrooms,
Kitchen, Yard,
Bathroom, and
Balcony

Cement skim coat and /or
Cement/Sand screed and/or Ceiling
board and/or Box up to designated
area with paint finish

1.5.2

Hallways from

Fibrous plaster ceiling in selected


living to
bedrooms
1.6

paint finish

Ceiling (For Common Areas)
1.6.1

Lift Lobbies,
Common
Corridor and
Letter Box

2.0

FITTINGS

2.1

Fibrous plaster ceiling in selected
paint finish

Master Bath
2.1.1

2.1.2

1 pedestal wash basin and mixer tap

2.1.3

1 water closet

2.1.4

1 toilet paper holder

2.1.5

1 towel rail

2.1.6
2.2

1 glass shower compartment complete with shower
mixer and hand shower set

1 mirror

Bath
2.2.1

2.2.2

1 pedestal wash basin and mixer tap

2.2.3

1 water closet

2.2.4


2.2.5

1 towel rail

2.2.6
2.3

1 glass shower compartment complete with shower
mixer and hand shower set

1 mirror

WC
2.3.1
2.3.2

1 water closet

2.3.3

2.4

1 wall hung wash basin with tap


Kitchen
2.4.1
2.4.2

2.5

1 Kitchen sink and tap
1 Cooker hob and hood

Yard


2.5.1
2.6

1 Bib tap for washing machine with cast-in drain pipe

Private Enclosed Space (PES) or Roof Terrace or Open Court
2.6.1

Special Features/Additional
Items (If applicable)

1 Bib tap

External

Internal

Barbeque Pit

Glass Railing

Swimming Pool

Composite Timber at Balcony

Jogging Track

Kitchen Cabinet

Tennis Court

Wardrobe
Air – Conditioner for
Bedroom, Living & Dining
Water Heater
Shower Compartment


UNIQUE SELLING POINT


Executive Condominium with panoramic sea views



No ABSD



No Resale Levy for 2nd Timer



Up to $30k housing grant for 1st Timer



Normal Payment Scheme & Deferred Payment Scheme Available



2 mins to Downtown East; Wild Wild Wet



Proximity To Pasir Ris Beach & Pasir Ris Beach



Located Near Pasir Ris MRT & Bus Interchange



Short Drive to Changi International Airport, Singapore Expo, Changi City Point,
Tampines Regional Centre, Tampines Courts, Ikea & Giant



Near to International School – UWCSEA & Singapore’s 4th University (SUTD)



Wide Distance between the blocks

Person-in-charge

Contact No.:

Eric Hoe (Team Leader)
Ken Lam (2nd I/C)
Allen Khong (3rd I/C)
Kelvin Tan (Group Leader)
Clement Kuan (Group Leader)
Desmond Tan (Group Leader)
Jag (Group Leader)
Becks Lim (Group Leader)

96227570
90028631
93897333
98504499
83828585
92302153
94884904
98506655


MAS Notice 645 Total Debt Servicing Ratio &
MAS Notice 632 Residential Property Loan
With effect from 29 June 2013, Saturday

(Condensed presentation deck for external parties)

1

Highlights of new measures effective 29 June 2013

1.

Consider monthly repayments of new loan and all other debts.

2.

Applies to property loans for Singapore & overseas residential/nonresidential properties, to individuals or entities set up solely to purchase
property;

3.

Total debt servicing ratio (TDSR) is capped at 60%.

4.

Calculate new loan repayments using min 3.5% for residential property
loans;

5.

All borrowers to be mortgagors (OTP on or after 29 Jun 13);

6.

Guarantors to be co-borrowers;

7.

For joint borrowings, the income-weighted average age of borrowers to
be used;

8.

Haircut of at least 30% on variable income & rental; and

9.

Haircut on the value of financial assets if used in calculating income.

