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EC Normal Progressive Payment Scheme

Scheduled Payment To The Developer According To The Progress Of The Development

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​Progressive Payment Schedule for Buying New Launch Executive Condo

When you opt for EC Normal ​Progressive Payment Scheme, you make instalment payments in tandem with the construction progress.

The Progressive Payment Schedule for buying new launch EC deals - with the Executive Condo development that is in the process of being built.

  • It refers to the payment by instalments, typically 5 – 10 per cent. When the construction works reach a specific milestone, the developer will call for the payment from the EC buyers.
  • During the initial stages, payments are far apart. Payments become more constant from 4th stage onwards.
    • For example, you would pay the developer one instalment upon the completion of the foundation, one more payment when the walls are up, one more when the roofs are ready, etc.

EC Normal Progressive 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
3rd10%Completion of Reinforced Concrete
完成三合土框
Bank Loan
4th5%Completion of Brick Wall
完成砖墙
Bank Loan
5th5%Completion of Ceiling / Roofing
完成天花板/屋顶
Bank Loan
6th5%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
7th5%Completion of Car Park, Roads and Drains
完成停车场道路与水渠
Bank Loan
8th25%Obtaining Temporary Occupation Permit (TOP)
取得临时居住许可证
Bank Loan
9th15%Upon Production of the Certificate of Statutory Completion (CSC)
取得法定完工证书
Bank Loan

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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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