The Objective of the Progressive Payment Calculator
The progressive payment calculator was specifically created to serve the need of a new launch condo investor.
It seeks to take into consideration the key financial metrics that an investment focused buyer is looking for and makes it available with ease.
To complete the loop, usage of the calculator comes with a complimentary validation service administered via whatsapp to validate the accuracy of your output numbers. This is only available for readers and existing clients.
Progressive Payment Calculator for New Launch Investors
· Max loan tenure = 65 − borrower’s age
Enter your parameters and click
Calculate Payment Schedule to begin.
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What Is the Progressive Payment Scheme
The progressive payment scheme is what differentiates a new launch condo from a resale condo.
In the first 4 years, while the new launch condo is being constructed, the new launch condo is being financed via a progressive payment scheme instead of the normal payment scheme that is used by a fully constructed resale condo.
Under the progressive payment scheme, the loan is disbursed in tranches in accordance with construction milestones. Interest and principal repayment — which forms the total monthly repayment — is calculated based on the cumulative loan disbursed at each stage.
The resultant benefit derived is notable savings in interest expense and a reduced monthly mortgage requirement over the 4-year initial holding period of a new launch, as compared to a resale property that operates under the normal payment scheme — which entails the payment of interest and principal on the full loan quantum from day one of purchase.
How to Use This Progressive Payment Calculator
To operate the calculator, only 6 inputs are required:
- Property purchase price
- Citizenship status – for ABSD calculation
- Number of properties owned – for ABSD calculation
- Loan to value percentage
- Interest rate – defaulted to the current market prevailing interest rate
- Loan tenure
Specifically for loan tenure, when two joint owners are funding the purchase of a new launch development, MAS mandates that an income weighted average age is required to be used to calculate loan tenure. To easily calculate that, simply expand the Calculate My Max Tenure (IWAA) toolbox to calculate.
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The Progressive Payment Schedule – All 10 Construction Milestones
The PPS milestone schedule runs across 10 construction stages, from the OTP booking fee through to the Certificate of Statutory Completion (CSC). Each stage triggers a prescribed percentage disbursement of the purchase price that is fixed under the Housing Developers Rules and cannot be varied by the developer.
The schedule divides naturally into two distinct financial phases:
- Down payment phase (OTP through Foundation, Stages 1–5) – requires the buyer to deploy cash and CPF OA
- Loan disbursement phase (RC Framework through CSC, Stages 6–10) – where the bank progressively releases the approved loan in tranches
The calculator on this page models the full 10-stage disbursement. Enter your purchase price, LTV and rate to see the exact stage amount, fund source split, and the resulting monthly instalment at each milestone.
For a detailed breakdown of each construction stage, the specific percentage per stage, the timeline between milestones, and the total cash and CPF required at different price points from $1.5M to $3.0M, refer to our dedicated guide: Progressive Payment Scheme for New Launch Condo.
Interest Savings – New Launch Condo (Progressive Payment Scheme) vs Resale (Normal Payment Scheme)
One of the key financial advantages of a new launch condo over a comparable resale purchase is the structural interest saving during the 4-year BUC period.
Section 4 of the calculator quantifies this directly. It shows:
- Cumulative interest paid on the BUC loan vs the equivalent resale full loan over the same 48-month period
- The Year 3 peak monthly instalment for the new launch vs the flat monthly obligation for the resale buyer
- The total interest saving expressed in dollar terms
More Relevant Read Regarding New Launch Condo Investing
- Characteristics of New Launch Condos That Deliver the Highest Capital Appreciation in the Shortest Time
- How to choose the best new launch condo in 2026 ?
- How much do you need to invest in a new launch condo in 2026 ?
- When should I sell my new launch condo after it TOP ?
- Renting 3 years to wait for New Launch Condo TOP – Worth it ?
- New Launch vs resale condo – which is better for Investment ?
FAQ
Can foreigners buy new launch condos under PPS?
Foreigners can purchase private condominiums (not ECs or landed) and are subject to PPS in the same way as Singapore Citizens and PRs. However, foreigners pay 60% ABSD on the purchase price, which must be funded at S&P exercise. This is the dominant cost consideration for foreign buyers, not the PPS structure itself
What happens if the developer misses a construction milestone?
The developer cannot issue a payment notice and collect the stage payment until the milestone is officially certified. Buyers are not penalised for non-payment if the notice has not been validly issued. However, if the developer is significantly delayed, buyers continue to service the accrued loan balance without the benefit of unit delivery
Can I refinance during the BUC period?
Refinancing a BUC loan is technically possible but uncommon, most banks impose lock-in periods of 2–3 years and the partially disbursed nature of the loan makes repricing less straightforward. The more common action is to review and refinance at or after TOP when the full loan is active
What is the late payment penalty for missing a stage payment?
Under the Housing Developers Rules, late payment interest is charged at 2.5% above the prevailing prime rate on the outstanding stage payment amount. The 14-day payment window from receipt of the developer’s notice is strict
Does PPS apply to landed property?
PS applies to landed properties under construction sold by licensed housing developers. However, most landed transactions in Singapore are resale. PPS is therefore predominantly associated with new launch condominiums and ECs in practice
Can I use SRS funds for progressive payments?
SRS (Supplementary Retirement Scheme) funds cannot be used for property purchases in Singapore , neither for down payments, stamp duties, nor mortgage servicing. Only CPF OA funds and cash are eligible