2

Applications of MAS Notice 645 & MAS Notice 632

Notice 645

Notice 632

Total Debt Servicing Ratio

Residential Property Loan

Exclusion

Application

TDSR for loan eligibility
•
•
•

•
•

LTV, tenor, income-weighted average age,
borrower to be mortgagor

Properties in Singapore & overseas
Residential, commercial, industrial
(including land, construction loan)
Individuals & entities set up specifically
to purchase properties

•
•

Singapore residential properties
Individuals and entities purchasing
properties.

Bridging Loan up to 6 months
Credit facility secured by pool of
collateral including property where the
market value of the subject property is <
50% of the pool of collateral

•

Credit facility granted by a bank to a
Property Developer to purchase
residential property for development.

3

Instalment
on subject
loan
3.5% for HL
Existing:
Statement

Instalment
(Single)

Apportion to
income
contribution
for existing
joint debts
(evidence of
joint’s income)

Min
Payment in
latest stmt
or interest on
full limit

Outstanding
in latest stmt
or interest on
full credit limit

Existing
Instalment
(Joint)

Credit Card

Secured
Revolving

(unsecured
revolving)

20% of
credit
facilities
(including
corporate)

Guarantor

Excluded MI of existing
property if buying HDB/EC
from developer
• 1st resi pty to be sold
• No o/s facility on any pty except
HL on 1st pty to be sold
• No other pty singly or jointly

HDB or
EC fr Dev

≤ 60%

Total Debt Servicing Ratio for PHL & HDB
Fixed

Variable

100% monthly
income
exclude
employer CPF

70% average
last 12 months
exc. employer
CPF; OR
70% NOA
divided by 12

Fixed +
Variable
100% Fixed +
70% Variable
OR
100% NOA
divided by 12

Rental

Assets
(unpledged)

70% if borrower
% deduction on
is the landlord.
value divide 48
Submit stamped
tenancy agreement % Deduction Pledge ≥ 4yr
for subject loan
with min 6 months

Unpledged /
Pledge < 4 yr

SGD Deposit

0%

70%

Non Pty Asset

30%

70%

Subject loan:
Interest at 3.5% for
residential loan
Existing Pty Loans:
Instalment in
statement

Apportion to income
contribution of
existing Property
Loan (evidence of joint
borrower’s income)

Existing
Instalment
(Joint)

Instalment
(Single)

Exclude instalment on
existing HDB if
• 1 residential pty to be sold
• No o/s facility on any pty
except HL on pty to be sold
• No other pty singly or jointly

HDB Refinancing
exc from MSR 30% cap
• OTP prior 12 Jan 13
• Only property
• Occupied by borrower
• No facility on other pty

HDB
Purchase

≤ 30%

Mortgage Servicing Ratio for HDB

Fixed

Variable

100% monthly
income
exclude
employer CPF

70% average
last 12 months
exc. employer
CPF; OR
70% NOA
divided by 12

Fixed +
Variable
100% Fixed +
70% Variable
OR
100% NOA
divided by 12

Rental

Assets
(unpledged)

70% if borrower
% deduction on
is the landlord.
value divide 48
Submit stamped
tenancy agreement % Deduction Pledge ≥ 4yr
for subject loan
with min 6 months

Unpledged /
Pledge < 4 yr

SGD Deposit

0%

70%

Non Pty Asset

30%

70%

Applications of MAS Notice 645 & MAS Notice 632

Notice 645

Notice 632

Total Debt Servicing Ratio

Residential Property Loan

Exclusion

Application

TDSR for loan eligibility
•
•
•

•
•

Properties in Singapore & overseas
Residential, commercial, industrial
(including land, construction loan)
Individuals & entities set up specifically
to purchase properties
Bridging Loan up to 6 months
Credit facility secured by pool of
collateral including property where the
market value of the subject property is <
50% of the pool of collateral

LTV, tenor, income-weighted average
age, borrower to be mortgagor
•
•

Singapore residential properties
Individuals and entities purchasing
properties.

