What is the progressive payment scheme?

For new launch private homes under construction, you pay the developer in stages as construction progresses: 5% when the Option to Purchase is granted, 15% on signing the Sale and Purchase Agreement, then 10% foundation, 10% reinforced concrete framework, 5% partition walls, 5% roofing, 5% door and window frames, wiring, plastering and plumbing, 5% car park, roads and drains, 25% at TOP and 15% at completion (CSC).

How much cash do I need for a new launch condo?

With a first housing loan at 75% loan-to-value, at least 5% of the price must be paid in cash (the booking fee). The remaining 20% downpayment can be cash or CPF Ordinary Account savings. For a second or subsequent housing loan, at least 25% must be paid in cash. Stamp duty is payable on top, shortly after signing.

When does my bank loan start being drawn?

Once your downpayment has been fully paid. With a 75% loan, the first 25% of the price is covered by cash and CPF, so the loan usually starts partway through the foundation stage. You pay interest only on the amount disbursed so far, so instalments rise as construction progresses.

Progressive Payment Calculator Singapore (New Launch Condo)

Purchase price (S$) Housing loan Loan tenure (years) Your age (oldest borrower) Interest rate (% p.a.) Buyer profile (for stamp duty) This will be my

Max bank loan —

Minimum cash—

Cash or CPF—

Stamp duty (BSD + ABSD)—

Stage	%	Amount	Paid by	Loan drawn	Est. monthly

Estimate only. Instalments are approximated on the loan disbursed so far, over the full tenure, at the rate you enter — replace it with your bank's quote. LTV limits follow MAS rules for individual borrowers; the lower limit applies when the tenure exceeds 30 years or age plus tenure exceeds 65. *Stamp duty may need to be paid in cash first and reimbursed from CPF afterwards. Your bank, lawyer and the developer's payment notices are the final word.

The stages, in plain English

New launch homes in Singapore are sold on the progressive payment scheme set out in the Housing Developers Rules. You don't pay the full price upfront — you pay in instalments as the building goes up:

Stage	% of price	When
Option to Purchase (booking fee)	5%	On booking day
Sale & Purchase Agreement	15%	Within 8 weeks of the OTP
Foundation	10%	Upon completion of the stage
Reinforced concrete framework	10%	Upon completion of the stage
Partition walls	5%	Upon completion of the stage
Roofing	5%	Upon completion of the stage
Door & window frames, wiring, plastering, plumbing	5%	Upon completion of the stage
Car park, roads & drains	5%	Upon completion of the stage
Temporary Occupation Permit (TOP)	25%	When you collect keys
Certificate of Statutory Completion (CSC)	15%	At legal completion

Each construction-stage payment is due within 14 days of the developer's notice. Stamp duty is separate and falls due shortly after you sign the S&P — use the stamp duty calculator for a detailed BSD and ABSD breakdown. For what happens on the day itself, see how new launch booking day works.

How much cash vs CPF vs loan?

Housing loan	Max LTV	Min. cash	Cash or CPF
1st loan	75% (55%*)	5% (10%*)	20% (35%*)
2nd loan	45% (25%*)	25%	30% (50%*)
3rd or more	35% (15%*)	25%	40% (60%*)

*Lower limits apply if the loan tenure is longer than 30 years, or the tenure plus the borrower's age goes past 65. Executive condominiums follow a similar staged schedule; check the specific EC's payment terms with me before you book.

Run the numbers on a live launch

Plug in a unit price from any of the projects in my New Launches list — PropNex is an appointed marketing agency for all of them. A few with their own project pages, price guides and floor plans:

Terra HillFreehold · Pasir Panjang Thomson ReserveUpper Thomson One Marina GardensMarina South Hudson Place ResidencesOne-North Lentor Gardens ResidencesLentor Coastal Cabana ECExecutive condominium

Common questions

Can I use CPF for the 5% booking fee?

No — the 5% paid when the Option to Purchase is granted is paid in cash. CPF Ordinary Account savings can generally be used from the 15% S&P payment onwards, up to your CPF limits.

Why do my monthly instalments keep going up?

Because the bank only disburses the loan stage by stage. You pay instalments on what has been drawn so far, so your monthly payment climbs as construction moves on and reaches its full amount around TOP and CSC.

Is this schedule the same for every new launch?

The percentages are standard for private homes sold under construction, but the timing of each stage depends on the developer's construction progress. Some developers also run promotions such as deferred payment schemes on selected units — always check the actual payment terms for your unit.

Looking at a specific unit? I'll put together a full payment plan — cash, CPF, loan, stamp duty and timeline — for your situation.

Talk to Daniel

Progressive Payment Calculator for Singapore New Launches

The stages, in plain English

How much cash vs CPF vs loan?

Run the numbers on a live launch

Common questions