Your essential guide to understanding the progressive payment schedules and associated fees when purchasing a new launch property in Malaysia or Singapore.
🇲🇾 Malaysia: Progressive Payment Schedule
For typical Malaysia new launch projects, a qualified purchaser makes installment payments of the purchase price according to the Sales and Purchase (SPA) agreement as the property developer completes specific construction phases.
Malaysia Payment Stages
| Purchasing Stage 房屋建设进度付款 | Paying Stages in % 付款 |
|---|---|
| Booking fee/ Upon granting of Option to Purchase 买房订金 | Booking fee (varies) |
| Immediately upon signing of SPA 完成买卖合约（S&P） | 10.0% (less booking fee) |
| Completion of foundation work 完成打桩/地基 | 10.0% |
| Completion of the structural framework 完成框架和地板 | 15.0% |
| Completion of the walls with door and window frames 完成墙壁和门窗架 | 10.0% |
| Completion of the roofing, electrical wiring, plumbing (without fittings), gas piping (if any) and internal telephone trunking and cabling. 完成屋顶/天花板/电线配管 (没有配件)/气体管道(若有)/内部电话联接 | 10.0% |
| Completion of the internal and external finishes including the wall finishes. 完成内外墙的灰 | 10.0% |
| Completion of the sewerage works 完成污水运作系统 | 5.0% |
| Completion of the drains serving the said Building 完成沟渠运作系统 | 5.0% |
| Completion of the roads serving the said Building 完成道路运作系统 | 5.0% |
| On the date the Purchaser takes vacant possession of the said Parcel with water and electricity supply ready for connection 拿锁匙，水电具备 | 12.5% |
| On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor’s solicitors as stakeholder for payment to the Vendor within twenty-one (21) working days after the receipt by the Purchaser of the written confirmation of the Proprietor/Vendor’s submission to and acceptance by the Appropriate Authority of the application for subdivision of the said Building or Land, as the case may be | 2.5% |
| On the date the Purchaser takes vacant possession of the said Parcel as in item 3 and to be held by the Vendor’s solicitors as stakeholder for payment to the Vendor as follows. 剩下的5%由律师楼保管 | 5.0% |
| (a) two point five per centum (2.5%) at the expiry of eight (8) months after the date the Purchaser takes vacant possession of the said Parcel 拿锁匙的6个月后 | |
| (b) two point five per centum (2.5%) at the expiry of twenty-four (24) months after the date the Purchaser takes vacant possession of the said Parcel 拿锁匙的18个月后 |
💲 Other Fees Payable in Malaysia
Stamp Duty (S&P)
- Based on 4% of Purchase Price
Stamp Duty (Bank Loan)
- Based on 0.5% of Loan Amount
Legal Fee (S&P)
- Approximately 0.8% of Purchase Price
Legal Fee (Bank Loan)
- Approximately 1% of Loan Amount
State Levy (if applicable)
- Johor: RM50K/ 3%
- Kuala Lumpur: RM1K (registration fee, no State Levy)
🏦 Malaysia Mortgage Loan Insights
Typical Loan Quantum:
- Local Purchasers: 80% – 90%
- Singaporean Purchasers: 60% – 70%
- Foreign Purchasers: 50% – 70%
Loan Tenure:
Up to 40 years or age of 70, subject to bank’s approval.
Interest Rate:
Around 3.5%
Other Considerations:
Lock-in period, flexi/semi-flexi loan options.
🇸🇬 Singapore: Progressive Payment Schedule
For typical Singapore new launch projects, purchasers make installment payments of the purchase price under the Sales & Purchase (S&P) agreement as the developer completes various construction phases.
Singapore Payment Stages
| Purchasing Stage 房屋建设进度 | Paying Stages in % 付款 |
|---|---|
| Upon granting of Option to Purchase 买房订金 | 5% (Booking fee) |
| Upon signing of the Sale & Purchase Agreement 完成买卖合约（S&P） | 15% |
| Completion of foundation work 完成打桩/地基 | 10% |
| Completion of reinforced concrete framework of unit 完成框架和地板 | 10% |
| Completion of brick walls of unit 完成墙壁 | 5% |
| Completion of roofing/ceiling of unit 完成屋顶/天花板 | 5% |
| Completion of electrical wiring, internal plastering, plumbing and installation of door and window frames of unit 完成电线配管 (没有配件)/气体管道(若有)/内部电话联接和门窗架 | 5% |
| Completion of car park, roads and drains serving the housing project 完成停车场，道路和污水运作系统 | 5% |
| Notice of Vacant Possession 拿锁匙，水电具备 | 25% |
| On Completion Date 法定工程完工 | 15% |
💸 Other Fees Payable in Singapore
Stamp Duty
Tiered based on purchase price. Generally use 4% for quick calculation.
Additional Buyer Stamp Duty (ABSD)
- An additional stamp duty on top of the basic stamp duty, applicable based on nationality and property count:
- SC: 1st 0% | 2nd 20% | 3rd+ 30%
- PR: 1st 5% | 2nd 30% | 3rd+ 35%
- Foreigner: 60% Flat Rate
- Entity/ Trustees: 65% Flat Rate
Legal Fees
Approximately $2,500 to $3,500
🏡 Obtaining Mortgage Loan in Singapore
Max Loan for First Housing Loan:
Up to 75% bank loan (up to 30 years or age of 65).
Max Loan for Second or Subsequent Property:
Up to 45% bank loan if you have an outstanding mortgage loan (e.g., currently servicing an HDB loan). (up to 30 years or age of 65).
💰 CPF Minimum Sum
Important: If this is your second or subsequent property using CPF funds, it’s mandatory to set aside the Basic Retirement Sum of $110,200 (as of 2026*) in your OA + SA
🤝 Need Expert Guidance?
Navigating property purchases in Malaysia and Singapore involves complex payment schedules, fees, and loan considerations. We’re here to help simplify the process for you!
Our team specializes in new launch properties and can provide tailored advice.
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📞 Free consultation and financial calculations
📝 Key Takeaways
🇲🇾 Malaysia Highlights
- Phased payments tied to construction
- Booking fee + 10% on SPA signing
- Loan quantum up to 90% for locals
- Legal fees and stamp duties applicable
🇸🇬 Singapore Highlights
- Phased payments from booking to completion
- 5% booking + 15% on S&P signing
- Max 75% bank loan for first-timers
- ABSD and CPF minimum sum considerations
🌍 Investment Potential
- Over 120 active Singapore projects
- TOP Picked Overseas Property Investment
- High guaranteed rental yield up to Nett 10% p.a / up to 10 years
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CS Tee
(+65)84188689
“Hi, I’m CS Tee (MySgProp.com), CEA licensed real estate advisor in Singapore since 2012. On top of Buy/ Sell/ Rent for Singapore property, we’re also market new launches for developers in various countries, i.e Malaysia, Indonesia, Thailand, Vietnam, Cambodia, UK, Australia and Dubai. If you or your friends need assistance with housing, feel free to refer them to us. We offer a generous referral fee as a token of our appreciation!”