You’ve had your eye on that new launch condo for a long time; and now that it’s complete, you can even move in right after buying. Well, get ready to be introduced to the Deferred Payment Scheme (DPS) when you start enquiring about the price. As if the enthusiastic sales pitch wasn’t enough, now someone is telling you can skip payments for two whole years on top of it. If it sounds too good to be true, that’s probably because you’re getting the simplified version. There’s a price for anything, especially if you don’t want to pay a home loan for two years. Here’s a look at whether the deferred payment scheme is the best deal for everyone: What is a Deferred Payment Scheme anyway? With some variations*, the deferred payment scheme allows a buyer to put down just 20 per cent of the property price, before being allowed to...