Buyer purchasing a uncompleted properties from a developer will be subject to a progressive payment schedule.
Progressive Payment Schedule
| Timeline | Stage | % of Purchase Price | Remark |
| Booking Day | Upon the grant of Option to Purchase | 5% | Cash payment only. No CPF |
| Within 2 weeks from booking | Developer send S & P to buyer’s law firm | – | Buyer has 3 weeks to exercise S & P |
| Within 3 weeks from receiving the S & P | Exercise S & P with your law firm | – | To avoid a extra trip to the law firm, usually you will pass the next 15% and the stamp duty amount to your lawyer at this stage. |
| Within 2 weeks from exercising the S & P | Pay BSD & ABSD | – | See page on Buyer Stamp Duty (BSD) & Additional Buyer Stamp Duty (ABSD) for details. |
| 8 weeks from booking | Exercise S & P with developer | 15% | Buyer’s Law firm will deliver your payment to developer. |
| Estimate 9 to 12 months from start of construction | Completion of foundation work | 10% | 5% of this payment have to be in cash or CPF. The other 5% can be from your home loan. |
| Estimate 6 to 9 months from the previous stage | Completion of reinforced concrete framework of unit | 10% | For 75% loan, the bank will make payment to your developer from here on. You will start paying instalment base on the amount of disbursed to the developer. |
| Estimate 3 to 6 months from the previous stage | Completion of brick walls of unit | 5% | – |
| Estimate 3 to 6 months from the previous stage | Completion of electrical wiring, internal plastering, plumbing and installation of door and window frames of unit |
5% | – |
| Estimate 3 to 6 months from the previous stage | Completion of car park, roads and drains serving the housing project |
5% | – |
| Estimate 3 to 6 months from the previous stage | Notice of Vacant Possession (TOP) | 25% | This is when you get the keys to your property |
| Estimate 6 to 12 months from TOP |
On Completion Date | 15% | – |