Progressive Payment Calculator: New Condo and BTO Payment Schedule

For a private home bought from a developer before completion, the Housing Developers Rules fix the Normal Progressive Payment Scheme: 20% on signing the Sale and Purchase Agreement, within 8 weeks of the option date (including the booking fee, usually 5%), then 10% on completion of the foundation, 10% for the reinforced concrete framework, 5% each for partition walls, roofing, door and window frames with wiring, plastering and plumbing, and car park, roads and drains, 25% at TOP and the final 15% at completion (2% to the developer, 13% held by the Singapore Academy of Law until the CSC). Each instalment is due within 14 days of the developer's notice.

With a bank loan at 75% loan-to-value (MAS rules), you pay the first 25% yourself: at least 5% in cash, the rest from CPF Ordinary Account savings or cash. The bank then pays the remaining stages as they fall due. With a longer loan (over 30 years for private property, or past age 65) the limit is 55% and at least 10% must be cash.

For a BTO flat, HDB collects the downpayment in two parts. With an HDB loan (75%) you pay 10% when signing the Agreement for Lease and 15% at key collection; with a bank loan you pay 20% at signing (5% in cash) and 5% at keys. Under the Staggered Downpayment Scheme (first-timer couples who applied for the HFE letter by the younger applicant's 30th birthday, or owners right-sizing to a 3-room or smaller) it is 5% and 20% with an HDB loan. Young couples on deferred income assessment pay 2.5% at signing and 22.5% at keys. Rules as at October 2026.