New Launch Progressive Payment Scheme
The Progressive Payment Scheme (PPS) facilitates payment for new launch condos in Singapore, allowing buyers to service your loan via monthly installments progressively at various construction stages.
| Progress | Payment % | LTV 75% | LTV 45% | LTV 35% |
| Booking Upon the grant of Option to purchase |
5% | Cash | Cash | Cash |
| S&P Upton 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 and 5% Loan | 5% cash & 5% additional cash / CPF | 5% cash & 5% additional cash / CPF |
| Framework Upton completion of reinforced concrete framework of unit |
10% | Loan | Cash | CPF or Cash |
| Wall Upon Cmpletion walls of units |
5% | Loan | Cash | CPF or Cash |
| Ceiling Upon completion of roofing/ceiling of unit |
5% | Loan | Cash | CPF or Cash |
| Windows Upton completion of door sub-frames/door frames and plumbing of unit |
5% | Loan | Cash | CPF or Cash |
| Carpark Upton completion of car park, roads and drains serving the housing |
5% | Loan | Loan | CPF or Cash |
| TOP Teporary Occypation Permit |
25% | Loan | Loan | 5% CPF or Cash and 20% Loan |
| CSC Legal completion |
15% | Loan | Loan | Loan |
