How Do You Finance a Strata Office at The Golden Mile?

Published 7 October 2026

The Short Answer for The Golden Mile

A strata office at The Golden Mile is financed with a commercial property loan, set by each bank against the borrower and the use of the unit, typically up to about 80% for an investment and up to about 90% for an owner-occupier. The loan is drawn progressively during construction, and GST is paid in cash.

The ranges in this article are indicative, as at October 2026; confirm with your bank.

Loan-to-Value at The Golden Mile

There is no fixed regulatory loan-to-value cap for commercial property. Each bank sets its own limit, and it follows the use: an operating business buying premises it will occupy is generally offered the highest ratio, because the bank is lending against a business that will occupy and maintain the space, while an investment let to a tenant is usually capped lower.

With a fresh 99-year lease from November 2024, the remaining lease at The Golden Mile comfortably supports a full-length loan. The commercial loan page sets out the ranges.

Who Borrows for The Golden Mile

Individuals, sole proprietors and companies can all borrow. For individual borrowers, including those who set up a company solely to buy, the Total Debt Servicing Ratio framework applies and the bank assesses personal income against the 55% ceiling. A company is assessed on its financial statements and track record. CPF savings cannot be used for a commercial purchase.

How the Loan Is Drawn at The Golden Mile

The first 20% of the price, due over the eight-week S&P period, comes from the buyer’s own funds at 80% loan-to-value; the bank then pays each construction instalment as it falls due. At 90%, the bank also funds part of the upfront amount at completion of the sale, once the mortgage is in place, reducing the cash needed to secure the unit. Interest is charged only on what has been drawn.

On the illustrative $3,000,000, the cash to secure a unit is $777,600 at 80% and $477,600 at 90%, including GST, Buyer’s Stamp Duty and a $4,000 legal fee. The purchase calculator shows both.

Interest During Construction at The Golden Mile

Because the loan is drawn stage by stage, interest during construction is charged only on the amount drawn so far. On the illustrative $3,000,000 at 80%, nothing is drawn until the foundation stage; each later stage adds to the balance, and the monthly repayment rises until the full loan is drawn at completion. The purchase calculator shows the interest, principal and repayment row by row at the rate entered.

Buyers often check the rate that applies after any lock-in period, not just the headline rate, since a construction-period loan may run several years before the building is complete.

Company or Personal Name at The Golden Mile

The choice of borrower shapes the loan. A company with a trading history is assessed on its accounts and may find an owner-occupier loan straightforward; an individual is assessed under the Total Debt Servicing Ratio framework against personal income and existing debts. The same choice also affects GST recovery and, later, how the unit is held, so it is worth settling with a bank and an adviser before an option is taken.

The Sales Concierge can walk through the figures for The Golden Mile at a sales gallery appointment.

Before an option is taken, an in-principle approval from a bank fixes the loan amount the plan can rely on. The purchase calculator then shows the cash needed in the first eight weeks, the stages the loan covers and the monthly repayment at the chosen tenure, all at an illustrative price that can be changed to match the unit on the price list.

Preparing to Borrow for The Golden Mile

Before taking an option, a buyer usually obtains a bank’s indication on the loan, since the letter of offer should be signed by the time the Sale & Purchase Agreement is exercised. The Sales Concierge can walk through the payment scheme and the figures at a sales gallery appointment.