Tools
Progressive payments calculator
New launch condos and most ECs are paid in stages under the Normal Payment Scheme, tied to construction milestones. See exactly how much is due at each stage, from your purchase price.
At booking
Booking fee (Option to Purchase)
$75,0005% of price
Paid so far $75,000 (5%)
About 2 months after the option
Sign S&P and pay balance downpayment (within 8 weeks)
$225,00015% of price
Paid so far $300,000 (20%)
About 9 months after the option
Completion of foundation
$150,00010% of price
Paid so far $450,000 (30%)
About 15 months after the option
Completion of reinforced concrete framework
$150,00010% of price
Paid so far $600,000 (40%)
About 21 months after the option
Completion of partition walls
$75,0005% of price
Paid so far $675,000 (45%)
About 24 months after the option
Completion of roofing
$75,0005% of price
Paid so far $750,000 (50%)
About 27 months after the option
Door & window frames, wiring, plastering, plumbing
$75,0005% of price
Paid so far $825,000 (55%)
About 30 months after the option
Car park, roads and drains
$75,0005% of price
Paid so far $900,000 (60%)
About 36 months after the option
Temporary Occupation Permit (TOP)
$375,00025% of price
Paid so far $1,275,000 (85%)
About 48 months after the option
Certificate of Statutory Completion (CSC)
$225,00015% of price
Paid so far $1,500,000 (100%)
This is the Normal Payment Scheme under the Housing Developers Rules; every new launch condo and most ECs bought from the developer follow it. Months are typical, not guaranteed: actual dates depend on construction progress. The bank draws down your loan stage by stage, so your monthly instalment rises as construction progresses, rather than starting at the full amount.
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