For new launch EC purchase, there are 2 type of payment schemes available to buyers.
The timeline of the each payment scheme is described in the table below. Do note that it is not possible to change payment scheme once OTP and S&P is issued to purchaser.
There will be also price difference between both payment scheme. Usually deferred payment will be 2-3% premium added on top of purchase price.
| Description | % of Purchase Price | ||
| Normal Progressive Scheme | Deferred Payment Scheme | ||
| Upon granting of Option to Purchase (OTP) – Booking Fee | 5% (cash) | 5% (cash) | |
| Upon signing Sales & Purchase Agreement (S&P) | 9 weeks from issue of OTP | 15% (Cash/CPF or Both) | 15% (Cash/CPF or Both) |
| Payment of Buyer stamp duty within 14days | 4% + Legal Fee (Cash/CPF) | 4% + Legal Fee (Cash/CPF) | |
| Completion of Foundation work | 6 – 9 months | 10% | Deferred Payment (Only applicable for EC purchase) |
| Completion of Reinforced concrete framework | 6 – 9 months | 10% | |
| Completion of Brick walls | 3 – 6 months | 5% | |
| Completion of Roofing / Ceiling | 3 – 6 months | 5% | |
| Completion of Electrical wiring; Internal Plastering; Plumbing; Installation of Doors & Window frames | 3 – 6 months | 5% | |
| Completion of Carparks; roads & drainage system | 3 – 6 months | 5% | |
| Notice of Vacant Possession | TOP | 25% | 65% |
| Legal Completion date | CSC | 15% | 15% |
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