How Does the Progressive Payment Scheme Work at Bedok Rise Residences?

Published 26 September 2026 · Bedok Rise Residences Insights

A home at Bedok Rise Residences is bought before it is built, so it is paid for in stages under the Normal Progressive Payment Scheme. Around a fifth of the price is paid upfront, and the rest falls due as construction reaches certified milestones, with the housing loan drawn down in step.

The Stages, One by One

The schedule for private residential property sold before completion is standard, and it runs as follows:

• 5% booking fee when the Option to Purchase is issued.
• 15% on signing the Sale and Purchase Agreement, normally within eight weeks.
• 10% on completion of the foundation.
• 10% on completion of the reinforced concrete framework.
• 5% each on the partition walls, the roofing and ceiling, and the doors, windows, electrical wiring and plumbing.
• 5% on completion of the car park, roads and drains.
• 25% on the Temporary Occupation Permit.
• 15% on the Certificate of Statutory Completion.

The developer confirms the exact schedule for Bedok Rise Residences in the Sale and Purchase Agreement, and the payment scheme page keeps the table current.

Where the Cash and CPF Come In

The 5 per cent booking fee must be paid in cash. The 15 per cent due at the Sale and Purchase Agreement can be met from CPF Ordinary Account savings, cash or a mix, with one condition: the buyer must meet the minimum cash downpayment for their loan tier. For a buyer taking a first housing loan at the 75 per cent Loan-to-Value limit, that minimum is 5 per cent, which the booking fee already covers. For a buyer with an existing housing loan, the LTV limit falls to 45 per cent and the minimum cash rises to 25 per cent, which changes the upfront picture substantially.

How the Loan Is Drawn

With a 75 per cent loan, the first 25 per cent of the price comes from the buyer's own funds. The bank then pays the developer as each construction stage is certified. Because interest is charged only on the amount drawn, the monthly instalment starts small in the early construction stages and rises as the building goes up, reaching its full level after the Temporary Occupation Permit.

This staged draw-down is one of the practical attractions of buying before completion. It spreads the financial load across the construction period, and it gives households time to arrange the sale of an existing home or to build up savings before the largest payments fall due.

Stamp Duty Sits Outside the Schedule

Buyer's Stamp Duty, and Additional Buyer's Stamp Duty where it applies, is payable within 14 days of exercising the Option to Purchase, separately from the progressive payments. It can be paid from cash or CPF, and for second-property buyers it can be the largest single cheque in the process. The stamp duty page sets out the rates.

A Worked Picture in Percentages

Take a first-time buyer borrowing at the 75 per cent Loan-to-Value tier. The buyer pays 5 per cent in cash at the Option to Purchase and 15 per cent at the Sale and Purchase Agreement from cash, CPF or both, and then 5 per cent more from their own funds at the foundation stage, which completes the 25 per cent downpayment. From that point the bank funds each stage: the remaining 5 per cent of the foundation payment, the 10 per cent for the framework, and so on through to the Temporary Occupation Permit and the Certificate of Statutory Completion.

Because the bank's first disbursement is small and the later ones larger, the monthly instalment starts at a fraction of its final level and climbs over the construction years. A buyer who already has a housing loan, at the 45 per cent tier, funds 55 per cent of the price before the bank contributes at all, so the early years of the schedule look very different.

Planning Around the Milestones

The two largest single payments fall at the Sale and Purchase Agreement and at the Temporary Occupation Permit, and both deserve planning. The first comes within about eight weeks of booking, so CPF withdrawals and any cash should be arranged in advance. The second comes at key handover, when a household may also be paying for renovation and furniture. Buyers selling an existing home often time that sale around completion so the proceeds arrive when they are most useful.

Modelling Your Own Schedule

The progressive payment calculator maps every stage for any price, buyer profile and loan, with the estimated monthly instalment at each step and the duty folded in. Pair it with the TDSR calculator to confirm the loan an income supports. Figures in this article are as at September 2026.