Financing a strata office or medical suite at The Golden Mile is a commercial loan, set by each bank against the borrower and the intended use of the unit. This page outlines how banks approach it.
Loan-to-Value for The Golden Mile
There is no fixed regulatory loan-to-value ceiling for commercial property; each bank sets its own limit, and it follows the use of the unit. Owner-occupiers, buying for a business that will operate from the premises, are generally treated most favourably, because the bank is lending against an operating business that will occupy and maintain the space.
| Situation | Indicative loan-to-value |
|---|---|
| Owner-occupied by the purchasing business | up to about 90% |
| Investment, leased to a tenant | up to about 80% |
Indicative ranges only; confirm with your bank. Each bank assesses the borrower, the unit and the purpose.
Who Can Borrow for The Golden Mile
Individuals, sole proprietors and companies can all finance a strata office. For individual borrowers, including those setting up a company solely to buy, the Total Debt Servicing Ratio framework applies and the bank assesses personal income. A company is assessed on its financial statements and track record instead.
Loan tenures are commonly up to 25 to 30 years. With a fresh 99-year lease from November 2024, the remaining lease at The Golden Mile comfortably supports a full-length loan. CPF savings cannot be used; funding comes from cash and the bank loan.
How the Loan Is Drawn at The Golden Mile
Because The Golden Mile is under construction, the bank disburses progressively. The first 20% of the price, due across the eight-week S&P period, is paid from the buyer’s own funds at 80% loan-to-value; the bank then funds each construction instalment as it falls due. At 90%, the bank also draws part of the upfront amount at completion of the sale, once the mortgage is in place, which lowers the cash needed to secure the unit. GST on every instalment is paid in cash.
The purchase calculator shows the drawdown and repayment at each loan-to-value, and the payment scheme page lists the stages.
| Regulatory LTV cap | None for commercial property; set by each bank |
| TDSR | Applies to individual borrowers (55%); companies assessed on financials |
| CPF | Cannot be used |
| Typical tenure | Up to 25 to 30 years |
| Disbursement | Progressive, stage by stage during construction |
Indicative — confirm with your bank and MAS guidance before commitment.
Talk Through The Golden Mile Financing
The Sales Concierge sends the floor-plan brochure, the current price list and unit availability for The Golden Mile, and arranges a private session at the sales gallery at a time that suits you.
What the Sales Concierge sends
- The full project details and the floor-plan set on the floor plan page.
- The current price list and the balance units chart by level.
- The e-brochure and the level-by-level stacking plan.
- A private sales gallery appointment and a walk-through of the purchase calculator.
Register Your Interest
No obligation. The Sales Concierge responds personally to every enquiry.
To talk it through instead, call +65 6200 6220 or send a WhatsApp message to the same number.