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Residential

Staggered Downpayment Scheme

You may be able to use the Staggered Downpayment Scheme to pay your downpayment in 2 instalments. Half of the downpayment is paid when you sign the Agreement for Lease, which is usually within 4 months of booking a flat. The remaining amount is paid during the key collection for your new flat.

Eligibility conditions

2 types of flat buyers are eligible for the Staggered Downpayment Scheme.

First-timer couples

Married couples and those applying under the Fiancé/ Fiancée Scheme qualify for the scheme if they meet these conditions:

  • Booked a new 2-, 3-, 4-, or 5-room uncompleted flat in any of HDB’s sales exercises
  • Are both first-timer applicants, or a couple comprising a first-timer and second-timer
  • Flat application is submitted on or before the younger applicant’s 30th birthday

Flat owners who right-size to 2-room or 3-room flats in non-mature estates

Flat owners can also qualify for the Staggered Downpayment Scheme if they:

  • Bought an uncompleted 2- or 3-room flat in a non-mature estate under HDB’s sales launches
  • Have not sold the existing flat, or the sale of the existing flat has yet to be legally completed at the point of flat application

Phased downpayment under the Staggered Downpayment Scheme

 

Housing Loan from HDB/ Not taking any loan

Housing Loan from Bank

Loan ceiling of 80%

Loan ceiling of 60% or 40%

Downpayment

10%

20%

20%

1st Payment:

Signing of Agreement for Lease

5% using CPF Ordinary Account savings or cash

  • 5% in cash
  • 5% using CPF Ordinary Account savings or cash

10% in cash

2nd Payment:

Collection of keys

5% using CPF Ordinary Account savings or cash

10% using CPF Ordinary Account savings or cash

10% using CPF Ordinary Account savings or cash