Imagine stepping into a sleek, sun‑lit living room that you’ve never entered before—because it’s your brand‑new condo, still under construction, but already yours in spirit. That sensation is exactly what progressive payment plans deliver: a smooth, confidence‑boosting journey from reservation to handover, letting you watch your future home take shape, one milestone at a time.
Below, we unpack the magic of progressive payments and illustrate how two of Singapore’s most buzz‑worthy projects—Springleaf New Condo (Parcel A) and Tanjong Rhu New Condo—have turned this model into an art form.
1. What Is a Progressive Payment Plan?
| Stage | Typical Trigger | What You Pay | Why It Matters |
| Reservation | Signing the Sales & Purchase Agreement (SPA) | 5‑10 % of the total price | Secures the unit and locks in the launch price. |
| Construction Milestones | Completion of key works (foundations, slab, roof, etc.) | 10‑25 % of the total price per milestone | Aligns your cash‑flow with tangible progress, reducing risk. |
| Post‑Construction | Issuance of Temporary Occupancy Permit (TOP) | 30‑40 % of the total price | Signals that the building is safe, ready for interior finishing. |
| Final Handover | Vacant possession (you receive the keys) | Remaining balance | The last payment coincides with the moment you actually move in. |
Key Benefits
- Cash‑flow harmony – No need to dig a huge hole in your bank account before you can even see a wall.
- Risk mitigation – Payments are tied to verified construction stages, giving you leverage if the developer falls behind.
- Transparency & control – You receive progress reports, photographs, and on‑site visits that match each payment schedule.
2. Springleaf New Condo (Parcel A) – A Case Study in Seamless Progression
Nestled beside the iconic Springleaf MRT station, Parcel A is the flagship tower of the Springleaf New Condo master‑plan. Here’s how its progressive payment structure turns a first‑time buyer’s dream into a well‑padded reality.
The Roadmap
| Milestone | What Happens | Payment Snapshot |
| Reservation (Month 0) | You pick a 3‑Bedroom unit with a balcony overlooking the greenery. | 7 % of purchase price (≈ S$1.5 M) |
| Foundation Completion (Month 8) | Concrete footings and retaining walls are poured. You get a virtual walkthrough of the foundation. | 10 % |
| Structure & Slab (Month 16) | The skeletal frame rises; you can see the “bones” of your future home. | 12 % |
| Roof‑Top & External Works (Month 24) | Roof garden, façade cladding, and external lighting are finalized. | 15 % |
| TOP & Interior Fit‑Out (Month 30) | Temporary Occupancy Permit is issued; interior finishes are ready for hand‑over. | 30 % |
| Vacant Possession (Month 34) | Keys in hand, you step into the completed unit. | 26 % (remaining balance) |
3. Tanjong Rhu New Condo – Luxury Meets Thoughtful Payments
Perched on the historic waterfront of Tanjong Rhu, this development blends art‑deco elegance with modern sustainability. Its progressive payment schedule is engineered for high‑net‑worth purchasers who value timing, discretion, and flexibility.
4. How to Make the Most of Progressive Payments
- Map Your Cash Flow – Plot each milestone against your personal budget calendar. Most banks also allow staged loan disbursements that match progressive payments, keeping your financing tidy.
- Stay Engaged – Attend the developer’s site tours, request detailed progress reports, and keep a folder of all receipts, inspection certificates, and correspondence.
- Leverage the “After‑TOP” Window – Use the period between TOP and handover to negotiate upgrades, interior design services, or furniture packages—many developers bundle these at discounted rates.
- Consult a Property Lawyer – Ensure the SPA explicitly states the payment triggers, escrow arrangements, and penalties for delayed construction. A solid legal framework is the backbone of any progressive plan.
5. The Bottom Line: A Future‑Ready Way to Own a Dream Home
Progressive payment plans are more than a financial convenience—they’re a psychological bridge that lets you watch your future home materialise, brick by brick, while keeping your finances healthy and your expectations realistic.