Progressive Payment Scheme

Progressive payment is an instalment payment scheme for buildings under construction (BUC). In this payment structure, you only need to make a payment once a specific construction phase has been completed.

Progressive payment

Stage of Construction % of Purchase Price
Booking of Unit 5% Cash
Upon signing of S&P or within 8-week from the Option Date 15% Cash or CPF
Completion of foundation work 10% of Purchase Price
(5% Cash/CPF - 5% Cash/CPF/Loan)
Completion of reinforced concrete framework 10% of Purchase Price
(10% Cash/CPF/Loan)
Completion of partitions walls 5% of Purchase Price
(5% Cash/CPF/Loan)
Completion of roofing 5% of Purchase Price
(5% Cash/CPF/Loan)
Completion of door frames, windows frames, electrical wiring, internal plastering and plumbing 5% of Purchase Price
(5% Cash/CPF/Loan)
Completion of car park, drains and roads serving the housing project 5% of Purchase Price
(5% Cash/CPF/Loan)
Obtained Temporary Occupation Permit (TOP) 25% of Purchase Price
(25% Cash/CPF/Loan)
Obtained Certificate of Statutory Completion (CSC) 15% of Purchase Price
(15% Cash/CPF/Loan)
Progressive Payment Calculator

Deferred Payment Scheme

The Deferred Payment Scheme (DPS) allows property buyers to delay most of the payment until the property is fully constructed, providing greater flexibility. It’s often paired with an EC bridging loan for HDB upgraders to ease financing while managing the sale of their existing HDB flat.

Opting for the Deferred Payment Scheme incurs an extra 3–4% on the purchase price.

Deferred payment

Stage of Constuction % of Purchase Price
Booking of Unit 5% Cash
Upon signing of S&P or within 8-week from the Option Date 15% Cash or CPF
Obtained Temporary Occupation Permit (TOP) 65% of Purchase Price
(5% Cash/CPF - 60% Cash/CPF/Loan)
Obtained Certificate of Statutory Completion (CSC) 15% of Purchase Price
(15% Cash/CPF/Loan)
Progressive Payment Calculator

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