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