Frequently Asked
Questions

Yes. Foreigners are eligible to purchase condominium property (non-landed) in Singapore. Thomson Reserve, as a condominium development, is open to foreign buyers. The applicable residential Additional Buyer's Stamp Duty (ABSD) rate for foreigners is 60% on first and subsequent properties, except for nationals of countries with FTA provisions (USA, Switzerland, Norway, Iceland, Liechtenstein) who are treated the same as Singapore Citizens for their first property.

Yes. Singapore Permanent Residents (PRs) are eligible to purchase private condominium property. The applicable ABSD rate for a PR's 1st property is 5% and 30% for a 2nd property. PRs who hold a valid pass are also subject to loan-to-value limits that may differ from citizens.

Citizens of USA, Switzerland, Norway, Iceland and Liechtenstein are exempt from ABSD on their first residential property in Singapore, under the respective Free Trade Agreements (FTAs). This means they are treated the same as Singapore Citizens and pay 0% ABSD on their first residential purchase.

The minimum downpayment is 25% of the purchase price if you have no existing home loans. Of this, at least 5% must be in cash; the remaining 20% may be paid using CPF Ordinary Account savings. The remaining 75% can be financed via a bank loan, paid progressively according to construction milestones.

New launch condominiums in Singapore use a Progressive Payment Scheme (PPS). Payments are tied to construction milestones:

The maximum Loan-to-Value (LTV) ratio depends on the number of existing home loans you have:

• No existing home loans: LTV up to 75%; minimum downpayment 25% (min. 5% in cash)

• 1 existing home loan: LTV up to 45%; minimum downpayment 55% (min. 25% in cash)

• 2 or more existing home loans: LTV up to 35%; minimum downpayment 65% (min. 25% in cash)

Note: If you are holding an outstanding HDB loan, LTV is also capped at 80% for a private property purchase.

Buyer's Stamp Duty (BSD) applies to all property purchases in Singapore regardless of residency status:

• First S$180,000: 1%

• Next S$180,000: 2%

• Next S$640,000: 3%

• Next S$500,000: 4%

• Next S$1,500,000: 5%

• Amount exceeding S$3,000,000: 6%

Example: For a S$2M property, BSD = S$1,800 + S$3,600 + S$19,200 + S$20,000 = S$44,600

Additional Buyer's Stamp Duty (ABSD) rates (effective 2024–2025):

Singapore Citizens:

• 1st residential property: 0%

• 2nd residential property: 20%

• 3rd and subsequent: 30%

Singapore PRs:

• 1st residential property: 5%

• 2nd residential property: 30%

• 3rd and subsequent: 35%

Foreigners:

• Any residential property: 60%

Entities:

• Any residential property: 65%

ABSD remissions may apply in specific circumstances:

Married Couples (SC + PR or SC + Foreigner): If a married couple jointly purchases a 2nd residential property and one spouse is a Singapore Citizen with no other residential properties, a partial ABSD remission may be available, subject to conditions including selling the first property within 6 months of TOP / completion.

SC seniors aged 55+: A single Singapore Citizen aged 55 or above who purchases a lower-value second property after 16 February 2024 may apply for an ABSD refund under the Right-sizing scheme, subject to conditions.

Seller's Stamp Duty (SSD) applies if you sell a residential property within 4 years of purchase (effective from 4 July 2025 onwards):

• Sold within 1 year: 16%

• Sold within 2 years: 12%

• Sold within 3 years: 8%

• Sold within 4 years: 4%

• Sold after 4 years: 0%

Note: Given Thomson Reserve's expected TOP in February 2031, most buyers holding from purchase to TOP will not be subject to SSD if they sell post-TOP, as the 4-year holding period would typically be satisfied by then.

For a first property, you may use your CPF Ordinary Account (OA) savings up to the lower of the property's purchase price or the valuation limit. There is no requirement to set aside the Basic Retirement Sum (BRS) for a first property.

For a second property, you may only use CPF OA savings after setting aside the current BRS in your CPF. The BRS is a specific dollar amount that must remain in your CPF RA before you can use the balance for property.

CPF usage is also limited by the Valuation Limit (VL) and Withdrawal Limit. For private residential properties with a 99-year lease, CPF usage may be restricted depending on the remaining lease at the time of purchase.

The Thomson Reserve showflat preview is targeted for October 2026. Official pricing, floor plans and unit allocation will be released at the preview. Pre-register now to secure a private viewing slot and receive pricing information before the general public.

Thomson Reserve is located at 1, 3, 5, 7, 9 & 11 Bright Hill Drive, Singapore — in District 20 (Upper Thomson). The development is a 2-minute walk from Upper Thomson MRT Station (TEL Exit 2), via a dedicated covered walkway. Thomson Plaza is just 5 minutes' walk away.

Thomson Reserve is developed by Tamarind Development Pte. Ltd. — a joint venture between three SGX-listed property groups: UOL Group Limited, Singapore Land Group Limited (SingLand) and CapitaLand Development Pte. Ltd. Together they have an unmatched track record of delivering quality residential developments across Singapore.

The expected Temporary Occupation Permit (TOP) date is 28 February 2031. This is subject to construction progress and any regulatory approvals. Buyers will be notified of any changes through official developer communications.

Thomson Reserve comprises 1,268 total units across 6 towers (4 x 21-storey Classic Collection towers + 2 x 30-storey Luxury Collection towers). Unit types range from 2-Bedroom to 5-Bedroom Suite, including options with private lifts for the larger Luxury Collection configurations.

84% of units (1,066 units) are 2 and 3-bedroom homes. 16% (202 units) are premium 4 and 5-bedroom Luxury Collection homes.

Thomson Reserve is a 99-year leasehold development, with the lease commencing 14 July 2026. This is standard for Government Land Sales (GLS) in Singapore. The site is located within the established and well-connected Upper Thomson neighbourhood of District 20.