Short answer
You pay a booking fee at the sales gallery, sign the Sale and Purchase Agreement (S&P) within a set period, pay a downpayment, and then pay in stages as construction progresses until the Temporary Occupation Permit (TOP). Expect to wait several years for completion †.
† marks a figure we have not confirmed yet. Check the official source before relying on it.
The flow
- Preview and showflat visit; register interest.
- Choose a unit on launch day; pay the booking fee.
- Sign the S&P and pay the balance of the downpayment.
- Pay progressively as milestones are certified, funded partly by your bank loan.
- TOP, defect inspection and key collection.
What to check
- Developer track record: see our developer guides.
- Late-delivery compensation terms in the S&P.
- Price per square foot against nearby launches and resale on URA.
- Whether foreigners or second-time buyers face extra stamp duty (ABSD).
Buying an Executive Condo? The payment scheme changed in 2026. See the new EC rules.
Sources to check
Frequently asked questions
Can I sell a new launch before it is completed?
You can, but you may face Seller's Stamp Duty and, if you have used a loan, bank and developer conditions. Check current rules.
Do I pay interest during construction?
Only on the portion of the loan drawn down at each stage, so payments rise gradually.