A home at Bedok Rise Residences is bought before completion, so it is paid for under the Normal Progressive Payment Scheme: a booking fee, a payment on signing the Sale and Purchase Agreement, and then instalments tied to certified stages of construction.
| Stage | % of price |
|---|---|
| Booking fee on the Option to Purchase | 5% |
| On signing the Sale and Purchase Agreement (within 8 weeks) | 15% |
| Completion of foundation | 10% |
| Completion of reinforced concrete framework | 10% |
| Completion of partition walls | 5% |
| Completion of roofing and ceiling | 5% |
| Completion of doors, windows, electrical wiring, plumbing | 5% |
| Completion of car park, roads and drains | 5% |
| Temporary Occupation Permit (TOP) | 25% |
| Certificate of Statutory Completion (CSC) | 15% |
The standard schedule for private residential property sold before completion. The confirmed Bedok Rise Residences schedule is set out in the Sale and Purchase Agreement.
The 5 per cent booking fee is paid in cash. The next 15 per cent may come from cash or CPF Ordinary Account savings, subject to the minimum cash requirement for the buyer's loan tier. From the foundation stage the bank disburses the housing loan in step with construction, so the monthly instalment starts small and rises as the building goes up. The housing loan page sets out the limits.
The progressive payment calculator maps each stage for a chosen price, buyer profile and loan, with the estimated monthly instalment at every step.
Registration puts the project material in your hands on the day the developer issues it, and it is the list the Sales Concierge works through first when preview appointments open.
Free, and with no obligation. Every enquiry is answered personally.
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