Condominium ownership is often viewed as a financial milestone. In reality, it is a capital-intensive commitment that extends far beyond the downpayment.
This article outlines the structural cost framework of condo ownership — including acquisition, financing, recurring expenses, tax exposure and opportunity cost — using Singapore (2026 conditions) as a working dataset.
Regardless of country, these are the primary drivers of long-term ownership exposure.
The following figures reflect typical private condominium ownership conditions in Singapore as of 2026.
A mid-tier condominium unit may cost between SGD $1,200,000–$1,800,000 depending on location and size. With a 25% downpayment requirement, upfront capital may range from SGD $300,000–$450,000.
Buyer’s Stamp Duty and legal costs may add SGD $30,000–$60,000 depending on purchase price.
For the exact structure and what changes your payable amount, see: BSD & ABSD explained.
Over five years, interest payments may total SGD $100,000–$250,000 depending on loan size and rate environment.
For the 25–30 year perspective (and why small rate moves matter), see: Mortgage Interest Cost in Singapore.
Monthly maintenance fees often range between SGD $300–$600, translating to SGD $18,000–$36,000 over five years.
If the condominium is not owner-occupied (e.g., rented out or held for investment), progressive non-owner-occupied tax rates apply. These rates are significantly higher than owner-occupied rates.
Depending on Annual Value, property tax may range between SGD $5,000–$15,000 annually, resulting in approximately SGD $25,000–$75,000 over five years.
Initial renovation may cost SGD $40,000–$100,000 depending on scope and finish.
Plan the cash shock properly: Renovation Cost in Singapore (framework + hidden items).
Capital tied up in downpayment, stamp duty and renovation could have been invested elsewhere. Over five years, foregone returns may reach significant levels depending on assumed investment returns.
| Category | Estimated 5-Year Exposure (SGD) |
|---|---|
| Downpayment & Acquisition | $300,000 – $450,000 |
| Stamp Duty & Legal | $30,000 – $60,000 |
| Mortgage Interest | $100,000 – $250,000 |
| Maintenance Fees | $18,000 – $36,000 |
| Property Tax (Non-Owner-Occupied) | $25,000 – $75,000 |
| Renovation | $40,000 – $100,000 |
| Opportunity Cost | $50,000 – $150,000 |
| Total 5-Year Capital Exposure | $563,000 – $1,121,000+ |
Condo ownership amplifies both upside and downside through financial leverage.