BUC Progressive Payment Calculator
Easily plan your payments for new launch properties.
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Progressive payment is a structured financing approach for purchasing properties under construction, referred to as Buildings Under Construction (BUC), in Singapore. It enables buyers to pay in phased installments, with each progressive payment linked to specific construction milestones.
This method distributes costs over the development period, aligning financial obligations with the property's construction progress. Widely used for new launch condominiums and executive condominiums, the progressive payment scheme provides a clear and manageable payment framework for BUC property purchases.
In Singapore, the Progressive Payment Scheme for buying buildings under construction (BUC) properties is primarily regulated by the Housing Developers Rules, which are set by the Ministry of National Development. These rules provide a framework for developers to follow when implementing the scheme, ensuring fairness and transparency for buyers.
- Phased Payments: Each payment, typically ranging from 5% to 25% of the property's purchase price, is triggered by the completion of a predefined construction stage.
- Construction-Linked: Payments align with verified construction milestones, ensuring transparency throughout development.
- Regulated Framework: A standardized approach that balances the interests of developers and buyers.
Unlike the normal payment scheme for completed properties, which requires a substantial initial downpayment and immediate loan repayments, the progressive payment system supports phased financing for properties under development, spreading your financial commitment over 4-5 years.
The Singapore condo progressive payment schedule outlines a standardized sequence of construction milestones, with minor variations possible based on the developer's contract. Each stage triggers a specific percentage payment of your property's purchase price:
Initial deposit to secure your ideal unit
Balance downpayment required within 8 weeks of placing booking fee
When the building's foundation is completed
When the main structure is completed
When all internal and external walls are built
When roofing and ceiling work is finished
When internal fixtures and fittings are installed
When external infrastructure is completed
When the property is deemed habitable
Final certification that the property meets all regulatory requirements
Each progressive payment is tied to verified construction progress, ensuring transparency and accountability throughout the development process. This structured approach protects buyers by linking payments directly to completed work.
The Progressive Payment Scheme (PPS) is a standardized system designed to facilitate BUC property purchases in Singapore. It ensures transparency by linking each progressive payment to verified construction milestones, protecting buyers from overpaying before work is completed.
- Regulated Structure: For private properties, developers must comply with the Housing Developers Rules; for Executive Condominiums (ECs), the process is additionally overseen by HDB.
- CPF Eligibility: Permits Central Provident Fund (CPF) savings for most progressive payments, except the 5% cash-only booking fee
- Loan Integration: Aligns with bank loans, with disbursements starting at later stages to minimize early repayment burdens
The progressive payment calculator helps buyers navigate the PPS by mapping out the Singapore condo progressive payment schedule and estimating loan repayments. This essential tool enables buyers to:
- Project payment amounts and timing across all construction stages
- Calculate evolving loan repayments as more funds are disbursed
- Plan CPF usage and cash requirements throughout the 4-5 years construction period
The PPS benefits buyers by reducing upfront costs and spreading payments over the construction timeline. This creates a more manageable financial commitment compared to completed properties, making new launch condo purchases more accessible.
The progressive payment calculator simplifies budgeting for BUC properties by providing a clear breakdown of your financial commitments throughout the construction period.
- Enter property price - Input the total purchase price of your BUC property
- Add loan details - Specify your LTV ratio, interest rate, and loan tenure
- Generate report - View your personalized payment schedule and loan projections
The calculator provides a comprehensive Singapore new launch condo progressive payment schedule, detailing payment amounts and timing for each construction milestone. This helps you effectively plan your finances throughout the development period.
Use our progressive payment calculator to navigate your property purchase seamlessly.
The progressive payment scheme in Singapore offers distinct advantages for buyers of BUC properties:
Spreads payments over the construction timeline, typically 4–5 years, easing upfront costs.
Links each payment to completed construction stages, promoting developer accountability.
Begins with smaller monthly repayments that scale as loan funds are disbursed, enhancing affordability.
Allows Central Provident Fund (CPF) savings for most payments, except the cash-only booking fee.
This framework is ideal for buyers seeking flexibility and clarity when financing new launch condominiums or executive condominiums through the progressive payment scheme.
Our mortgage loan experts can help you navigate the complexities of progressive payment schemes and find the best financing option for your new property purchase.
Book Your Free ConsultationFrequently Asked Questions About Progressive Payment Calculator in Singapore
The progressive payment scheme in Singapore is specifically designed for uncompleted properties (new launch condos) still under construction. Unlike completed properties that require full payment upon completion of the sale, the progressive payment scheme allows buyers to make payments in stages as construction milestones are reached. For completed properties, you would typically pay a 25% down payment followed by the remaining 75% upon completion of the sale.
Your progressive payment journey begins immediately after signing the Sale and Purchase Agreement (S&P) for your new launch condo in Singapore. The first payment (booking fee) is typically 5% of the purchase price, followed by 15% upon signing the S&P. Subsequent payments will follow construction milestones as outlined by the progressive payment scheme.
Yes, you can use your CPF Ordinary Account savings for all stages of the progressive payment scheme for your new launch condo in Singapore, subject to available funds and CPF withdrawal limits. Our progressive payment calculator can help you determine how much CPF you can utilize at each stage and how much cash you'll need to prepare.
For new launch condos under the progressive payment scheme, banks disburse your home loan in stages that align with the construction milestones. You'll only pay interest on the amount disbursed, not the undisbursed loan amount. This means your interest payments gradually increase as more of your loan is disbursed. Our new launch condo payment calculator accounts for these disbursements to give you a complete financial picture.