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Hi,
Per URA progressive payment schedule for new development, it's stated:
=> 20% payment - upon signing Sales & Purchase agreement (~ 8weeks fr option date)

Thereafter, payment kicks-in by phases, Question: Based on units TOP 2014 – 2015, can you share what are the approx. timeline these payments are due after SPA signing. Can you quote in terms of weeks/ months? Not sure how this works…
=> Completion of foundation work 10%
=> Completion of reinforced concrete framework of unit 10%
=> Completion of brick walls of unit 5%
=>Completion of roofing/ceiling of unit 5%
=>Completion of electrical wiring,
=>internal plastering, plumbing and installation of door and window frames of unit 5%
=>Completion of car park, roads and drains serving the housing project 5%
Thx.
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4 Answers

Aren Goh
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Hi! Based on typical new developments that obtained TOP around 2014–2015, the progressive payments after SPA usually followed this rough timeline (from signing the SPA):
• 20% upon SPA signing – usually ~8 weeks from the option date
• 10% on completion of foundation work – ~3–4 months after SPA
• 10% on completion of reinforced concrete framework – ~6–7 months after SPA
• 5% on completion of brick walls – ~8–9 months after SPA
• 5% on completion of roofing/ceiling – ~10–11 months after SPA
• 5% on completion of electrical wiring, internal plastering, plumbing, door & window frames – ~12–14 months after SPA
• 5% on completion of car park, roads, and drains serving the project – ~14–16 months after SPA

These are approximate timelines, as construction pace can vary depending on the developer and project scale.

If you want, I can also explain how these milestones typically tie to your CPF or cash payment schedule, so it’s easier to plan your finances.

— Aren from Propnex, 9657 6701  Read More
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Able S.K Toh
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Able S.K Toh
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Able S.K Toh
Replied
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: @ +65 9 8 5 6 9 2 5 5

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** ✔✔Connect Singapore Line: ✔✔(65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!! Read More
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