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Timeline for Purchasing a New Launch or Uncompleted Project in Singapore
For many buyers, navigating the process of purchasing a new launch condo can feel complex or overwhelming. The Progressive Payment Scheme (PPS) facilitates payment for new launch condos in Singapore, allowing buyers to make payments at various construction stages. The table below provides a clear summary of the steps and timeline involved in buying an uncompleted project (Building Under Construction) directly from the developer.
Progress | Payment % | LTV 75% | LTV 45% | LTV 35% |
Booking | 5% | Cash | Cash | Cash |
S&P | 15% | CPF or Cash | Cash | Cash |
Foundation | 10% | 5% CPF or Cash and 5% Loan | 5% cash & 5% additional cash / CPF | 5% cash & 5% additional cash / CPF |
Framework | 10% | Loan | Cash | CPF or Cash |
Wall | 5% | Loan | Cash | CPF or Cash |
Ceiling | 5% | Loan | Cash | CPF or Cash |
Windows | 5% | Loan | Cash | CPF or Cash |
Carpark | 5% | Loan | Loan | CPF or Cash |
TOP | 25% | Loan | Loan | 5% CPF or Cash and 20% Loan |
CSC | 15% | Loan | Loan | Loan |