New Condo Launches Payment

Progress Payment (New Condo)

Standard Payment Scheme 

No Existing Mortgage Loans (80% Bank Loan)
 
StagePayment ( % of purchase price )
Upon the grant of Option to Purchase (Booking fee)5% - 10%(Cash)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date20% less booking fee(Cash/CPF)
Completion of foundation work (Start of loan payments)10%
Completion of reinforced concrete framework of unit10%
Completion of brick walls of unit5%
Completion of roofing/ceiling of unit5%
Completion of electrical wiring, internal plastering, plumbing and installation of door and window frames of unit5%
Completion of car park, roads and drains serving the housing project5%
Notice of Vacant Possession25%
On Completion Date15%
 


Existing Mortgage Loans (60% Bank Loan)
 
StagePayment ( % of purchase price )
Upon the grant of Option to Purchase (Booking fee)5% - 10%(Cash)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date20% less booking fee(Cash/CPF)
Completion of foundation work10%(Cash/CPF)
Completion of reinforced concrete framework of unit10%(Cash/CPF)
Completion of brick walls of unit (Start of loan payments)5%
Completion of roofing/ceiling of unit5%
Completion of electrical wiring, internal plastering, plumbing and installation of door and window frames of unit5%
Completion of car park, roads and drains serving the housing project5%
Notice of Vacant Possession25%
On Completion Date15%
 



Deferred Payment Scheme 
 
StagePayment under scheme A( % of purchase price )Payment under scheme B( % of purchase price )
Upon the grant of Option to Purchase (Booking fee)5%(Cash)5%(Cash)
Upon signing of the Sale & Purchase Agreement or within 8 weeks of Option date20% less booking fee(Cash/CPF)10% less booking fee(Cash/CPF)
Notice of Vacant Possession65%75%
On Completion Date15%15%
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Stanley Tan 陈健德
ERA Associate Division Director
ERA REALTY NETWORK PTE LTD
stanleyera@gmail.com
CEA Licence No.:
L3002382K / R024419A
+(65) 9889 4979