New Launch / Progressive Payment Calculator
For a new-launch (Building-Under-Construction) private or EC purchase financed under the Progressive Payment Scheme (PPS): the stage-by-stage payment schedule, financing instalments, and cash/CPF/loan funding split. All calculations run in your browser — nothing you enter here is transmitted or stored.
Purchase Price
Buyer Profile
Property Type
Private property loans are TDSR-only — MSR does not apply. This calculator does not include a TDSR/MSR affordability check (it doesn't collect income) — use the Mortgage & TDSR calculator to confirm your borrowing eligibility before relying on the loan amount used below.
Loan & Financing
Your Current Savings
Stamp Duty (ABSD + BSD)
Source: iras.gov.sg (ABSD rates page), as-at 12 Jul 2026; iras.gov.sg — Buyer's Stamp Duty (BSD) rates page (table: "On or after 15 Feb 2023"), as-at 14 Jul 2026. Same verified engine as the Full Affordability calculator — figures are not re-derived here. Stamp duty is payable on its own schedule (not staged with the payment schedule below) — confirm exact timing with your conveyancing lawyer. Confirm your exact eligibility with your bank or a licensed professional — this is not financial or legal advice.
Payment Schedule (Progressive Payment Scheme)
| Milestone | % | Amount |
|---|---|---|
| Booking Fee (5% cash) + S&P signing, within 8 weeks of Option | 20% | $300,000 |
| Foundation work complete | 10% | $150,000 |
| Reinforced concrete framework complete | 10% | $150,000 |
| Partition/brick walls complete | 5% | $75,000 |
| Roofing complete | 5% | $75,000 |
| Door/window frames, electrical wiring, internal plastering, plumbing complete | 5% | $75,000 |
| Carpark, roads, drains complete | 5% | $75,000 |
| Within 14 days of TOP or CSC | 25% | $375,000 |
| Final payment (payable at Completion) | 15% | $225,000 |
| Total | 100% | $1,500,000 |
Source: Housing Developers Rules, Form 4, clause 5.1, Singapore Statutes Online, as-at 8 Jun 2026. Applies to the Progressive Payment Scheme (PPS) only — this calculator does not cover the Deferred Payment Scheme (DPS). The final 15% is shown simplified as a single "payable at Completion" line — the actual clause has real complexity around which stakeholder legally holds the money at that stage, which does not change your total or rough timing, only who holds it. No construction timeline or estimated completion dates are shown anywhere in this calculator — construction timing is too fluid to estimate reliably; percentages and dollar amounts only.
Financing — Instalment on Amount Disbursed
| Milestone | Cumulative Loan Disbursed | Monthly Instalment |
|---|---|---|
| Booking Fee (5% cash) + S&P signing, within 8 weeks of Option | $225,000 | $1,067 |
| Foundation work complete | $337,500 | $1,600 |
| Reinforced concrete framework complete | $450,000 | $2,134 |
| Partition/brick walls complete | $506,250 | $2,401 |
| Roofing complete | $562,500 | $2,667 |
| Door/window frames, electrical wiring, internal plastering, plumbing complete | $618,750 | $2,934 |
| Carpark, roads, drains complete | $675,000 | $3,201 |
| Within 14 days of TOP or CSC | $956,250 | $4,535 |
| Final payment (payable at Completion) | $1,125,000 | $5,335 |
This shows a standard amortizing (principal + interest) instalment on the loan amount disbursed to date, recalculated at each milestone as more of the loan is drawn down — not an interest-only product. Interest-only home loans in Singapore were disallowed by MAS effective 14 Sep 2009 and do not exist today. Source: MAS press release, "Measures to Ensure a Stable and Sustainable Property Market," 14 Sep 2009, paras 4–6, as-at 14 Sep 2009. Uses the same amortization formula as the Mortgage & TDSR calculator, at your entered rate above (not the MAS stress-test floor). Confirm your exact eligibility and instalment amounts with your bank — this is not financial advice.
Cash / CPF / Loan Funding Split
| Milestone | Loan | CPF | Cash |
|---|---|---|---|
| Booking Fee (5% cash) + S&P signing, within 8 weeks of Option | $225,000 | $60,000 | $15,000 |
| Foundation work complete | $112,500 | $30,000 | $7,500 |
| Reinforced concrete framework complete | $112,500 | $30,000 | $7,500 |
| Partition/brick walls complete | $56,250 | $15,000 | $3,750 |
| Roofing complete | $56,250 | $15,000 | $3,750 |
| Door/window frames, electrical wiring, internal plastering, plumbing complete | $56,250 | $15,000 | $3,750 |
| Carpark, roads, drains complete | $56,250 | $15,000 | $3,750 |
| Within 14 days of TOP or CSC | $281,250 | $75,000 | $18,750 |
| Final payment (payable at Completion) | $168,750 | $45,000 | $11,250 |
| Total | $1,125,000 | $300,000 | $75,000 |
CPF-eligible amount per stage = (this stage's % × purchase price) − (this stage's % × loan amount) − (this stage's % × the mandatory 5% cash floor) — not a fixed 20%. A lower LTV correctly produces more CPF headroom than the commonly-cited 20% figure, which only holds at the standard 75% LTV. Source: cpf.gov.sg FAQ, "Can I use my CPF savings for the down payment of my property?", as-at 10 Nov 2025. That source addresses down payments generally, not staged BUC payments specifically — applying it per-stage here is a reasonable extension for this calculator, not a separately confirmed CPF rule for staged payments. The CPF and cash figures above are calculated from the CPF OA balance and cash savings you entered today — not a forecast of what will actually be available at each future milestone, which may be 1–4 years away. Confirm your actual CPF and cash position with CPF Board and your bank closer to each milestone.
Assumptions used in this estimate:
- This is a generic tool for any new-launch project — it is not specific to any single development. Enter your own purchase price and terms.
- Loan disbursement is assumed to mirror the payment schedule stage-by-stage (i.e. the bank disburses the same percentage of the loan as the developer bills at each milestone) — the standard practice for PPS financing, not an independent assumption.
- ABSD and BSD figures reuse the same verified engine as the Full Affordability calculator — not re-derived or re-verified independently here.
- Stamp duty (ABSD + BSD) is payable on its own separate schedule (typically within 14 days of the S&P Agreement), not staged alongside the milestone payments above.
- FTA remission treats the remitted buyer as a Singapore Citizen for ABSD purposes (their own property count still applies) — it does not exempt them from BSD.
- ABSD remission is not automatic — your conveyancing lawyer must apply for it via IRAS's e-Stamping Portal at the point of stamping.
- US nationals (citizens) qualify for FTA remission; US permanent residents do not and are charged the standard Foreigner rate. Iceland, Liechtenstein, Norway, and Switzerland qualify at either national or permanent-resident status.
Estimate only, for planning purposes — confirm your exact figures with your bank, CPF, or a licensed professional. This is not financial advice.