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.

Private Purchase Planner · New Sale

Your new-launch payment plan, stage by stage

Upfront cost with duties, the legal and construction timelines on real dates, and the full progressive payment waterfall — cash, CPF, and loan.

Purchase details

Purchase price

ABSD profile

ABSD rate: 0%

LTV

Enter a percentage or a fixed loan amount — the other updates automatically.

Loan tenure

Extended loan tenure

Loan ending past 65 (up to age 75 / 35 yrs). LTV drops to 55% and minimum cash rises to 10%.

Off — standard 75% LTV, 5% min cash

CPF available

Est. interest rate (p.a.)

Date of OTP issued

Current construction stage

Where the project physically is today — drives the build timeline below.

Enter a purchase price to see the cost breakdown and payment schedule.

How 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.

Could you ride out a job loss after buying?

Planning the purchase is only half the picture. See how many months your cash reserves would carry the mortgage if your income stopped — and how much you’d rebuild over four years if it doesn’t.

Open the Safety Net Calculator →

Disclaimer

The tools on this page provide estimates for general reference only and do not constitute financial, legal, tax, or investment advice. Calculations are based on prevailing MAS, IRAS, HDB, and CPF rules and rates at the time of publication, which may change without notice. Actual figures — including loan eligibility, interest rates, stamp duties, and CPF usage — depend on your specific circumstances and the final assessment of banks, IRAS, and other relevant authorities. TRIBE makes no warranty as to the accuracy or completeness of any output and accepts no liability for decisions made in reliance on these tools. Please verify all figures with the relevant institutions or a qualified professional before committing to any transaction.