Financing
New private homes in Singapore like The River Opus are typically purchased under the Progressive Payment Scheme, where payments are staged in line with construction milestones. This page explains how it works so you can plan your cash flow and loan drawdown. Exact figures depend on your unit and price, which will be confirmed at launch.
Progressive Payment Scheme
Under the Progressive Payment Scheme, a buyer pays a booking sum on exercising the option, followed by staged payments as the development reaches each construction milestone — foundation, structural framework, walls, roofing, and so on — through to completion and the issue of the Temporary Occupation Permit. Your bank disburses the housing loan progressively in step with these stages, so monthly instalments build up gradually rather than all at once. This makes a new launch like The River Opus manageable to finance during construction. See housing loan information for how the loan side works, and stamp duty for the upfront duties.
| Construction Stage | % of Purchase Price |
|---|---|
| Upon grant of Option to Purchase (OTP) | 5% (Booking Fee) |
| Signing Sale & Purchase Agreement / within 8 weeks of OTP | 15% |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework | 10% |
| Completion of partition walls | 5% |
| Completion of roofing / ceiling | 5% |
| Completion of door sub-frames, window frames, wiring, plastering & plumbing | 5% |
| Completion of car park, roads and drains | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Completion / Legal Completion date | 15% |
Indicative schedule under the standard Progressive Payment Scheme; the developer’s S&P agreement governs the actual stages and percentages.
Cash-flow planning
Register for a personalised payment-scheme and loan walkthrough for your unit at The River Opus.
Register interest