Staggered Downpayment Scheme

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

Eligibility conditions

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

Flat owners who right-size to a 3-room or smaller flat in non-mature estates

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

  • Booked an uncompleted 3-room or smaller flat in a non-mature estate in any of HDB’s sales exercises
  • Have not sold or completed the sale of their existing flat at the point of new flat application

Phased downpayment under the Staggered Downpayment Scheme

For new flats booked before 6 Jul 2018:

 

Housing Loan from HDB/ Not taking any loan

Housing Loan from Bank

Loan ceiling of 80%

Loan ceiling of 60%

Downpayment at Signing of Agreement for Lease

5% using CPF Ordinary Account savings or cash

  • 5% minimum cash payment
  • Remaining 5% using CPF Ordinary Account savings or cash

10% minimum cash payment

Payment during Collection of keys

5% using CPF Ordinary Account savings or cash

10% using CPF Ordinary Account savings or cash

30% using CPF Ordinary Account savings or cash

For new flats booked on or after 6 Jul 2018:

 

Housing Loan from HDB/ Not taking any loan

Housing Loan from Bank

Loan ceiling of 75%

Loan ceiling of 55%

Downpayment at Signing of Agreement for Lease

5% using CPF Ordinary Account savings or cash

  • 5% minimum cash payment
  • Remaining 5% using CPF Ordinary Account savings or cash

 

10% minimum cash payment

Payment during Collection of keys

5% using CPF Ordinary Account savings or cash

15% using CPF Ordinary Account savings or cash

35% using CPF Ordinary Account savings or cash