•

Credit facility granted by a bank to a
Property Developer to purchase
residential property for development.

6

Income weighted average age (IWAA) is computed for joint
borrowings in order to determine tenure (guided by MAS 632)
Income of Younger Borrower >
Income of Older Borrower

Income of Younger Borrower <
Income of Older Borrower

Outcome

IWAA is lower
Loan tenure is longer

IWAA is higher
Loan tenure is shorter

IncomeWeighted
Average Age
(IWAA)

A age 30 earns $7,000 pm
B age 50 earns $3,000 pm

A age 30 earns $3,000 pm
B age 50 earns $7,000 pm

IWAA = (30 x $7K) + (50 x $3K)
$7K + $3K
= 36 years

IWAA = (30 x $3K) + (50 x $7K)
$3K + $7K
= 44 years

Loan Tenure

Max Tenure = 35 yrs (60% LTV)

Max Tenure = 31 Years (60% LTV)

Max age of 75 years less IWAA, capped
at 35 years. As 75 – 36 = 39 is higher
than cap, max is 35 years

Max age of 75 years less IWAA, capped
at 35 years. As 75 – 44 = 31 is lower than
cap, max is 31 years

Tenure for 80% LTV = 29 yrs

Tenure for 80% LTV = 21 years

Tenure ≤ 30 years & < age 65 on
maturity, i.e. tenure is 65 - 36 = 29 years

Tenure ≤ 30 years & < age 65 on
maturity, i.e. tenure is 65 - 44 = 21 years

Please refer to MAS
632 LTV chart
(next slide)

7

No change to LTV rules under MAS 632 for Singapore Properties for
New Purchase w.e.f. 12 Jan 13 (OTP/S&P Date)
No of Home
Loans including
this application
Loan
Tenure

Sum of Tenure
& Age of
Borrower

Up to
30 Yrs

31 to
35 Yrs

≤ 65
yrs

> 65
yrs

LoanTo-Value

80%

60%

Cash
Down
Payment

5%

10%

3rd & sub.
Home Loan

2nd
Home Loan

1st
Home Loan

Up to
30 Yrs

31 to
35 Yrs

≤ 65
yrs

> 65
yrs

60%

50%

30%

10%

25%

25%

Up to
30 Yrs

31 to
35 Yrs

≤ 65
yrs

> 65
yrs

30%

40%

20%

20%

25%

25%

25%

25%

(at application)

Note: LTV for corporate entities is 20%

8

Every $100K loan or $125K house price requires $750 monthly
income (max 80% LTV for 30 years tenure)
House Price

Loan Amount

Monthly Income

$

125,000

$

100,000

$

$

750,000

$

600,000

$

1,000,000

$

800,000

Every $
$100K loan
+$750 income

$

1,250,000

$

1,500,000

750
4,500

$

6,000

$ 1,000,000

$

7,500

$ 1,200,000

$

9,000

9

$1000 debt requires additional $1,670 monthly income to
support the commitment. Every $100K deposits will reduce
monthly income required by $625.
House Price

Loan Amount

Monthly
Income
(30 Yrs)

Monthly
Income with
$1000 Debt

Monthly Income
with $1K Debt +
$100K Deposits*

$125,000

$100,000

$750

$2,420

$1,795

$750,000

$600,000

$4,500

$6,160

$5,535

$1,000,000

$800,000

$6,000

$7,660

$7,035

$1,250,000

$1,000,000

$7,500

$9,160

$8,535

$1,500,000

$1,200,000

$9,000

$10,650

$10,025

* Deposits placed with a Singapore Bank and must show evidence of funds prior to the first loan drawdown
(latest bank statement prior to solicitor’s advice to drawdown)

10

Illustration No 1: For a first time private property buyer with
average household income of $10K and no debts, the buyer can
afford property priced 8% lower than before the TDSR rules.
Before

After

Household Income (S$)

