New Launch Progressive Payment Scheme
The Progressive Payment Scheme (PPS) facilitates payment for new-launch condos in Singapore, allowing buyers to service their loan via monthly instalments progressively at various construction stages.
| Progress | Payment % | LTV 75% | LTV 45% | LTV 35% |
|---|---|---|---|---|
| Booking Upon grant of Option to Purchase | 5% | Cash | Cash | Cash |
| S&P Upon signing of Sale & Purchase Agreement or within 8 weeks from the Option | 15% | CPF or Cash | Cash | Cash |
| Foundation Upon completion of foundation work | 10% | 5% CPF or Cash & 5% Loan | 5% Cash & 5% additional Cash/CPF | 5% Cash & 5% additional Cash/CPF |
| Framework Upon completion of reinforced concrete framework of unit | 10% | Loan | Cash | CPF or Cash |
| Wall Upon completion of walls of unit | 5% | Loan | Cash | CPF or Cash |
| Ceiling Upon completion of roofing/ceiling of unit | 5% | Loan | Cash | CPF or Cash |
| Doors & Windows / Plumbing Upon completion of door/window frames and plumbing | 5% | Loan | Cash | CPF or Cash |
| Carparks, Roads & Drains Upon completion of estate works | 5% | Loan | Loan | CPF or Cash |
| TOP Temporary Occupation Permit | 25% | Loan | Loan | 5% CPF or Cash & 20% Loan |
| CSC Legal Completion | 15% | Loan | Loan | Loan |
