Payment Scheme

Also known as the Progressive Payment Scheme, it permits you to service your loan through monthly instalments that are paid progressively as the home is completed.

 Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
 Upon the grant of Option to Purchase 5% (Booking Fee)
 Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 20% less Booking Fee
 Completion of foundation work 10%
 Completion of reinforced concrete framework of unit 10%
 Completion of partition walls of unit 5%
 Completion of roofing/ceiling of unit 5%
 Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
 Completion of car park, roads and drains serving the housing project 5%
 Notice of Vacant Possession (TOP) 25%
On Completion date15%


Calculating your BUC property’s progressive payments

Assume you chose to buy a $1,000,000 condominium unit. Here’s how much you’ll pay at each level.

You agree on a unit after attending its sales launch.
Booking fee: 5% of $1,000,000 = $50,000 (paid in cash at the launch)

you put your signatures on the sales and buy agreement. They must also pay stamp duty & legal fees at this point.

Following the execution of the Sales and Purchase Agreement: 15% of $1,000,000 equals $150,000

14 days after foundation work is completed: 10% of $1,000,000 equals $100,000

14 days after the reinforced concrete framework is completed: 10% of $1,000,000 equals $100,000

14 days after the partition walls are finished: 5% of $1,000,000 equals $50,000.

14 days after roofing completion: 5% of $1,000,000 equals $50,000.

14 days after completion of door sub-frames/door frames, window frames, electrical wiring (without fittings), inside plastering, and plumbing: 5% of $1,000,000 equals $50,000.

14 days after the carpark, roads, and drainage for the housing project are finished: 5% of $1,000,000 equals $50,000.
Upon receipt of the Temporary Occupation Period and key collection: 25% of $1,000,000 equals $250,000