When buying a Grand Dunman condo, buyers have the option to pay for the property progressively, in stages, instead of paying the full amount upfront. This payment scheme is known as the Progressive Payment Schedule (PPS).

The Progressive Payment Scheme (PPS) is a payment structure designed for properties that are still under construction, commonly referred to as Buildings Under Construction (BUC). This scheme allows buyers to make payments in stages, corresponding to the completion of certain construction milestones.

Below is an example of a typical payment schedule for a new launch condo using the PPS, based on the information provided in the search results:

Stage	Percentage of Purchase Price	Description	Payment Timing	Payment Mode
1st	5%	Booking & Obtaining Option To Purchase (OTP) Grand Dunman	Day 1	Cash
		Engage a solicitor (~$3000)	ASAP	Cash
		Select Mortgage Loan (Stamp fee ~$500)	ASAP	Cash or CPF OA
	15%	Downpayment for Grand Dunman	Within eight weeks from Date of Option	Cash or CPF OA
		Buyer’s Stamp Duty (BSD) For Grand Dunman	Within two weeks upon signing S&P	Cash or CPF OA
		Additional Buyer’s Stamp Duty (ABSD) For Grand Dunman	Within two weeks upon signing S&P	Cash or CPF OA
2nd	5%	Completion of Foundation Work For Grand Dunman	Upon completion	Cash or CPF OA
3rd	10%	Completion of Reinforced Concrete Framework	Upon completion	Bank Loan
4th	5%	Completion of Brick Wall For Grand Dunman	Upon completion	Bank Loan
5th	5%	Completion of Ceiling / Roofing For Grand Dunman	Upon completion	Bank Loan
6th	5%	Completion of Doors & Windows, Electrical Wiring, Plumbing & Internal Plastering Of Grand Dunman	Upon completion	Bank Loan
7th	5%	Completion of Car Park, Roads and Drains For Grand Dunman	Upon completion	Bank Loan
8th	25%	Obtaining Temporary Occupation Permit (TOP) For Grand Dunman	Upon completion	Bank Loan
9th	15%	Upon Production of the Certificate of Statutory Completion (CSC)	Upon completion	Bank Loan

The initial stages of the PPS involve a 5% booking fee and a 15% downpayment, followed by payments for the Buyer’s Stamp Duty and Additional Buyer’s Stamp Duty. Subsequent payments are made as construction progresses, with the percentage of the purchase price paid at each stage varying from 5% to 25%. The final payment is made upon the production of the Certificate of Statutory Completion (CSC).

It’s important to note that while this table provides a general outline, the exact payment schedule can vary depending on the specific terms set by the developer and the progress of the construction. Buyers should consult with their solicitors and mortgage advisors to understand the specific details and financial implications of their purchase under the PPS

The PPS allows buyers to make payments at various stages of the construction process. This means that the buyer will only need to pay a small percentage of the total purchase price at the time of booking, and the remaining balance will be paid in stages as the construction progresses.

Overall, the PPS provides buyers with a more manageable way to finance their new launch condo purchase. With the ability to pay in stages, buyers can better plan their finances and avoid the burden of paying the full amount upfront.