Progressive Payment Scheme
Make Instalment Payments In Tandem With The Construction Progress
| Stage | % | Description | When to Get Ready | Payment Mode |
| 1st | 5% | Booking & Obtaining Option To Purchase | Day 1 | Cash |
| Buyer to engage solicitor (~ $3000) Buyer to select the Mortgage Loan (Stamp fee ~$500) |
Within 1 week from Date of Option | Cash or CPF OA | ||
| Receipt of S&P S&P will be sent to Buyer’s Lawyer or to Buyer if no lawyer is appointed yet |
Within 1-2 weeks from Date of Option | |||
| Signing of S&P Buyer to sign S&P at the law firm |
Within 3 weeks of receipt of S&P | |||
| 3% – $5,400 or 4% – $15,400 |
Buyer’s Stamp Duty <$1m: 1st $180k 1%, Next $180k 2%, Next $640k 3% >$1m: 1st $180k 1%, Next $180k 2%, Next $640k 3%, Remaining 4% |
Within 2 weeks upon signing S&P | Cash or CPF OA | |
| Additional Buyer’s Stamp Duty SC: N/A, 12%, 15% SPR: 5%, 15%, 15% Foreigner: 20%, 20%, 20% |
Within 2 weeks upon signing S&P | Cash or CPF OA | ||
| 15% | Downpayment | Within 8 weeks from Date of Option | Cash or CPF OA | |
| 2nd | 5% | Completion of Foundation Work 完成地基 |
Around 6 – 9 months | Cash or CPF OA |
| 5% | Bank Loan | |||
| 3rd | 10% | Completion of Reinforced Concrete 完成三合土框 |
Around 6 – 9 months | Bank Loan |
| 4th | 5% | Completion of Brick Wall 完成砖墙 |
Around 3 – 6 months | Bank Loan |
| 5th | 5% | Completion of Ceiling / Roofing 完成天花板/屋顶 |
Around 3 – 6 months | Bank Loan |
| 6th | 5% | Completion of Doors & Windows Frames are in position, the Electrical Wiring & Plumbing & Internal Plastering 完成门/窗框，电线，水管及内部抹灰 |
Around 3 – 6 months | Bank Loan |
| 7th | 5% | Completion of Car Park, Roads and Drains 完成停车场道路与水渠 |
Around 3 – 6 months | Bank Loan |
| 8th | 25% | Obtaining Temporary Occupation Permit (TOP) 取得临时居住许可证 |
Around 1 year | Bank Loan |
| 9th | 15% | Upon Production of the Certificate of Statutory Completion (CSC) 取得法定完工证书 |
Around 1 year | Bank Loan |
