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  1. Home
  2. Home Loan
  3. Progressive Payment Calculator

Progressive Payment Calculator

Wondering how much you need to shell out at each stage of property construction (BUC)?

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. So if you’re considering a BUC, you can use our Progressive Payment calculator to find out how much you need to budget for at each stage of the construction.

Looks like you have not used the calculator yet. Please tell us a few details about yourself and the property.

Fund your dream home from as little as S$NaN/month, with the best home loan rates in Singapore.

Best Floating Rate Package

Monthly Instalments Year 1

Interest Rate Year 1

NaN%

Lock-in Period

year

Rate Type

Floating

Rates and fees as of February 26

These home loan recommendations are based on the information entered above. The results do not include other factors such as lock-in period. To learn more about your true savings, get in touch with one of our mortgage specialists.

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Stamp Duty Calculator

What are the other costs involved when purchasing a property?

Frequently Asked Questions

What is progressive payment scheme?

It’s an instalment payment scheme that applies to houses or apartments that are still under construction.

What are the stages of repayments under the progressive payment scheme?

The stages or milestones for repayments are as follows:
Granting of Option to Purchase (OTP) - 5%
Signing of the Sale & Purchase Agreement - 15%
Completion of property foundation - 10%
Completion of unit’s reinforced concrete framework - 10%
Completion of unit’s brick walls - 5%
Completion of unit’s roofing / ceiling - 5%
Completion of unit’s electrical wiring, internal plastering, plumbing and installation of door and window frames - 5%
Completion of car park, roads and drains serving the housing project - 5%
Temporary Occupation Permit (TOP) - 25%
Certificate of Statutory Completion (CSC) - 15%

Can I use my CPF for the progressive payment scheme?

Yes, you can use your CPF for a progressive payment scheme, except for the booking fee payment. You’ll have to pay 5% of the purchase price in order to get your Option to Purchase (OTP). Keep in mind that this 5% payment has to be made in cash. You can use CPF after the mandatory cash component, which is determined by whether it’s your first or subsequent loan, as well as if you’re taking up to age 65 or beyond.
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