10,000

10,000

Max monthly repayment with 60% TDSR

6,000

6,000

2.80%

3.50%

30

30

Max loan amount on $6K monthly repayment

1,460,225

1,336,165

Max 1st property value

1,825,285

1,670,210 (-8%)

1st Property Buyer, Max LTV 80%
Interest rate
Tenure (years)

11

Illustration No 2: For a 2nd time property buyer with an existing
home loan, the max property price he can afford is 8% less than
prior to the new rules
Household Income (S$)
Max monthly repayment with 60% TDSR

Before
10,000
6,000

After
10,000
6,000

Existing Home Loan
Loan Amount
Interest Rate
Tenure (years)
Monthly Repayment

800,000
1.30%
30
2,685

800,000
1.30%
30
2,685

2.80%
30
806,816
1,613,631

3.50%
30
738,270
1,476,539 (-8%)

2nd Property Buyer, Max LTV 50%
Interest rate
Tenure (years)
Max loan amount with existing HL $800K HL
Max 2nd property value

12

Disclaimer
The information provided herein is intended for general information and discussion purposes only. It does not
take into account the specific investment objectives, financial situation or particular needs of any particular
person.

Without prejudice to the generality of the foregoing, please seek advice from an independent financial and legal
adviser regarding the information provided herein taking into account your specific objectives, financial situation
or particular needs before you make a commitment to purchase any property and/or borrow from any entity or
institution to finance the purchase of the property. This does not constitute an offer or solicitation to provide loan
or financing to any particular person or to enter into a transaction.
No representation or warranty whatsoever (including without limitation any representation or warranty as to
accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without
limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should
not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct
any inaccuracy that may become apparent at a later time. All information presented is subject to change without
notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or
indirectly howsoever in connection with or as a result of any person acting on any information provided herein.
The information provided herein may contain projections or other forward looking statement regarding future
events or future performance of countries, assets or markets. Actual events or results may differ materially. Past
performance figures are not necessarily indicative of future or likely performance. Any reference to any specific
entity, authority, area, figures, property or asset class in whatever way is used for illustrative purposes only and
does not constitute a recommendation on the same.
This presentation and its contents are considered proprietary information and may not be reproduced or
disseminated in whole or in part without OCBC Bank’s written consent.

13

Instalment Factor Table
Monthly Instalment for every S$10,000 LOAN (Daily Reset)
Rates

