By MoneyBees
Where a developer's deferred payment scheme still applies in Singapore, and how HDB's staggered and deferred downpayments move a new flat's payments from signing to key collection.
A developer lets you pay a small part of the price upfront and the rest when the project is completed. For ECs, MND describes it as 20% upfront and 80% deferred until the Temporary Occupation Permit, generally at a price 2 to 3% higher.
No. MND says the Government has disallowed deferred payment schemes for uncompleted private residential properties since October 2007.
A developer may offer one on a completed project. MAS has banks base the loan on the adjusted purchase price, after deducting discounts, rebates and benefits such as a deferred payment scheme, so you can borrow less.
MND ended it for uncompleted ECs on Government Land Sale sites with tenders closing on or after 8 May 2026. Buyers in those projects pay under the Normal Payment Scheme.
It splits a new flat's downpayment between the Agreement for Lease and key collection. On an HDB loan you pay 5% at signing and 20% at keys. On a 75% bank loan, 10% at signing with at least 5% in cash, and 15% at keys.
For eligible young couples from the June 2024 sales exercise, you pay 2.5% at the Agreement for Lease and the rest of the downpayment at key collection: 22.5% on an HDB loan or a 75% bank loan, with at least 2.5% in cash on the bank loan.
On an HDB loan, 10% at the Agreement for Lease and 15% at key collection. On a 75% bank loan, 20% at signing, at least 5% of it in cash, and 5% at keys. The option fee at booking counts towards it.
Not under HDB's schemes. The price and the total downpayment stay the same; only the timing moves from signing to key collection.
Yes. Stamp duty and legal fees are due at the Agreement for Lease in every scheme, including the seniors' scheme where the whole price is paid at key collection.
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