Before launch
- Get your bank’s in-principle approval (IPA). It confirms your loan amount, is usually valid for about 30 days, and the developer may ask for it.
- Register for the VVIP preview to get the e-brochure, floor plans and indicative prices early.
- Shortlist your units by budget, facing and floor. See the unit selection guide.
Preview and ballot
- Visit the showflat during preview and review the price list and elevation chart.
- Submit an Expression of Interest (EOI) with a cheque or e-payment to join the ballot.
- Get your ballot result, a queue number for booking day.
Booking day
- Choose your unit in queue order. Have 3–5 backup options.
- Pay 5% of the price as the booking fee to get the Option to Purchase (OTP).
After booking
| Deadline | What you do |
|---|---|
| ~2 weeks after OTP | Developer sends the S&P Agreement |
| ~3 weeks after receiving the S&P | Sign and return the S&P |
| 8 weeks from OTP date | Pay the remaining 15% (cash / CPF) |
| 14 days after signing the S&P | Pay Buyer’s Stamp Duty (and any ABSD) |
During construction (about 4 years)
Progressive payments are billed at each stage: foundation (10%), framework (10%), walls (5%), ceiling (5%), services (5%), car park and roads (5%). Your bank pays these from your loan, and your instalments grow gradually. See the progressive payment calculator.
Completion
- TOP: pay 25%, collect your keys, inspect for defects and start renovating
- CSC: pay the final 15%, usually about a year after TOP
- Defects liability period: usually 12 months from vacant possession. Report defects to the developer for rectification.