Installment Calculator
Monthly Installment: $
Loan Amount: $
Down Payment: $
Stamp Duty: $
ABSD Amount: $
Timeline for Purchasing a New Launch Property:
Stage | Action | Timeframe | Payment |
1 | Issue Option to Purchase (OTP) | Day 1 | 5% Booking Fee |
2 | Sales & Purchase Agreement (S&P) sent to Law Firm or Buyer | Within 2 weeks | — |
3 | Exercise OTP and sign S&P at Law Firm | Within 3 weeks from delivery of S&P | — |
4 | Pay all Stamp Duties (BSD & ABSD) | Within 2 weeks of signing S&P | Varies |
5 | Pay remaining downpayment (Cash/CPF/Both) | Within 8 weeks from Day 1 | 15% Downpayment |
6 | Progressive Payments | Thereafter | 80% Progressive Payment Breakdown |
Note: The entire procedure must be completed within 8 weeks from the Date of Option. Delays require written requests to the developer and are subject to approval.