Payment Guide
Step-by-step Guide to Purchase Projects under Construction

under construction purchasing guide


Under the standard Sale & Purchase Agreement, purchasers are required to make installment payments of the purchase price, typically referred to as progressive payments, as and when the developer completes the different stages of construction of the housing project. All installment payments up to the issue of Temporary Occupation Permit are to be paid into the Project Account which the developer is required to maintain with a bank or financial institution.

Standard Payment Scheme

The time for payment and the amount of purchase price payable under the standard payment scheme is shown in the following table:

                                             Stage                                                Payment under a standard payment scheme (% of purchase price) 
Upon the grant of Option to Purchase5% - 10% (Booking fee) 
Upon sign of the Sale & Purchase Agreement or within 8 weeks from the Option date 20% less booking fee
Completion of foundation work 10% 
Completion of reinforced concrete framework of unit10% 
Completion of partition walls of unit 5% 
Completion of roofing / ceiling of unit5% 
Completion of door sub-frames / door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5% 
Completion of car park, roads and drains serving the housing project5% 
Issue of Temporary Occupation Permit 25% 
On Completion Date 2% 
Issue of Certificate of Statutory Completion 8%
Expiry of the defects liability period 5% 


Step-by-step Guide to Purchase Completed Projects

completed projects purchasing guide
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Joey Sun Huiyi 孙蕙怡
Senior Associate Marketing Director
PROPNEX REALTY PTE LTD
joeyproperty@yahoo.com.sg
CEA Licence No.:
L3008022J / R026795G
+(65) 8288 2804