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Progressive Payments Calculator
Plan cash flow for a new launch under construction. See exactly when each payment is due, how much comes from your loan, and how the monthly mortgage grows as the project is built.
S$
25%75% (max 1st loan)
%
yrs
Final Monthly (at CSC)
S$6,062
Total loanS$1,350,000
Total cash + CPFS$450,000
Min cash (5%)S$90,000
Monthly repayments grow stage-by-stage as the bank disburses more of the loan. The final monthly shown above is what you'll pay from CSC onwards.
Payment schedule by construction stage
| Stage | % | Amount | Cumulative |
|---|---|---|---|
| Booking fee (OTP) | 5% | S$90,000 | S$90,000 |
| Signing Sale & Purchase Agreement | 15% | S$270,000 | S$360,000 |
| Foundation work | 10% | S$180,000 | S$540,000 |
| Reinforced concrete framework | 10% | S$180,000 | S$720,000 |
| Partition walls / brick walls | 5% | S$90,000 | S$810,000 |
| Roofing / ceiling | 5% | S$90,000 | S$900,000 |
| Doors, windows, electrical, plumbing | 5% | S$90,000 | S$990,000 |
| Carpark, road & drains | 5% | S$90,000 | S$1,080,000 |
| Notice of Vacant Possession (TOP) | 25% | S$450,000 | S$1,530,000 |
| Certificate of Statutory Completion (CSC) | 15% | S$270,000 | S$1,800,000 |
How the progressive scheme works
For new launches (Building Under Construction), payments are made in stages as construction milestones are met — not all at once. This is set by the URA Housing Developers Rules.
- OTP (Option to Purchase): 5% booking fee (cash only)
- Within 8 weeks of OTP: Sign S&P agreement, pay another 15%
- During construction: 10% + 10% + 5% + 5% + 5% + 5% paid at each construction milestone over ~2-3 years
- TOP (Temporary Occupation Permit): 25% — you can collect keys
- CSC (Statutory Completion, ~12 months after TOP): Final 15%
Your monthly mortgage starts small (just interest on the first disbursement) and grows as more of the loan is drawn down — until it reaches the full amortizing payment at CSC.