Payment Schedule & ABSD

 

Buyer’s Stamp Duty

Buyer’s Stamp Duty Additional Buyer’s Stamp Duty
3% – $5400 of Purchase Price Rate on 1st Purchase 2nd Purchase 3rd & Subsequent Purchase
Singapore Citizen N/A 7% 10%
Permanent Residents 5% 10% 10%
Foreigners & Corporate Entities 15% 15% 15%

Loan-to-Value

1st Housing Loan 2nd 3rd Onwards
Loan-to-Value Limits 80% or 60%* 50% or 30%* 40% or 20%*
Minimum Cash Downpayment 5% (for LTV of 80%)

10% (for LTV of 60%)

25% 25%
Corporate Entities 20% 20% 20%
* If the loan tenure is more than 30 years or extends past age 65.

Payment Scheme

Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 20% less Booking Fee
Completion of foundation work 10%
Completion of reinforced concrete framework of unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion of car park, roads and drains serving the housing project 5%
Temporary Occupation Permit or Certificate of Statutory Completion 25%
On completion date 15%