Loan Period (year)
1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

35

1.00%

838

421

282

213

171

143

123

108

97

88

80

74

68

64

60

56

53

51

48

46

44

42

41

39

38

36

35

34

33

32

28

1.25%

839

422

283

214

172

144

124

110

98

89

81

75

69

65

61

57

54

52

49

47

45

43

42

40

39

38

36

35

34

33

29

1.50%

840

423

284

215

173

145

125

111

99

90

82

76

71

66

62

59

56

53

50

48

46

44

43

41

40

39

38

36

35

35

31

1.75%

841

424

285

216

174

146

127

112

100

91

83

77

72

67

63

60

57

54

52

49

47

46

44

43

41

40

39

38

37

36

32

2.00%

842

425

286

217

175

148

128

113

101

92

84

78

73

68

64

61

58

55

53

51

49

47

45

44

42

41

40

39

38

37

33

2.25%

844

427

288

218

176

149

129

114

102

93

86

79

74

69

66

62

59

56

54

52

50

48

46

45

44

42

41

40

39

38

34

2.50%

845

428

289

219

177

150

130

115

103

94

87

80

75

71

67

63

60

58

55

53

51

49

48

46

45

44

42

41

40

40

36

2.75%

846

429

290

220

179

151

131

116

105

95

88

82

76

72

68

64

61

59

56

54

52

51

49

47

46

45

44

43

42

41

37

3.00%

847

430

291

221

180

152

132

117

106

97

89

83

77

73

69

66

63

60

58

55

54

52

50

49

47

46

45

44

43

42

38

3.25%

848

431

292

222

181

153

133

118

107

98

90

84

79

74

70

67

64

61

59

57

55

53

51

50

49

48

46

45

44

44

40

3.50%

849

432

293

224

182

154

134

120

108

99

91

85

80

75

71

68

65

62

60

58

56

54

53

51

50

49

48

47

46

45

41

3.75%

850

433

294

225

183

155

136

121

109

100

93

86

81

77

73

69

66

64

61

59

57

56

54

53

51

50

49

48

47

46

43

4.00%

851

434

295

226

184

156

137

122

110

101

94

88

82

78

74

71

68

65

63

61

59

57

55

54

53

52

51

50

49

48

44

4.25%

853

435

296

227

185

158

138

123

112

102

95

89

84

79

75

72

69

66

64

62

60

58

57

55

54

53

52

51

50

49

46

4.50%

854

436

297

228

186

159

139

124

113

104

96

90

85

80

76

73

70

68

65

63

61

60

58

57

56

54

53

52

51

51

47

4.75%

855

438

299

229

188

160

140

125

114

105

97

91

86

82

78

74

72

69

67

65

63

61

60

58

57

56

55

54

53

52

49

5.00%

856

439

300

230

189

161

141

127

115

106

99

92

87

83

79

76

73

70

68

66

64

63

61

60

58

57

56

55

54

54

50

5.25%

857

440

301

231

190

162

143

128

116

107

100

94

89

84

80

77

74

72

69

67

66

64

62

61

60

59

58

57

56

55

52

5.50%

858

441

302

233

191

163

144

129

118

109

101

95

90

85

82

78

76

73

71

69

67

65

64

63

61

60

59

58

58

57

54

5.75%

860

442

303

234

192

165

145

130

119

110

102

96

91

87

83

80

77

74

72

70

68

67

65

64

63

62

61

60

59

58

55

6.00%

861

443

304

235

193

166

146

131

120

111

104

98

92

88

84

81

78

76

74

72

70

68

67

66

64

63

62

62

61

60

57

Figures are estimates and for reference ONLY

Date: __________

CASHFLOW ANALYSIS
Property

:

Property Price

_______________

Unit No.

:

_______________

_______________

Stamp Duty (Purchase Price x 3% -$5,400) (After Exercise S & P)

_______________

Legal Fee

_______________

ABSD (If Applicable)

______________

5% Booking/Option Fee

_______________ (Cash / Cheque)

15% Upon 8 Weeks

_______________ (Cash / CPF)

10% Disbursement (Foundation Work)

_______________ (Cash / CPF / Loan)

10% Disbursement (Concrete Framework)

_______________ (Cash / CPF / Loan)

5% Disbursement (Brick Walls)

_______________ (Cash / CPF / Loan)

5% Disbursement (Ceiling)

_______________ (Cash / CPF / Loan)

5% Disbursement (Doors & Window Frame)

_______________ (Cash / CPF / Loan)

5% Disbursement (Carpark)

_______________ (Cash / CPF / Loan)

25% Disbursement (Upon T.O.P)

_______________ (Cash / CPF / Loan)

15% Disbursement (Upon C.S.C.)

_______________ (Cash / CPF / Loan)

Total Cash

_______________

Total CPF

_______________

Loan Required

_______________ (_______% of Purchase Price)

Agent Name: _______________
Note: This is an ESTIMATE only.

HP: _______________

BUYER
Name(1):

NRIC NO.

