Tengah Garden Walk EC Progressive Payment Schedule Explained

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Reading Time: 3 minutes

Progressive payment is one of Singapore’s property-buying advantages: you only need to fund construction as it happens, not all at once.

Here’s how it works for Tengah Garden Walk EC.

Stage 1: Booking (April 11, 2026)

Pay: 5% of purchase price in cash

On a $1.55M unit: $77,500 cash (by cheque or NETS on launch day).

This is non-refundable if you don’t exercise the OTP.

Stage 2: Option Exercise (Within 8 weeks of booking)

Pay: 15% (minus option fee already paid)

In practice: sign the Sale & Purchase Agreement, pay remaining 15% of purchase price. You’ve now paid 20% total downpayment.

The 15% can come from cash + CPF OA. For the $1.55M example:
– Total downpayment (25%): $387,500
– Already paid (5% cash): $77,500
– Remaining 20% at S&P: $310,000 (can use CPF OA)

BSD and ABSD are also due within 14 days of S&P signing.

Stage 3: Construction Progressive Payments

The remaining 75% (loan quantum) is disbursed by your bank in tranches tied to construction milestones, as certified by the project architect:

| Milestone | Payment |
|—|—|
| Foundation completion | 10% |
| Reinforced concrete framework | 10% |
| Partition walls and windows | 5% |
| Roofing | 5% |
| Plastering | 5% |
| Car park and internal roads | 5% |
| Temporary Occupation Permit (TOP) | 25% |
| Certificate of Statutory Completion | 10% |

Total: 75% (disbursed over approximately 3 years)

What This Means in Practice

You don’t start paying mortgage interest on the full loan amount from Day 1. The bank only charges interest on the disbursed portion.

In the early stages (foundation, framework), you’re only paying interest on 10–20% of your loan. Monthly interest payment at these stages is minimal.

As construction progresses, the disbursed amount grows and your monthly interest payment increases. Full principal + interest repayment starts after TOP.

Monitoring Construction Progress

Qingjian typically provides quarterly construction updates via:
– Developer’s homeowner portal or app
– Physical notices at the site
– Email updates

You’ll receive formal payment requests (Progress Claims) from the developer when each milestone is certified. Submit these to your bank for disbursement within the timeline stated.

Missing a payment call can trigger default provisions. Set calendar reminders.

More: Tengah Garden Walk EC financing and downpayment guide.

Also: Tengah Garden Walk EC bank loan and IPA guide.