Buying a new launch condo under construction works differently from buying a resale unit. Here's how the Progressive Payment Scheme (PPS) applies to Loyang Valley Residences, and the estimated timeline from booking to key collection.
Under the Progressive Payment Scheme, buyers pay for their unit in stages tied to the building's construction milestones, rather than paying the full amount upfront. This is the standard payment structure for all uncompleted private residential launches in Singapore, including Loyang Valley Residences.
| Stage | % of Purchase Price |
|---|---|
| Booking Fee (on signing OTP) | 5% |
| On signing S&P Agreement (within 8 weeks) | 20% (incl. booking fee) |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework | 10% |
| Completion of partition walls | 5% |
| Completion of roofing/ceiling | 5% |
| Completion of door frames, window frames, electrical wiring, plumbing | 5% |
| Completion of car park, roads, drains | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Certificate of Statutory Completion (CSC) | 15% |
This is the standard PPS structure used across Singapore new launches and applies as a general guide. Exact terms will be confirmed in Loyang Valley Residences' official Sale & Purchase Agreement.
These timelines are estimates based on typical construction durations for developments of similar scale and are subject to the developer's final construction schedule and any regulatory approvals.
Because payments are staged, your loan disbursement is also staged — you are not required to service the full loan quantum from day one. Your monthly repayment typically increases progressively as construction milestones are met and more of the loan is drawn down. Buyers should factor this into their financial planning rather than assuming full monthly instalments from the start.
Given the ~2031-2032 estimated TOP, buyers purchasing at preview in 2027/2028 should plan their finances across a multi-year horizon, factoring in progressive payments, potential interest rate changes over the construction period, and their own housing timeline needs.
Do I need to pay the full price when I book a unit?
No. Under the Progressive Payment Scheme, you pay a 5% booking fee initially, followed by staged payments tied to construction milestones, with the largest final payments due around TOP and CSC.
When is Loyang Valley Residences expected to reach TOP?
TOP is estimated at approximately 2031 to 2032, depending on construction progress. This is an estimate and subject to change based on the developer's finalised construction schedule.
Does my home loan get disbursed all at once?
No. Loan disbursement typically follows the same progressive schedule as the Progressive Payment Scheme, meaning your monthly loan repayments increase gradually as more of the loan is drawn down over the construction period.
What happens if construction is delayed?
Sale & Purchase Agreements typically include provisions addressing extensions of time for construction delays. Buyers should review the official S&P Agreement terms once released for specific details.
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