Singapore Progressive Payment Scheme (New Launch Condo Guide)
The Singapore Progressive Payment Scheme (PPS) explains how buyers of new launch condos pay for their property in stages. Instead of servicing the full loan immediately, payments are made progressively at key construction milestones — from booking and foundation works to TOP and legal completion (CSC).
Completed resale vs new launch: PPS applies to new launch / uncompleted properties. Completed resale properties usually require full loan servicing much earlier, so the cashflow planning can feel very different.
| 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 | 15% | CPF or Cash | Cash | Cash |
| Foundation Completion of foundation work | 10% | 5% CPF/Cash & 5% Loan | 5% Cash & 5% CPF/Cash | 5% Cash & 5% CPF/Cash |
| Framework | 10% | Loan | Cash | CPF or Cash |
| Walls | 5% | Loan | Cash | CPF or Cash |
| Roof / Ceiling | 5% | Loan | Cash | CPF or Cash |
| Doors / Windows / Plumbing | 5% | Loan | Cash | CPF or Cash |
| Carparks / Roads / Drains | 5% | Loan | Loan | CPF or Cash |
| TOP | 25% | Loan | Loan | 5% CPF/Cash & 20% Loan |
| CSC | 15% | Loan | Loan | Loan |
- Lower initial instalments because payments follow construction stages.
- Cashflow planning is easier compared to resale properties.
- Large jump usually occurs at TOP when more of the loan begins servicing.
- Helpful for upgraders because the payment schedule may align with sale proceeds from an existing property.
Important: This payment schedule is a planning reference. Actual payment calls depend on construction progress and developer notices. Always confirm the exact payment schedule with your solicitor or banker.
Frequently Asked Questions
Typically around TOP because a larger portion of the loan becomes payable and the mortgage instalment becomes closer to the full loan servicing amount.
No. PPS applies to uncompleted new launch projects. Resale properties usually require buyers to start servicing the full mortgage earlier.
In many cases yes, subject to CPF rules and your available OA balance. Your banker or lawyer will confirm the exact cash / CPF breakdown based on your loan structure.
Senior Associate District Director, PropNex Realty
CEA License: R057586D
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Always perform your own due diligence before any property transaction. PropNex Realty Pte Ltd (L3008022J) | Josephine Yap (R057586D).