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EC Deferred Payment Scheme

No Loan Repayment Is Required During The Construction Period

Explore The Possibility To Upgrade Your House COMFORTABLY!

Deferred Payment Schedule for Buying New Launch Executive Condo

When you opt for EC Deferred Payment Scheme, you only make instalment payments after you have gotten the Temporary Occupation Permit (TOP).

EC Deferred Payment Scheme allows EC Buyers to put down 20 per cent downpayment. The remaining 65 per cent is payable only when you receive a Notice of Temporary Occupation Permit (TOP). Or in simple terms, until the EC Executive condominium is ready for occupation.

If EC Buyers opt for Deferred Payment Scheme, they do not need to handle two mortgage loans at the same time. It offers those with existing loan repayment some flexibility in managing their finances.

However, the New Launch EC purchase price on EC Deferred Payment Scheme is usually 2-3% higher than the one on Normal Progressive Payment Scheme.

EC Deferred Payment Scheme (LTV 75%)

Stage%DescriptionWhen to Get ReadyPayment Mode
1st5%Booking & Obtaining Option To PurchaseDay 1Cash
Payment of Resale Levy

  • If the 1st subsidised flat already been sold. Pay at the HDB Branch, before EC Buyer signs the S&P.
  • If the 1st subsidised flat is not sold yet, pay upon the sale of the 1st subsidised flat, within six mths from the date of TOP
Cash
Buyer to engage solicitor (~ $3000)
Buyer to select the Mortgage Loan (Stamp fee ~$500)
Buyer to submit documents to HDB
ASAPCash or CPF OA
Buyer's Stamp DutyWithin two weeks upon signing S&PCash or CPF OA
15%DownpaymentWithin nine weeks from Date of OptionCash or CPF OA
2nd5%Completion of Foundation Work
完成地基
Cash or CPF OA
5%Bank Loan
10%Completion of Reinforced Concrete
完成三合土框
Bank Loan
5%Completion of Brick Wall
完成砖墙
Bank Loan
5%Completion of Ceiling / Roofing
完成天花板/屋顶
Bank Loan
5%Completion of Doors & Windows Frames are in position, the Electrical Wiring & Plumbing & Internal Plastering
完成门/窗框,电线,水管及内部抹灰
Bank Loan
5%Completion of Car Park, Roads and Drains
完成停车场道路与水渠
Bank Loan
25%Obtaining Temporary Occupation Permit (TOP)
取得临时居住许可证
Bank Loan
3rd15%Upon Production of the Certificate of Statutory Completion (CSC)
取得法定完工证书
Bank Loan

REGISTER YOUR INTEREST

Let's meet for a Non-Obligatory casual discussion today. You will be SURPRISED at the insights that we will share with you.

With your permission, we will work out a PROPER FINANCIAL & TIMELINE PLAN that suits you the best!

Explore the possibility to Upgrade Your House Comfortably WITHOUT FORKING OUT EXTRA CASH from your pocket
The MUST-HAVE CALCULATIONS and DATA to recognize your Current Financial Standing for you to plan ahead
Tips to accumulate your wealth through a SIMPLE YET EFFECTIVE CPF USAGE PLAN
How to create and execute a PROPERTY SAVINGS PLAN
A far-sighted “ROADMAP” that will allow you to RETIRE COMFORTABLY
How you can qualify for special DIRECT DEVELOPER PRICING, especially during the official launch and show flat preview

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