Process of Purchase & Payments of Executive Condominiums

EC buyers have to obtain mortgage loans from banks or financial institutions since HDB does not provide housing loans for the purchase of EC. When taking a bank loan, the maximum loan they can obtain is 80% of the purchase price of the EC unit.

Normal Payment Scheme or
Progressive Payment Scheme


Stage Percentage
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement orwithin 9 weeks from the Option date 15%
Completion of foundation work 10%
Completion of reinforced concrete framework 10%
Completion of brick walls 5%
Completion of roofing /ceiling 5%
Completion of electrical wiring, internal plastering, plumbing & installation of door & window frames 5%
Completion of car park, roads & drains serving the housing project 5%
Notice of Vacant Possession (TOP) 25%
On Completion Date 15%