What is the payment schedule for a landed house with extension

For a new launch private property in Singapore, including landed houses, the payment schedule follows the Progressive Payment Scheme. Here is a general outline of the payment stages:

Initial Stages

• Booking and Obtaining Option to Purchase: 5% of the purchase price, paid in cash.
• Downpayment: 15% of the purchase price, paid within eight weeks from the date of the option, using cash or CPF Ordinary Account (OA).
• Buyer's Stamp Duty and Additional Buyer's Stamp Duty: Paid within two weeks upon signing the Sale and Purchase agreement, using cash or CPF OA.

Construction Milestones

• Completion of Foundation Work: 5% of the purchase price, paid using cash or CPF OA, and an additional 5% can be financed through a bank loan.
• Completion of Reinforced Concrete Framework: 10% of the purchase price, financed through a bank loan.
• Completion of Brick Walls: 5% of the purchase price, financed through a bank loan.
• Completion of Ceiling/Roofing: 5% of the purchase price, financed through a bank loan.
• Completion of Doors/Windows Frames, Electrical Wiring, Plumbing, and Internal Plastering: 5% of the purchase price, financed through a bank loan.
• Completion of Car Park, Roads, and Drains: 5% of the purchase price, financed through a bank loan.

Final Stages

• Obtaining Temporary Occupation Permit (TOP): 25% of the purchase price, financed through a bank loan.
• Upon Production of the Certificate of Statutory Completion (CSC): 15% of the purchase price, financed through a bank loan.

This schedule ensures that payments are aligned with the progress of the construction, allowing buyers to manage their financial commitments more effectively.