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Progressive Payment Scheme

Progressive payment is an instalment payment scheme for buildings under construction (BUC). In this payment structure, you only need to make a payment once a specific construction phase has been completed.

Progressive payment

Stage of Construction% of Purchase Price
Booking of Unit5% Cash
Upon signing of S&P or within 8-week from the Option Date15% Cash or CPF
Completion of foundation work10% of Purchase Price
(5% Cash/CPF - 5% Cash/CPF/Loan)
Completion of reinforced concrete framework 10% of Purchase Price
(10% Cash/CPF/Loan)
Completion of partitions walls 5% of Purchase Price
(5% Cash/CPF/Loan)
Completion of roofing 5% of Purchase Price
(5% Cash/CPF/Loan)
Completion of door frames, windows frames, electrical wiring, internal plastering and plumbing 5% of Purchase Price
(5% Cash/CPF/Loan)
Completion of car park, drains and roads serving the housing project 5% of Purchase Price
(5% Cash/CPF/Loan)
Obtained Temporary Occupation Permit (TOP) 25% of Purchase Price
(25% Cash/CPF/Loan)
Obtained Certificate of Statutory Completion (CSC) 15% of Purchase Price
(15% Cash/CPF/Loan)
Progressive Payment Calculator

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For full project details, please visit the Official Bayshore Condo Page