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Progressive Payment Schedule (BUC)
Singapore Property is sold under the Progressive Payment Scheme (PPS). Instead of paying the full price upfront, you pay in stages as construction hits each milestone below — this updates automatically based on the purchase price you entered above.
| Stage | % of Price | Amount |
|---|---|---|
| Total | 100% | — |
The 5% booking fee and 15% on signing the Sale & Purchase Agreement (20% combined) are typically paid largely in cash/CPF before any bank loan disbursement begins. Your bank loan is drawn down progressively from the foundation stage onward, matching each milestone billed by the developer. Actual construction timeline and milestone dates are set by the developer and may vary.
This calculator provides indicative estimates only and does not constitute financial advice. BSD and ABSD are calculated based on current IRAS rates as published, which are subject to change by the Singapore government. Interest rates, loan eligibility (TDSR/MSR), and actual bank offers vary and should be confirmed directly with your mortgage banker or financial advisor. Singapore Property is sold under the Progressive Payment Scheme — actual disbursement follows construction milestones, not a single lump-sum loan drawdown as shown here for simplicity.
Understanding Your Mortgage for Singapore Property
Buying a new launch condo like Singapore Property in Singapore involves more than just the purchase price. Your total upfront commitment includes the down payment, Buyer's Stamp Duty (BSD), and — depending on your citizenship and existing property count — Additional Buyer's Stamp Duty (ABSD). This calculator brings all three together so you can see a realistic picture before booking a unit at the VVIP preview.
How Buyer's Stamp Duty (BSD) Works in Singapore
BSD applies to every residential property purchase, calculated on a progressive scale against the purchase price or market valuation, whichever is higher. The rate starts at 1% on the first $180,000 and climbs in stages to 6% on the portion above $3,000,000. Unlike ABSD, BSD applies to every buyer regardless of citizenship or how many properties they already own.
How ABSD Affects Your Singapore Property Purchase
Additional Buyer's Stamp Duty depends entirely on your profile. Singapore Citizens buying their first home pay no ABSD at all. It's only from a second property onward that ABSD kicks in for citizens, while Permanent Residents and foreigners face ABSD from their very first purchase. This is a major reason many HDB upgraders choose to sell their existing flat before committing to a new launch — it keeps them in the 0% ABSD bracket as first-time private property buyers.
Progressive Payment: Why Your Actual Monthly Cash Outlay Differs
Because Singapore Property is still under construction, your loan isn't disbursed as one lump sum. Instead, both your cash/CPF payment and your bank loan follow the Progressive Payment Scheme, released in stages as construction milestones are completed — foundation, structural work, roofing, and so on. This calculator shows the full loan's eventual monthly instalment once fully drawn down at TOP; your actual cash flow during construction will typically be lower, since you're only paying against the portion disbursed so far.
Frequently Asked Questions
How is Buyer's Stamp Duty (BSD) calculated in Singapore?
BSD is calculated on a progressive scale based on the purchase price or market value, whichever is higher — starting at 1% on the first $180,000 and rising in tiers up to 6% on amounts above $3,000,000, per current IRAS rates.
Do I need to pay ABSD for Singapore Property if it's my first property?
No. Singapore Citizens buying their first residential property pay 0% ABSD. It only applies from the second property onward for citizens, and from the first property for PRs and foreigners.
What is the maximum loan I can get for Singapore Property?
Typically up to 75% Loan-to-Value for a first home loan with no other outstanding property loans, subject to your bank's TDSR and MSR assessment.
How does the Progressive Payment Scheme affect my mortgage?
Your loan is drawn down gradually as construction milestones are hit, rather than all at once — so your actual monthly cash outlay during the build period is generally lower than the full instalment figure shown above, which reflects the fully disbursed loan.