Calculator ยท Executive condominiums
EC progressive payment calculator
A new executive condominium is paid for in construction stages, much like a private condominium, but the buyers are citizen households and the CPF housing grant can apply. This calculator lays out the EC schedule: what you pay at booking and at the option, when the bank starts releasing money, and the monthly bill at each stage. It starts with a 1.50% loan rate and a round sample price; overwrite both.
Illustrative figure, enter your own price.
How the price is paid for
| Part | % | Sum |
|---|
Duties and early costs
What the bank releases at each stage, and the monthly bill
Scroll the table sideways on a phone
| Stage | Bank pays now (% of price) | Sum released | Milestone | Monthly bill (est.) | of which interest | of which principal |
|---|
The stages follow the standard schedule for homes sold before completion. The 5% booking fee is always cash, and your down payment covers the early stages before the bank pays anything. Duty and conveyancing come out of your own cash up front, and CPF may reimburse you afterwards when the balance allows. The CPF grant goes into your CPF account, so it does not lower the cash you need. Both duties fall due 14 days after the option is exercised. Your signed agreement holds the binding schedule.
Only citizen households, or households with a citizen and an eligible permanent resident, may buy a new executive condominium from the developer, so foreign and company buyers are left out of this page. Check final numbers with your bank, HDB, IRAS or MAS.
Points to keep in mind
The grant is paid into the buyers' CPF accounts, so it helps with the later stages and the loan but leaves the cash due at booking unchanged. Only citizen and permanent-resident buyer profiles are offered here, because those are the households that may buy an EC from the developer.
Related tools
The executive condominium guide explains eligibility and the grant bands. Start with the EC affordability calculator to size the loan, and finish with the EC stamp duty calculator. The progressive payment scheme guide describes every construction stage.
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