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23 Feb 2022

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Progressive Payment Scheme: Buying New Launch Condo Guide in 2022

The PPS applies to properties still under construction, also known as Buildings Under Construction (BUC). It refers to paying by instalments (typically 5-10% of the property purchase price) when the construction reaches particular milestones. For resale condos, you need to make a 25% down payment and start your monthly repayments right away.

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