How much downpayment for Lucerne Grand?
Minimum 25% for first property loan. At least 5% must be cash. On S$1.55M 2BR: S$77,500 cash + S$310,000 CPF/cash = S$387,500 total downpayment.
Lucerne Grand Downpayment Breakdown
Understanding the full cash requirement before committing to Lucerne Grand is essential. Downpayment structure differs based on existing property loans.
| Unit | Price | 5% Cash | 20% CPF/Cash | Total DP |
|---|---|---|---|---|
| 1BR+Study | S$1.2M | S$60,000 | S$240,000 | S$300,000 |
| 2BR | S$1.55M | S$77,500 | S$310,000 | S$387,500 |
| 3BR | S$2.1M | S$105,000 | S$420,000 | S$525,000 |
| 4BR | S$2.8M | S$140,000 | S$560,000 | S$700,000 |
| 5BR | S$3.5M | S$175,000 | S$700,000 | S$875,000 |
Based on first property loan (75% LTV). Second property (45% LTV) requires higher cash outlay.
Progressive Payment Scheme
Lucerne Grand uses Progressive Payment tied to construction milestones from booking to TOP (est. 2030), spreading the cash outflow over ~4 years.
| Stage | % of Price |
|---|---|
| Booking fee (OTP) | 5% |
| S&P signing | 15% (net of booking) |
| Foundation | 10% |
| RC Framework | 10% |
| Partition walls | 5% |
| Roofing | 5% |
| Doors/windows/M&E | 5% |
| TOP (Vacant Possession) | 25% |
| Legal completion | 15% |
| Strata Title | 5% |
Second Property Buyers
If you hold one existing loan, LTV drops to 45% — raising downpayment to 55% with 25% mandatory cash. On S$1.55M that is S$387,500 cash minimum. Consider decoupling or selling first.
Get the latest pricing & floor plans — WhatsApp Alvin now
wa.me/6584888648
Alvin Tan | CEA Reg. No. R072324C | ERA Realty Network Pte Ltd (L3002382K)
Get the latest pricing & floor plans — WhatsApp Alvin now
wa.me/6584888648
Alvin Tan | CEA Reg. No. R072324C | ERA Realty Network Pte Ltd (L3002382K)
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