Progressive Payment for Purchasing a New Launch or Uncompleted Project in Singapore
For purchasing uncompleted projects, or building under construction, payments will come progressively.
After completing the initial stage for booking the unit, exercising the Sales & Purchase Agreement (S&P) and Stamp Duty payments, progressive payment will begin depending on the stage of the construction.
| Stage | Estimated Timeframe | Description | Payment |
|---|---|---|---|
| Stage 1 | Est. 6 – 12 months | Completion of foundation work | 10% |
| Stage 2 | Est. 6 – 9 months | Completion of reinforced concrete framework of the unit | 10% |
| Stage 3 | Est. 3 – 6 months | Completion of brick walls of the unit | 5% |
| Stage 4 | Est. 3 – 6 months | Completion of roofing / ceilings of the unit | 5% |
| Stage 5 | Est. 3 – 6 months | Completion of electrical wiring, internal plastering, plumbing & installation of door & window frames of the unit | 5% |
| Stage 6 | Est. 3 – 6 months | Completion of carparks, roads, & drains serving the development | 5% |
| Stage 7 | Est. 3 – 6 months | Notice of vacant possession (Temporary Occupation of Permit - TOP) | 25% |
| Stage 8 | Est. 1 – 12 months | On certification of statutory completion (CSC) | 15% |
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