Progressive Payment Calculator (New Launch)
Free Property Tools › Progressive Payment Calculator
Free Tool · YouHome.sg
A new launch is paid in stages as it's built, not all at once. Enter your price and profile below to see what's due at each construction milestone, your cash-and-CPF split, your stamp duties, and how your monthly instalment steps up as the loan draws down.
New-launch condo & EC
See your full payment schedule stage by stage, your cash-and-CPF split, and your estimated stamp duties.
Enter your unit's price in S$.
Sets the ABSD rate. Confirm the current rate on the IRAS ABSD page.
Max 75% for a first housing loan. Confirm on the MAS LTV page.
Up to 35 years (private). Longer tenures or an older borrower can lower the max LTV.
An editable estimate for illustration — check current bank packages.
Purchase price
S$2,000,000
Loan amount (75%)
S$1,500,000
Downpayment
S$500,000
5% cash + balance cash/CPF
Cash at OTP (5%)
S$100,000
Booking fee, cash only
Est. monthly after CSC
S$7,509
Full instalment, once fully drawn
Total stamp duty
S$69,600
BSD only — no ABSD for this profile
| Stage | % | Amount |
|---|---|---|
| Booking fee (OTP) · Cash | 5% | S$100,000 |
| Signing S&P (within 8 weeks) · Cash / CPF | 15% | S$300,000 |
| Foundation completed · Cash/CPF → loan | 10% | S$200,000 |
| Reinforced-concrete framework · Bank loan | 10% | S$200,000 |
| Partition walls · Bank loan | 5% | S$100,000 |
| Roofing / ceiling · Bank loan | 5% | S$100,000 |
| Doors, windows, wiring, plastering · Bank loan | 5% | S$100,000 |
| Car parks, roads & drains · Bank loan | 5% | S$100,000 |
| TOP — keys handed over · Bank loan | 25% | S$500,000 |
| CSC — legal completion · Bank loan | 15% | S$300,000 |
| Total | 100% | S$2,000,000 |
Milestone percentages are set by the Housing Developers Rules and are the same for every licensed developer. Confirm the exact schedule in your Sale & Purchase Agreement.
| Stage | Loan drawn | Monthly instalment* |
|---|---|---|
| Foundation completed | S$100,000 | S$501 |
| Reinforced-concrete framework | S$300,000 | S$1,502 |
| Partition walls | S$400,000 | S$2,002 |
| Roofing / ceiling | S$500,000 | S$2,503 |
| Doors, windows, wiring, plastering | S$600,000 | S$3,004 |
| Car parks, roads & drains | S$700,000 | S$3,504 |
| TOP — keys handed over | S$1,200,000 | S$6,007 |
| CSC — legal completion | S$1,500,000 | S$7,509 |
*The instalment on the loan drawn so far, spread over your chosen tenure — it steps up each time a milestone is certified and more of the loan is released, reaching its full amount after CSC. You do not service the full loan from day one. Some construction-period packages charge interest only on the amount drawn, which would be lower; confirm your package.
Estimate only. Verify exact figures with the IRAS, MAS and CPF portals.
Note: These figures are illustrative and opinion-based, produced with calculation tools — not a valuation or financial advice. Human error is possible; verify against official sources before relying on them. Stamp duties and loan limits are set by the authorities and can change. Actual loan quantum is subject to bank approval and TDSR assessment.
Questions
What is the Progressive Payment Scheme?
It's the standard way you pay for a new-launch property that's still being built. Instead of paying the full price at once, you pay in stages as construction reaches each milestone — from booking, through foundation and framework, to TOP and CSC. The milestone percentages are set by the Housing Developers Rules.
When do the payments start, and how are they timed?
You pay 5% in cash to book, then 15% on signing the Sale & Purchase Agreement within about 8 weeks. The remaining stages are triggered as the developer certifies each construction milestone, and each payment is due within 14 days of their notice. The timing follows build progress, not fixed dates.
Do I pay the full mortgage from day one?
No. Your bank releases the loan in tranches as milestones are certified, so your monthly instalment starts small and steps up as more of the loan is drawn — that's exactly what the ramp table above shows. Some construction-period packages charge interest only on the amount drawn, which is lower still; confirm your package.
Next steps
Want the tax on its own? Open the Stamp Duty Calculator →Check your ceiling first: Open the Affordability Calculator →
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Note: This calculator uses the standard milestone schedule under the Housing
Developers Rules; confirm the exact schedule in your Sale & Purchase Agreement. Figures
are illustrative and opinion-based, produced with calculation tools — not a valuation or
financial advice. Human error is possible; verify against the IRAS, MAS and CPF portals
before relying on any figure.
YouHome.sg · Rick Long, Huttons Asia (CEA Reg. R026818Z)
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Hi, I’m Rick Long,
Associate Senior Division Director, Huttons Asia · CEA Reg. R026818Z
With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.
Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater steadiness and confidence.
Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do.
I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.