Understand your progessive payment clearly
Progressive Payment Calculator
Progressive Payment Schedule
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What is a Progressive Payment Calculator?
What it is:
A Progressive Payment Calculator helps property buyers in Singapore estimate their payment schedule when purchasing a new launch condominium or building under construction (BUC). Instead of paying the full price upfront, buyers make payments in stages that correspond to construction milestones — from booking fee to completion.
This calculator provides a clear breakdown of your financial commitments at every stage, including:
Down payments (Option to Purchase and Sale & Purchase Agreement)
Buyer’s Stamp Duty (BSD) and Additional Buyer’s Stamp Duty (ABSD)
Progressive loan disbursements
Estimated monthly instalments based on your loan, interest rate, and tenure
It’s a simple yet powerful tool that helps buyers plan their cash flow, understand when funds are needed, and avoid surprises during the construction period.
How to Use the Progressive Payment Calculator?
Using our calculator is straightforward:
Enter the Property Price — Input the total purchase price of the condo or property under construction.
Set Your Loan Details — Choose your Loan-to-Value (LTV) ratio, loan tenure, and interest rate (% p.a.).
View Payment Breakdown — Instantly see the detailed payment schedule across all construction stages — from Booking Fee, Sale & Purchase Agreement, Foundation, to TOP and CSC.
Understand Your Monthly Commitment — See how your monthly repayment increases progressively as your loan is disbursed at each milestone.
This gives you a full picture of your progressive payment schedule, making it easier to budget for upcoming payments.
What Is the Progressive Payment Scheme (PPS)?
The Progressive Payment Scheme (PPS) — also known as the BUC Payment Schedule — is a financing structure for uncompleted properties in Singapore.
Under the PPS, payments are made progressively as construction reaches key stages.
Buyers typically pay:
5% at the Option to Purchase (OTP)
15% upon signing the Sale & Purchase Agreement (S&P)
Subsequent instalments (via bank loan) as the developer completes each milestone
This staged payment method is regulated by the Urban Redevelopment Authority (URA) and designed to protect buyers while supporting developers’ cash flow.
Benefits of the Progressive Payment Scheme
Better Cash Flow Management – Payments are spaced out, so you only pay when construction milestones are completed.
Lower Initial Monthly Repayments – Loan disbursement (and interest) starts small and gradually increases.
Consumer Protection – Payments tied to completion ensure developers adhere to schedule and quality standards.
Predictable Schedule – You know exactly when and how much is due, helping you manage finances with confidence.
Things to Consider Before Buying a BUC Property
Construction Delays – Any delay in the project timeline can affect your payment schedule.
Interest Rate Changes – Floating interest rates can cause monthly instalments to fluctuate over time.
Upfront Costs – BSD, ABSD, legal fees, and insurance should be budgeted early.
Why Use This Calculator?
Our Progressive Payment Calculator is built with Singapore’s PPS structure in mind and uses the reducing balance (amortisation) method for accuracy.
You’ll see exactly how your loan amount, interest rate, and tenure impact your monthly repayments at every stage of construction.
Whether you’re planning your next condo purchase or comparing new launch projects, this calculator gives you the insights you need to make informed financial decisions before you buy.
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Your questions answered
Frequently Asked Questions (FAQ) for Progressive Payment
What is the Progressive Payment Scheme (PPS)?
The Progressive Payment Scheme (PPS) is a financing method for new launch or uncompleted condos in Singapore. Instead of paying the full purchase price upfront, you pay in stages based on construction progress — from booking fee to completion. Each payment milestone triggers a portion of your bank loan to be disbursed, and monthly instalments increase gradually as your loan amount grows.
When do I start paying my home loan under the Progressive Payment Scheme?
You’ll begin repaying your home loan once the bank disburses the first portion of your loan — usually after the foundation stage is complete. Your monthly instalment increases progressively with each new disbursement until the condo obtains its Temporary Occupation Permit (TOP) and Certificate of Statutory Completion (CSC).
How does the Progressive Payment Calculator work?
Our Progressive Payment Calculator uses the reducing balance (amortisation) method to calculate monthly instalments based on your property price, LTV ratio, interest rate, and loan tenure. It shows how payments increase at each construction stage — helping you plan your cash flow from the start of the project until completion.
Can I use CPF funds to pay for progressive payments?
Yes, you can use your CPF Ordinary Account (OA) savings to pay for both the downpayment (Option to Purchase and Sale & Purchase Agreement) and subsequent loan instalments during construction. CPF usage is subject to CPF Housing Withdrawal Limits and your remaining OA balance. Always check with your bank and CPF Board for eligibility.
What happens if the construction is delayed?
If the project is delayed, your loan disbursements and monthly repayments will also be delayed. You’ll only start paying for each stage once it’s officially completed and certified by the bank. This protects buyers since you only pay when real progress is made.
Are interest rates fixed during construction?
Most banks offer floating-rate packages pegged to SORA or internal board rates. This means your interest rate — and monthly repayment — may change slightly over time. For calculator estimates, we assume a constant rate throughout to help you visualise your full repayment pattern.
How is a Progressive Payment Calculator different from a Mortgage Calculator?
A Progressive Payment Calculator is for properties under construction, where payments are made in stages. A Mortgage Calculator is for completed properties, where the loan is fully disbursed and monthly instalments remain constant. Progressive calculators show the step-up payments that occur during construction, while mortgage calculators show your fixed repayment after TOP.
Disclaimer
The results generated by this calculator are provided for illustrative purposes only and should not be relied upon as financial or professional advice. They are supplied “as is” without warranty of any kind as to accuracy, completeness, or timeliness.
We make no representations or guarantees about the outcomes, and accept no liability for any loss, damages, expenses, or costs arising directly or indirectly from the use of this calculator or reliance on its results.
Before making any property, financing, or investment decisions, you are strongly encouraged to seek professional advice from a qualified mortgage specialist, financial advisor, or relevant authority.