Thomson Reserve Payment Scheme & Milestone Timeline
Step-by-step guide to the standard Singapore Progressive Payment Scheme for purchasing a new launch uncompleted condo.
Stage 1: Option to Purchase (OTP)
Pay 5% booking fee upon securing the Option to Purchase at showflat.
Stage 2: Sign Sale & Purchase Agreement (S&P)
Within 4-5 weeks of OTP date. BSD & ABSD stamp duty is also payable within 14 days of signing S&P.
Stage 3: Completion of Foundation Work
Payable upon developer completing foundation works (~6-9 months post-launch).
Stage 4: Completion of Reinforced Concrete Framework
Payable upon building concrete superstructure.
Stage 5: Completion of Brick Walls & Partitioning
Payable upon completing exterior & interior brick walls.
Stage 6: Completion of Roofing & Ceiling Plastering
Payable upon completing roof structure.
Stage 7: Completion of Doors, Windows, Plumbing & Wiring
Payable upon internal electrical & plumbing fittings.
Stage 8: Completion of Carpark, Roads & Drainage
Payable upon completing surrounding infrastructure.
Stage 9: Temporary Occupation Permit (TOP)
Payable upon key collection (~2030).
Stage 10: Certificate of Statutory Completion (CSC)
Final 15% held in escrow upon CSC issuing.
Request Customized Payment Schedule Calculation
Get an exact progressive payment timeline breakdown based on your targeted unit type (2BR to 5BR).