Private Purchase Planner · New Sale
Your new-launch payment plan, stage by stage
Buying under construction means the Progressive Payment Scheme: 20% in the first eight weeks, the loan drawn down as the building rises, and an instalment that ramps instead of landing all at once.
The purchase
Not sure what price you can afford?
Run your income through the Affordability Assessment first.
Check my budgetHow new-launch payments actually flow
A building-under-construction purchase front-loads commitment and back-loads cash flow. In the first eight weeks you put down 20% (5% strictly cash) and pay BSD plus any ABSD. Then nothing happens for months. From foundation onward, the developer calls for payment as each stage certifies; your equity is consumed first, after which the bank disburses the loan progressively.
The instalment ramp is the part buyers underestimate in both directions: early on you pay a few hundred dollars a month on a small drawn balance — easy to dismiss as painless — but each stage steps it up, and TOP alone draws 25% of the price. Plan against the peak instalment at CSC, not the foundation-stage number. Your income must clear TDSR on the full loan from day one — banks assess the whole quantum, not the drawn balance. Check that with the Affordability Assessment, and the duties with the Buyer's Stamp Duty Calculator.
Frequently asked questions
- How does the Progressive Payment Scheme work for new launches?
- Payments follow construction: 5% booking fee in cash at OTP, 15% on exercising the S&P within 8 weeks, then 10% at foundation, 10% at reinforced concrete, 5% each at partition walls, ceiling, doors/windows/wiring, and car park/roads, 25% at TOP, and 15% at CSC. The percentages are standard under the Housing Developers Rules.
- When do I pay stamp duty on a new launch?
- Buyer's Stamp Duty — and ABSD if applicable — is due within 14 days of exercising the Sale & Purchase Agreement, which is within the first two months of the purchase. It cannot wait for TOP: on a $2M purchase a Singapore Citizen first-timer pays $69,600 of BSD up front alongside the 15% exercise payment.
- When does my home loan start for a building-under-construction unit?
- The bank disburses progressively, only after your full downpayment (25% for a first loan at 75% LTV) is used up — typically partway through the foundation stage. Your monthly instalment is charged on the drawn balance only, so it starts small (a few hundred dollars) and ramps with each stage, reaching the full amount at CSC.
- Is buying new sale easier on cash flow than resale?
- In instalment terms, yes: a resale loan starts at the full monthly from day one, while a BUC loan ramps over roughly four years — and if you are renting meanwhile, the early months are cheaper than a full mortgage. The trade is the wait, and the 20% plus duties needed in the first eight weeks.
Indicative only. Stage timing follows the developer's actual construction progress; deferred payment schemes (EC) differ. Confirm duties with IRAS and financing with your bank. Not financial advice.