Can I get a yearly breakdown of progressive payment for a condo priced at $1,500,000

Here is a typical yearly breakdown of the progressive payment for a new launch condo priced at $1,500,000, following the standard payment schedule:

Initial Payments (Year 1):
- Booking Fee (5%): $75,000 (Cash)
- Downpayment (15%): $225,000 (Cash/CPF)
- Buyer's Stamp Duty (BSD):
- 1% of first $180,000 = $1,800
- 2% of next $180,000 = $3,600
- 3% of next $640,000 = $19,200
- 4% of next $500,000 = $20,000
- Total BSD = $44,600 (Cash/CPF)
- Legal Fees: ~$3,500 (Cash/CPF)
- Valuation Fee: ~$400 (Cash/CPF)

Construction Milestones (Spread over Years 1-3, approximate):
- Foundation of Work (10%): $150,000 (6–9 months from launch)
- Reinforced Concrete Framework (10%): $150,000 (6–9 months later)
- Brick Walls of Unit (5%): $75,000 (3–6 months later)
- Ceiling of Unit (5%): $75,000 (3–6 months later)
- Door/Window Frames, Wiring, Plumbing (5%): $75,000 (3–6 months later)
- Car Park, Roads, Drains (5%): $75,000 (3–6 months later)

Completion Milestones (Year 3-4, approximate):
- Notice of Vacant Possession (TOP, 25%): $375,000
- Legal Completion (CSC, 15%): $225,000

The exact timing of each payment depends on the construction progress, but typically, the full payment is spread over 3 to 4 years.

You can calculate a more detailed breakdown using EdgeProp’s progressive payment calculator.