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Progressive Payment Calculator
For a new launch bought under construction, this breaks the purchase price into the construction-milestone stages. The stage percentages are editable - confirm the standard schedule before relying on it.
The standard Progressive Payment Scheme schedule is shown opposite. The percentages are the commonly-used schedule - confirm them against your developer's Sale & Purchase Agreement, as they can differ.
Payment at each stage
- Booking (Option fee) (5%)S$90,000
- Upon signing the Sale & Purchase Agreement (15%)S$270,000
- Completion of foundation work (10%)S$180,000
- Completion of reinforced concrete framework (10%)S$180,000
- Completion of brick walls (5%)S$90,000
- Completion of roofing / ceiling (5%)S$90,000
- Completion of door / window frames, wiring, plastering (5%)S$90,000
- Completion of car parks, roads and drains (5%)S$90,000
- Temporary Occupation Permit (TOP) (25%)S$450,000
- Certificate of Statutory Completion (CSC) (15%)S$270,000
Estimate only, and general information - not financial, legal or tax advice. Confirm current rates and figures with the relevant authority (IRAS, MAS, HDB, CPF Board) and your banker before relying on them.