Payment Scheme

Please see the attached below for the payment scheme that is used for the purchase of residential properties in Singapore. The Payment Scheme is commonly known as the Progressive Payment Scheme and is readily used by the local banks and regulated by Monetary Authority of Singapore (MAS).

Progressive Payment Schedule
StagePercentage Payment of Purchase Price
Booking Fee5%
Upon signing Agreement / within 8 weeks immediately after date of Option20%
Foundation work5%
Reinforced concrete framework10%
Partition walls5%
Roofing5%
Door sub-frames / door frames, window frames, electrical wiring (without fittings), internal plastering and plumbing5%
Car park, roads and drains serving the housing project5%
Building, roads and drainage and sewerage works in the housing estate, connection of water, electricity and gas supplies

(At this stage the Temporary Occupation Permit is typically released, meaning you can pick up your keys and move in)

25%
Final Payment Date and/or Completion (might be staggered further depending on when the Certificate of Statutory Completion is issued)15%

More information on Tampines EC

The information on the site plan and floor plans for the development will be available soon. Please also see the gallery as well as the video and e-brochure which will be uploaded here soon.

Disclaimer: The information listed above are strictly for your reference only and is by no means a conclusive and final representation of the units available. The chart is currently draft and is subjected to the final approval from the authorities. The developer and the salesperson is not responsible for the information reflected above and the information is strictly for entertainment purposes only. Please check with the direct developer sales team for more information for a more accurate representation. You can also register for a show flat viewing to get a better representation for the development for your consideration. Information on the elevation chart as well as the balance unit chart can be found here as well as at the showflat.

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