Progressive Payment Schedule
Understand exactly when your payments and legal deadlines are due for Bedok Rise Residences.
Buying a new launch condo is done in stages. Select your Option to Purchase (OTP) date below to see the estimated timeline. Note: If a deadline falls on a weekend, it is automatically moved earlier to the preceding Friday.
Issue Option to Purchase (OTP)
Day 1
Timeframe: Day 1
Issue OTP. Meanwhile, select your bank mortgage loan and appoint a law firm.
Payment: 5% Booking Fee
Receive Sales & Purchase Agreement (S&P)
Within 2 Weeks
Timeframe: Within 2 weeks from OTP
S&P to be sent to Law Firm (or sent to Buyer if no Law Firm is appointed).
Payment: None
Exercise S&P
Within 3 Weeks
Timeframe: Within 3 weeks from delivery of S&P
Buyer to sign the S&P at Law Firm.
Payment: None
Pay Stamp Duties
Within 2 Weeks
Timeframe: Within 2 weeks of signing S&P
Buyer to pay all Stamp Duties.
Payment: Buyer Stamp Duty (BSD) & Additional Buyer Stamp Duty (ABSD)
Pay Remaining Downpayment
Within 8 Weeks
Timeframe: Within 8 weeks from Day 1 (OTP)
Buyer to pay remaining downpayment (Cash / CPF / Both).
Payment: 15% Downpayment
Progressive Payments
Thereafter
Timeframe: Throughout the construction period
Remaining payments are made as construction progresses.
Payment: 80% Progressive Payment Breakdown
Need Help with Your Finances?
Every buyer’s financial situation is unique. For a precise breakdown of your mortgage and progressive payments, please book a showflat appointment to speak directly with our developer sales team and in-house bankers.