Brand-New EC Purchase Planner
Your EC price, mapped payment by payment
Price first: key in the EC you want and we lay out the 5% cash booking, the downpayment, BSD, the bridging loan your current flat can support, and the chronological order of payments under the progressive or deferred scheme. Solving for a budget instead? Use the EC affordability planner.
Instalments ramp up from the construction stages.
Purchase
Financing
Funds
Your current HDB (bridging)
How this planner works — the order of payments, bridged
A new EC is paid in a fixed chronological order, and the order is the whole game. Your equity — the price minus the loan — is consumed first: the 5% booking in hard cash that CPF cannot touch, then the 15% on exercising the S&P (CPF and grants allowed), then the early construction stages. Only once your own funds are exhausted does the bank start disbursing, stage by stage, against the later milestones. Instalments are charged only on the drawn balance, so the monthly payment ramps up as construction progresses — which is why we show a monthly figure against each step, and why the number that matters is the peak, not the first. BSD sits outside that waterfall: it is due within 14 days of exercising and never draws the loan.
For HDB upgraders, the awkward truth is that the money for the downpayment is usually locked inside the flat they have not yet sold. ABSD is remitted upfront for eligible EC buyers — with an undertaking to dispose of the flat within six months of TOP — but remission does not produce cash. A bridging loan does: banks lend up to 85% of your current flat's market value minus the outstanding loan, covering the gap between booking and your sale proceeds landing, and it is repaid in full from those proceeds at completion. This planner sizes that eligibility from your own estimate of the flat's value — be honest with it, because the bank's valuer will be.
The scheme choice is a financing trade, not a discount. The Deferred Payment Scheme buys roughly three years of zero outgoings after the 20% upfront — useful when you are servicing an existing mortgage while the EC is built — but it costs a 2–3% price premium, makes zero progress on the principal until TOP, and lands the full instalment in one step rather than a ramp. And it is a closing window: DPS was removed for EC sites with tenders closing from 8 May 2026, so only the launch-ready old-framework projects still offer it. If you are solving for what price fits rather than mapping a known one, start with the EC affordability planner and bring the answer back here.
Frequently asked questions
- How is a bridging loan sized for an EC purchase?
- Banks lend up to 85% of your current flat's market value minus its outstanding loan. The bridging loan covers the downpayment gap between booking your EC and receiving your flat's sale proceeds, and is repaid in full from those proceeds when the sale completes — it is short-term financing, not part of your mortgage.
- How do the DPS and NPS payment schedules differ?
- Under the Normal Progressive Scheme you pay 20% upfront (5% cash booking + 15% on exercising the S&P), then 5–10% at each construction stage, 25% at TOP, and 15% at CSC — your loan disburses progressively and instalments ramp up from the construction stages. Under the Deferred Payment Scheme you pay the same 20% upfront, then nothing until TOP, when 65% falls due, with the final 15% at CSC. DPS was removed for EC sites with tenders closing from 8 May 2026; only the launch-ready old-framework projects still offer it, typically at a 2–3% price premium.
- How much cash must I pay at booking?
- At least 5% of the purchase price in hard cash for the booking fee — CPF OA and housing grants cannot substitute for it. The next 15%, due on exercising the S&P, can be paid with CPF and grants.
- Do I pay ABSD on my existing HDB flat when buying a new EC?
- No — eligible EC buyers receive upfront ABSD remission. HDB upgraders sign an undertaking to dispose of their existing flat within six months of the EC reaching TOP. BSD applies as normal and is due within 14 days of exercising the S&P.
- When do my monthly instalments start under each scheme?
- Under NPS, instalments begin once your equity (cash + CPF + grants) is exhausted and the bank starts disbursing — typically from the foundation stage around month 9 — and ramp up with each drawdown to the peak after CSC. Under DPS, the loan disburses only at TOP, so instalments start around month 39 but arrive at close to the full amount at once.
Indicative only. Stage timings are industry-typical estimates; actual schedules depend on the developer's construction progress. EC eligibility, grants, and ABSD remission are determined by HDB and IRAS; bridging and mortgage financing are subject to bank approval and valuation under prevailing MAS rules. Measures described per MND's 8 May 2026 announcement. Not financial advice.