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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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Anyone has any insights on how developer pricing works for new launch condos? Is it true that buying new launch condos earlier tends to be cheaper?

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Hi! May I check for buying new launch condos, the electrical appliances that I see in showroom, these will be given to me in actual condo when TOP? Will the brands be stated in the purchase contract?

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