Скачать или смотреть Payment & Timeline Guide for Buying a New Condo in Singapore

How to Navigate the Payment Schedule When Buying a New Launch Condo in Singapore 🏠💸

In this video, we're diving into one of the most important aspects of buying a new launch condo: the payment schedule and key milestones you need to be aware of.

If you're planning to buy a new condo and want to know how the progressive payment works, this video breaks it all down for you. We’ll use a $1.5 million condo as an example to show how the payment process unfolds, from the option fee to your monthly mortgage repayments, and the stages at which the bank disburses your loan.

🔑 What You’ll Learn:

How much you need to pay upfront (option fee, stamp duties, and down payment).

The progressive payment schedule, including key milestones like foundation completion, reinforced concrete works, and the Temporary Occupation Permit (TOP).

The impact of these stages on your monthly mortgage repayments.
Important costs to plan for, like the 6-month advance maintenance fee, property tax, and fire insurance.

The final step: when the Certificate of Statutory Completion (CSC) is issued, and your full loan repayment begins.

📊 Example Breakdown: We use a practical example of a 35-year-old buyer purchasing a $1.5 million condo with a 75% bank loan ($1.125M) over 30 years at 3.5% interest.

We’ll explain how your monthly payment increases throughout the construction process, eventually reaching around $5,052 once the condo is completed.

By the end of this video, you'll have a clearer picture of how the whole payment process works, so you can plan ahead and avoid any surprises.

💬 Need help navigating the process? If you have any questions about buying a new launch condo in Singapore, don’t hesitate to reach out to Judy The Agent, your trusted real estate partner, to assist you every step of the way.

WhatsApp: +65 8205 0290

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