Progressive Payment Calculator

Progressive Payment Calculator

All property purchase payments made from licensed developers directly follows the standard progressive payment scheme as guided by URA. This schedule specifies the amount and time for payment and the amount of purchase price payable to be paid at each construction stage.

This calculator shows indicative monthly instalment, including principal & interest breakdown, for a private residential property under progressive payment with 80% financing. The progressive payment schedule is fixed according to general market practice. Get ready purchase price and estimated interest rate for first 4 years.

Building Stage
Housing Loan Interest
Year
Upon the grant of option to purchase
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-
Upon signing S & P
Completion of foundation work
Completion of reinforced concrete framework of unit
Completion of brick walls of unit
Completion of roofing/ceiling of unit
Completion of electrical wiring, internal plastering, plumbing and installation of door and window frames of unit
Completion of car park, roads and drains serving the housing project
Notice of Vacant Possession
On completion date