NEW* E-Application: 12 – 21 Dec 2014
Balloting Results: 14 Jan 2015
Price Release: 15 Jan 2015
Booking (EApp Applicants): 17 Jan 2015
Booking (Public): Late 17 Jan 2015 (Subject to available balance units)

Payment Schemes

EC buyers will have to obtain loans from banks or financial institutions as HDB does not provide housing loans for the purchase of EC. The ceiling for bank loans is as follows:

   Date of Booking (EC)
 Loan Ceiling
   Date of booking on or after 20 Feb 2010 80% of purchase price

Normal Payment Scheme

(known as 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%

Deferred 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%
   Notice of Vacant Possession (TOP) 65%
   On Completion Date 15%

 

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