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% |