Name(2):

NRIC NO

Correspondence Address:

Contact Number:

(H)

(HP)

(O)

Solicitor’s Name & Address (if applicable):
Attention to:

Contact No.:

Special Instructions:

Agent’s Signature &
Date:

FOR OFFICE USE
CSO

Page 2 of 2

OTP Form

Comm Agrmt

Co-broke Agrmt

Booking Form

Pink Form FIN-FM-13.00 11/12/09

AUTHORISATION FORM
I / We _____________________________________ (Applicant 1) of NRIC No.: __________________,
__________________________________________ (Applicant 2) of NRIC No.: __________________,
Hereby authorize __________________________________________________ (Salesperson’s name)
___________________________ (CEA No.) ____________________________ (Handphone No.) from
PropNex Realty Pte Ltd, to submit my/ our e-application for Sea Horizon using my/ our NRIC(s),
payslip(s), and/or other relevant documents to prove eligibility.

I/ We are aware that the Developer reserves the right to reject the application if there are insufficient
supporting documents to determine eligibility or if we do not meet the eligibility requirements.
I/ We are aware that I/ We (or our appointed Proxy) have to be physically present to make a booking
on the booking day.

Dated this ____________ day of _________________ 20_____
Signature of Applicant 1:


_____________________________
Name/ NRIC:
Date:

______________________________
Name/ NRIC:
Date:



_____________________________
Name/ NRIC:
Date:

______________________________
Name/ NRIC:
Date:

PROXY FORM
This Proxy Form is to be used if you nominate an adult family member to attend to a booking of an
executive condominium flat on your behalf at Sea Horizon EC.
To :

Hao Yuan Investment Pte Ltd (“the Developer”)

Dear Sirs,
APPLICATION FOR AN EXECUTIVE CONDOMINIUM FLAT AT SEA HORIZON EC (“the EC Unit”)
I, ____________________ (NRIC No: _______________) of _____________________________
(address) wish to apply for the EC Unit with my co-applicant ______________________________,
(NRIC No: _______________) of __________________________________________ (address).

I/We would like to appoint *Mr/Mdm/Miss ____________________________, (NRIC No: ____________)
of ______________________________________________ (address) (“the Proxy”), who is my/our
_________________ (state relationship), to do the following on my/our behalf in respect of the EC Unit:a.
b.
c.

book an EC Unit;
complete any documents/forms which are required by the Developer;
acknowledge receipt of the Option to Purchase (“Option”) (if and when it is issued) from you.

I/We hereby irrevocably authorise the Proxy to act on my/our behalf to fufill and complete the above
tasks until you have received written confirmation from me/us otherwise. I/We will bear full
responsibility if the Proxy fails to perform any of the above as authorised by me/us and I/We shall
indemnify and at all times keep you indemnified in the event of any losses, damages, actions, claims,
costs and expenses whatsoever that may arise in relation to this appointment.
I/We also understand that:a.
by authorising the Proxy to complete any documents/forms which are required by the
Developer, any choices made by the Proxy would be officially binding on me/us, without
prejudice to paragraph (e) below;
b.
no amendments to the Option to Purchase will be allowed once my/our name(s) is/are
inserted on the Option to Purchase;
c.
only I/we am/are entitled to exercise the Option and I/we am/are not allowed to nominate any
other person to exercise the Option on my/our behalf;
d.
the Developer has the final discretion to accept or reject my/our booking of an EC Unit in the
event of any dispute which may arise in relation to this appointment; and
e.
I am/We are to personally sign the Sale and Purchase Agreement in respect of the EC Unit
and all side letters or documents that may be required by the Developer, and not my/our
Proxy; in the event of any discrepancy or conflict between my co-applicant’s and my/our
Proxy’s submission, the Developer will have the full and unfettered discretion to reject my/our
application; and
f.
the Proxy is required to produce his/her original NRIC upon request by the Developer.
g.
Forfeiture will apply should sales be terminated prematurely by the purchasers.

Yours faithfully

Name and signature of Applicant(s)

Name and signature of Applicant(s)

Date: ________________________________
*Please note that only adult family members/relatives of the applicant(s) can be appointed as the Proxy. Marketing agents or
housing agents will not be allowed to be proxies of the applicant(s).

SEA HORIZON

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