Deferred payment scheme calculator

By MoneyBees

Developers cannot offer a deferred payment scheme on private homes still being built, or on ECs from land tenders closing on or after 8 May 2026. See where DPS still applies, and work out how HDB's Staggered Downpayment Scheme and deferred income assessment push a new flat's downpayment from signing to key collection.

Calculator

Your new HDB flat

S$

Normal, at signing

$45,086

then $60,876 at keys

Staggered, at signing

$25,086

then $80,876 at keys

Deferred income, at signing

$15,086

then $90,876 at keys

Every scheme starts with the $2,000 option fee and costs the same in total. What moves is when you pay: the Staggered Downpayment Scheme cuts the payment at the Agreement for Lease by $20,000, and deferred income assessment by $30,000. The difference falls due at key collection instead.

The amounts at signing include stamp duty and HDB's legal fees, which you pay then in every scheme. The loan covers $300,000 at key collection.

Share on WhatsApp

Save my results

Leave your email and we'll save this scenario so a MoneyBees adviser can follow up.

Or book a free chat if you'd rather talk it through.

When you pay, scheme by scheme

SchemeBookingAgreement for LeaseCash at leastKey collectionCash at least
Normal downpayment$2,000$45,086$0$60,876$0
Staggered Downpayment Scheme$2,000$25,086$0$80,876$0
Deferred income assessment$2,000$15,086$0$90,876$0

Key collection excludes the loan. The rest can come from CPF OA savings or cash. Schedules are HDB's for applications from the October 2024 sales exercise.

Can you still get a developer's deferred payment scheme?

  • Homes still being built: no. MND says the Government has disallowed deferred payment schemes for uncompleted private homes since October 2007.
  • Completed private homes: a developer may offer one, but MAS has banks lend on the price after deducting benefits such as a deferred payment scheme, so your loan is smaller.
  • Executive condominiums: MND ended DPS for uncompleted ECs on land sites whose tenders closed on or after 8 May 2026; buyers there use the Normal Payment Scheme. Under DPS, EC buyers paid 20% upfront and 80% at TOP, generally at a 2 to 3% higher price.

Who qualifies for HDB's schemes

  • Staggered Downpayment Scheme: couples where both are first-timers, or a first-timer and a second-timer, who applied for the HFE letter by the younger one's 30th birthday and book an uncompleted 5-room or smaller flat. Also right-sizers who have not sold their flat when they apply for the HFE letter and book an uncompleted 3-room or smaller flat. HDB tells you at booking.
  • Deferred income assessment: a married or engaged couple where one of you is a full-time student or full-time national serviceman, or finished either within 12 months before the HFE application. At least one of you must be 30 or below, and one of you a first-timer. HDB assesses your income about 3 months before the flat is completed.
  • Seniors right-sizing: aged 55 and above, with the current flat unsold at the HFE application, buying an uncompleted 3-room or smaller flat. You pay only stamp duty and legal fees at signing and the full price at key collection.

Worked example

A S$400,000 4-room flat on an HDB loan. The S$2,000 option fee is due at booking in every scheme. At the Agreement for Lease the normal 10% downpayment leaves S$38,000 to pay, plus S$7,086 of stamp duty and legal fees: S$45,086. The Staggered Downpayment Scheme asks for 5%, so S$25,086, and deferred income assessment 2.5%, so S$15,086.

The rest of the 25% downpayment comes at key collection: S$60,000, S$80,000 or S$90,000, plus about S$876 in fees. The HDB loan pays the other S$300,000.

Sources

Figures checked 4 Oct 2026.

Related calculators

Frequently asked questions

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.

Keep exploring

Related calculators

More tools & guides

These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.

Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).