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Payment Type & LTV

PROGRESSIVE PAYMENT

Order of Payment Progress of Work % of Purchase Price
1st Payment i) On obtaining Option to Purchase 5% (cash)
ii) On signing of the Agreement for Sales & Purchase 15%
or within 8 to 9 weeks from the date of the Option to Purchase
whichever is earlier (Cash or CPF or both)
**Stamp duty is to be paid within 1st Payment
2nd Payment i)  Foundation Works (est. 6-9mths) 10%
3rd Payment ii) Reinforced concrete framework of building unit (est. 6-9mths) 10%
4th Payment iii) Brickwalls of Building unit (est. 3-6mths) 5%
5th Payment iv) Ceiling of building unit (est. 3-6mths) 5%
6th Payment v) Door and windows frames, electrical wiring (w/o fitting) 5%
and plumbing and internal plastering of building unit (est. 3-6mths)
7th Payment vi) Car Parks, roads and drain serving the project (est. 3-6mths) 5%
8th Payment Within 14 Days upon production of Temporary Occupation Permit (TOP) 25%
9th Payment Where completion of Sale and Purchase occurs before the issue 15%
of Certificate of Statuary Completion(CSC)
Total 100%



DEFERRED PAYMENT *mainly only applicable for EC purchase only

Order of Payment Progress of Work % of Purchase Price
1st Payment i) On obtaining Option to Purchase 5% (cash)
ii) On signing of the Agreement for Sales & Purchase 15%
or within 8 to 9 weeks from the date of the Option to Purchase
whichever is earlier (Cash or CPF or both)
**Stamp duty is to be paid within 1st Payment
2nd Payment Within 14 Days upon production of Temporary Occupation Permit (TOP) 65%
3rd Payment Where completion of Sale and Purchase occurs before the issue 15%
of Certificate of Statuary Completion(CSC)
Total 100%


Loan To Value (LTV) for new purchase on & after 12 Jan 13

Loan To Value Chart



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