What is the payment schedule for a new launch condo in Singapore

For a buyer that purchases a new launch condo under the progressive payment scheme, this is what the typical payment schedule and fees would look like:

1) Exercising the Option / Paying the Booking Fee:
- Timeframe: Upon exercising the option
- % of Purchase Price: 5%
- Payment Mode: Cash, cannot be supplemented using CPF or a bank loan.

2) Signing the Sale and Purchase (S&P) Agreement to exercise the OTP:
- Timeframe: Within 3 weeks of receiving the agreement

3) Buyer's Stamp Duty (BSD):
- Timeframe: Within 14 days of signing the S&P Agreement
- % of Purchase Price: 1% of first S$180,000, 2% of next S$180,000, 3% of the next S$640,000, 4% of the next S$500,000
- Payment Mode: Cash/CPF

4) Downpayment:
- Timeframe: Within 8 weeks of exercising the option
- % of Purchase Price: 15%
- Payment Mode: Cash/CPF

5) Legal Fees:
- Amount: ~$3500
- Payment Mode: Cash/CPF

6) Valuation Fee:
- Amount: ~$400
- Payment Mode: Cash/CPF

Next are the construction milestones

7) Foundation of Work:
- Timeframe: ~6 – 9 months from launch
- % of Purchase Price: 10%
- Payment Mode: Cash and/or bank loan

8) Reinforced Concrete Framework:
- Timeframe: ~6 – 9 months later
- % of Purchase Price: 10%
- Payment Mode: Cash and/or bank loan

9) Brick Walls of Unit:
- Timeframe: ~3 – 6 months later
- % of Purchase Price: 5%
- Payment Mode: Cash and/or bank loan

10) Ceiling of Unit:
- Timeframe: ~3 – 6 months later
- % of Purchase Price: 5%

11) Door and Window Frames, Wiring, Internal Plastering and Plumbing:
- Timeframe: ~3 – 6 months later
- % of Purchase Price: 5%

12) Car Park, Roads and Drains Serving the Project:
- Timeframe: ~3 – 6 months later
- % of Purchase Price: 5%

Lastly, the completion milestones

13) Notice of Vacant Possession (TOP Date):
- Timeframe: TOP Date
- % of Purchase Price: 25%

14) Legal Completion (CSC Date):
- Timeframe: Date of legal completion/certificate of statutory completion (CSC)
- % of Purchase Price: 15%