There are different payment schedule for property purchase in Singapore.
Here we look into four different type of developments and different type of payment schedule.
and HDB Resale.
From 6th July 2018, the maximum loan allow will be 75% instead of 80% of the purchase price.
New Private (Building Under Construction) Payment schedule
Since the development is still under construction, it will be base on progressive payment method.
The 1st 5% of the booking fee must be in cash, the next 20% can be from cash, CPF or loan. As for purchaser with existing mortgage loan, 1st 25% payment must in cash and maximum loan amount will be adjusted to 45% of purchase price.
Below is a payment schedule illustrated base on sales from developer. As for development using pre-fabrication construction method, collection of payment can be earlier and in a combination of stages.
| Estimated Timeline | Percentage of Payment | Stages | Payment Methods |
| Booking day | 5% | Booking of unit | Cash only |
| Within 8 weeks from OTP date | 15% | Balance payment | Cash/ CPF |
| Within 14 days from OTP date | Received SnP from developer and exercise SnP within 21 days | ||
| Within 14 days from exercising SnP | Click here to check Stamp Duty amount | Payment for stamp duty | Cash/ CPF |
| Est. 6 to 9 months | 5% and (5%) | Completion of foundation works | Cash/ CPF and (Cash/ CPF/ Loan) |
| Est. 6 to 9 months | 10% | Completion of reinforced concrete framework of the unit | Cash/ CPF/ Loan |
| Est. 3 to 6 months | 5% | Completion of brick walls of unit | Cash/ CPF/ Loan |
| Est. 3 to 6 months | 5% | Completion of ceiling and roofing of unit | Cash/ CPF/ Loan |
| Est. 3 to 6 months | 5% | Completion of belectric wiring, internal plastering, plumbing, doors and window frames of unit | Cash/ CPF/ Loan |
| Est. 3 to 6 months | 5% | Completion of carparks, roads and drains serving the housing project | Cash/ CPF/ Loan |
| Est. 3 to 6 months | 25% | Notice of vacant possession (TOP) | Cash/ CPF/ Loan |
| Est. 1 to 12 months | 15% | On certificate of statutory completion (CSC) | Cash/ CPF/ Loan |
Private Resale Payment Timeline
Since the property is already completed, it will be based on normal payment schedule.
1st 5% must be in cash, the next 20% can be from cash, CPF or loan.
Below is an illustration base on Option to Purchase (OTP) date, for purchaser without any mortgage loan on hand.
As for purchaser with existing mortgage loan, 1st 25% payment must in cash and maximum loan amount will be adjusted to 45% of purchase price.
| Estimated Timeline | Percentage of Payment | Stages | Payment Methods |
| Booking day | 1% | Booking of unit | Cash only |
| Within 14 days (before 4pm) | 4% | Exercise of Option | Cash/ CPF |
| Within 21 days from OTP date | Exercise OTP | ||
| Within 14 days from exercising OTP | Click here to check Stamp Duty amount | Payment for stamp duty | Cash/ CPF |
| Within 8 to 12 weeks from OTP date | 20% | Balance payment | Cash/ CPF |
| Within 8 to 12 weeks from OTP date | 75% | Balance payment | Cash/ CPF/ Loan |
New Executive Condo Payment Timeline
Executive condo will be a development that is still under construction, but most developer will offer Normal progressive payment scheme as well as Deferred payment scheme.
The 1st 5% must be in cash, the next 20% can be from cash, CPF or loan. As for purchaser with existing mortgage loan, 1st 25% payment must in cash and maximum loan amount will be adjusted to 45% of purchase price.
Payment schedule illustrated is base on sales from developer. As for development who are using pre-fabrication construction method, collection of payment can be earlier and in a combination of different stages.
Normal Payment Scheme (NPS) for EC
| Estimated Timeline | Percentage of Payment | Stages | Payment Methods |
| Booking day | 5% | Booking of unit | Cash only |
| Up to 6 weeks from OTP date | NA | Received approval letter from HDB | – |
| Within 14 days from HDB approval | Received SnP from developer and exercise SnP within 21 days | ||
| Within 14 days from exercising SnP | Click here to check Stamp Duty amount | Payment for Stamp Duty | Cash/ CPF |
| Within 9 weeks from OTP date | 15% | Balance payment | Cash/ CPF |
| Est. 6 to 9 months | 5% plus (5%) | Completion of foundation works | Cash/ CPF plus (Cash/ CPF/ Loan) |
| Est. another 6 to 9 months | 10% | Completion of reinforced concrete framework of the unit | Cash/ CPF/ Loan |
| Est. another 3 to 6 months | 5% | Completion of brick walls of unit | Cash/ CPF/ Loan |
| Est. another 3 to 6 months | 5% | Completion of ceiling and roofing of unit | Cash/ CPF/ Loan |
| Est. another 3 to 6 months | 5% | Completion of belectric wiring, internal plastering, plumbing and doors window frames of unit | Cash/ CPF/ Loan |
| Est. another 3 to 6 months | 5% | Completion of carparks, roads and drains serving the housing project | Cash/ CPF/ Loan |
| Est. another 3 to 6 months | 25% | Notice of vacant possession (TOP) | Cash/ CPF/ Loan |
| Est. 1 to 12 months from TOP | 15% | On certificate of statutory completion (CSC) | Cash/ CPF/ Loan |
Deferred Payment Scheme (DPS) for EC
| Estimated Timeline | Percentage of Payment | Stages | Payment Methods |
| Booking day | 5% | Booking of unit | Cash only |
| Up to 6 weeks from OTP date | NA | Received approval letter from HDB | – |
| Within 14 days from approval from HDB | Received SnP from developer and exercise SnP within 21 days | ||
| Within 14 days from exercising SnP | Click here to check Stamp Duty amount | Payment for stamp duty | Cash/ CPF |
| Within 9 weeks from OTP date | 15% | Balance payment | Cash/ CPF |
| TOP date | 5% | Notice of vacant possession (TOP) | Cash/ CPF |
| TOP date | 60% | Notice of vacant possession (TOP) | Cash/ CPF/ Loan |
| Est. 6 to 9 months | 15% | Completion of reinforced concrete framework of the unit | Cash/ CPF/ Loan |
Payment timeline for resale HDB
Click here to find out the usage of CPF