PPS is the default scheme for private new launches, and unlike a completed resale purchase, the buyer is not paying the full price upfront; each milestone, foundation, reinforced concrete works, roof and so on, triggers a further percentage payment as it is completed.
For an HDB upgrader buying a new launch under PPS while still owning an HDB flat, timing matters: the HDB sale should ideally complete within 6 months of the new launch's projected Temporary Occupation Permit date, which usually means starting to market the HDB flat 6 to 12 months before that estimated TOP.
Because payments stretch over years rather than arriving as one lump sum, PPS reduces the upfront cash burden compared with a resale purchase, but it also means a buyer is exposed to construction timeline risk and must plan CPF and cash across the full build period, not just at booking.
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Book a free 30 minute callWinfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence No. L31010886H). CEA R073319H. This page is for general information only and does not constitute financial, investment, or legal advice. Verify current figures with IRAS, HDB, CPF Board, or MAS before making any decision.