New Launch Property Calculation

New Launch Progressive Payment Calculation

Progressive Payment Schedule

Property Purchase Price

 

Buyer Type

Citizen / SPR / Foreigner

Property Ownership

1st Property / 2nd Property / 3rd & above

Loan Tenure (Years)

 

Interest Rate (% / pa

 

 

 

 

1

Booking Fee

5%

2

Upon Signing of the Sale & Purchase Agreement or within 8 weeks from the Option date  

15% (20% less booking fee)

 

 

 

 

Buyer Stamp Duty (BSD)

3% - $5400

 

Additional Buyer Stamp Duty (ABSD)

 

 

 

 

3

Completion of foundation work

10%

4

Completion of reinforced concrete framework of unit

10%

5

Completion of brick walls of unit

5%

6

Completion of roofing/ceiling of unit

5%

7

Completion of electrical wiring, internal plastering, plumbing and installation of door and window frame of unit

5%

8

Completion of car park, roads and drains serving the housing project

5%

9

Issue of Temporary Occupation Permit

25%

10

Transfer of legal titles and issue of certificate of Statutory Completion

15%

 

The calculation takes into consideration the buyer stamp duty (BSD), additional buyer stamp duty (ABSD) and your financial obligation to the bank.

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