7 Answers

Geryl Lim
Dear sir/madam,

There is a progressive payment calculator at this link for your reference: https://www.99.co/calculators/progressive-payment

It is quite helpful as it explains the percentage breakdown at different stages and helps you work out the sums required basing on the price or purchase.

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Ivan Ng
Hi Linda,

Sure I can assist on that, have done that for several clients on new launches. May I know which development you are referring to?

I use $1mil for easier illustration

For illustration

Singapore Citizen 1st residential property,
(At booking of unit)

Assuming typical breakdown for example $1mil purchase as follows

5% cash 50,000

20% cash/CPF OA 200,000

3% approx for stamp duties and legal fees 27,100 (can use CPF OA if sufficient)

*Typically the above total amount needs to be ready within 8 to 9 weeks of Booking of Unit*

(During Construction)

Progressive payments as per the schedule. Each construction milestone is approx 6 to 9 months from each other, and developer will call for payment from the buyer. Purchase can pay via cash / CPF OA .

(At TOP of condo, keys collected, can sell or rent out unit). At this point 85% of payment would have been called (ie. 850k required to be paid by TOP date Dec 2024)

After TOP will be CSC, where whole development is officially and legally handed over to all the owners. That is usually 6 to 9 months later after TOP, and the last 15% will be called.

For the full schedule of progressive payments, I can't attach here hence it would be ideal if you could get in touch at 97432395 so I can assist better.

Thanks and look forward to hear from you soon!

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

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Aaron Chong

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

9730 8455
Robbie Chen Chee Howe
Hi Linda,

For Building under Construction (BUC) purchases, it will be under Progressive Payment Scheme.

The breakdown is as such:
1) 5% booking fee
2) Stamp duties
3) 15% upon sales completion
4) 10% upon completion of foundation
5) 10% upon completion of reinforced concrete framework
6) 5% upon Partition walls
7) 5% upon Roofing
8) 5% upon Door sub-frames / door frames, window frames, electrical wiring (without fittings), internal plastering and plumbing
9) 5% upon car park, roads and drains serving the housing project
10) 25% upon TOP (when the keys are ready for collection)
11) 15% upon CSC (estimated 1 year after key collection)

May I know which project are you looking at? Some projects are offering special schemes which may be different from the normal Progressive Payment Scheme which most new launches fall under.

I am experienced and well-versed in private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty
Nick Tan
Hi Linda,

I can send you the breakdown in the calculation with the estimated timeline for the payment. Please feel free to pm me your purchase price so that I can generate the repayment schedule for you.

Nick Tan
(M) +65 9644 4854
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

I have written a guide on buying Residential Property:

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
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“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
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“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Silvia Yang
Hi Linda

Typical progressive payment schedule for a condo unit.
Upon signing Agreement / within 8 weeks immediately after date of Option 20% (includes 5% booking fee paid in cash earlier)
The following progress payments are due after the seller has given one copy of the Agreement to the purchase of his lawyer, and within 14 days of the purchaser receiving notice of completion of the following works:
Foundation work 10%
Reinforced concrete framework 10%
Partition walls 5%
Roofing 5%
Door sub-frames / door frames, window frames, electrical wiring (without fittings), internal plastering and plumbing 5%
Car park, roads and drains serving the housing project 5%
Temporary Occupation Permit 25%
Final Payment Date and/or Completion (might be staggered further depending on when the Certificate of Statutory Completion is issued) 15%

Let’s say you have decided to buy a $1,000,000 condo unit.
Booking fee: 5% x $1,000,000 = $50,000
Sign the sales and purchase agreement. At this stage, need to pay stamp duty and legal fees.
Upon signing the Sales and Purchase Agreement: 15% x $1,000,000 = $150,000
14 days from the completion of foundation works: 10% x $1,000,000 = $100,000
14 days from the completion of reinforced concrete framework: 10% x $1,000,000 = $100,000
14 days from the completion of partition walls: 5% x $1,000,000 = $50,000
14 days from the completion of roofing: 5% x $1,000,000 = $50,000
14 days from the completion of door sub-frames / door frames, window frames, electrical wiring (without fittings), internal plastering and plumbing: 5% x $1,000,000 = $50,000
14 days from the completion of the carpark, roads and drains servicing the housing project: 5% x $1,000,000 = $50,000
Upon receipt of Temporary Occupation Period and collection of keys: 25% x $1,000,000 = $250,000
Upon legal completion of the sale: 15% x $1,000,000 = $150,000
Please contact me at (65) 96608508 and I can share the excel file breakdown for this calculation including timeline.

May I know which project that you intend to buy?
Some projects are offering special schemes which might be different from the above normal progressive payment
I will be glad to assist, no agent fee from private property buyer.
Appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com
Wong Mei Foong
Hi Linda,

Good day to you. Have you visited the show flat in person or talked to an agent? Have you checked on the availability of your desired unit?
My partners and me are very active in new launch project (some of the projects are estimated TOP in Dec2024 in Bukit Timah, Clementi, Serangoon, Kent Ridge).

We hope share more with you face to face in person or in zoom meeting.
Feel free to contact me anytime.

Call: 8938 7686 Mei Foong
Whatsapp: https://wa.me/6589387686

Best Regards,
Wong Mei Foong
8938 7686

CEA Reg No: R063413E
Website: https://r063413e.propnex.net/
Propnex Realty Pte Ltd (License no: L3008022J)