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 % Description When to Get Ready Payment Mode
1st 5% Booking & Obtaining Option To Purchase Day 1 Cash
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
Buyer to engage solicitor (~ $3000)
Buyer to select the Mortgage Loan (Stamp fee ~$500)
Buyer to submit documents to HDB
Buyer's Stamp Duty Within two weeks upon signing S&P Cash or CPF OA
15% Downpayment Within nine weeks from the Date of Option Cash or CPF OA
2nd 5% Completion of Foundation Work
Cash or CPF OA
5% Bank Loan
10% Completion of Reinforced Concrete
Bank Loan
5% Completion of Brick Wall
Bank Loan
5% Completion of Ceiling / Roofing
Bank Loan
5% Completion of Doors & Windows Frames are in position, the Electrical Wiring & Plumbing & Internal Plastering
Bank Loan
5% Completion of Car Park, Roads and Drains
Bank Loan
25% Obtaining Temporary Occupation Permit (TOP)
Bank Loan
3rd 15% Upon Production of the Certificate of Statutory Completion (CSC)
Bank Loan

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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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