PAYMENT SCHEME
Normal Payment Scheme (NPS)
.payment-table {
width: 100%;
border-collapse: collapse;
font-family: Arial, sans-serif;
font-size: 14px;
}
.payment-table th {
background-color: #1a1f2b;
color: #ffffff;
padding: 12px;
text-align: left;
}
.payment-table td {
border: 1px solid #d9d9d9;
padding: 12px;
}
.payment-table tr:nth-child(even) {
background-color: #f7f7f7;
}
| Stage | Payment Under a Standard Payment Scheme (% of Purchase Price) |
|---|---|
| Upon the grant of Option to Purchase | 5% (Booking Fee) |
| Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date | 20% less Booking Fee |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework of unit | 10% |
| Completion of partition walls of unit | 5% |
| Completion of roofing/ceiling of unit | 5% |
| Completion of door sub-frames, door frames, window frames, electrical wiring, internal plastering and plumbing of unit | 5% |
| Completion of car park, roads and drains serving the housing project | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Completion date | 15% |
STAMP DUTY
Understanding the stamp duties payable is an important part of planning your River Modern purchase. Buyers will need to account for the Buyer’s Stamp Duty (BSD), which applies to all property purchases in Singapore, as well as the Additional Buyer’s Stamp Duty (ABSD), which varies based on residency status and the number of properties owned. These costs form a key component of overall affordability, and we can assist you in calculating the exact amounts based on your profile.
BUYER’S STAMP DUTY
.bsd-table {
width: 100%;
border-collapse: collapse;
background: #ffffff;
font-family: Arial, sans-serif;
font-size: 14px;
}
.bsd-table th {
background-color: #1a1f2d;
color: #ffffff;
padding: 12px;
text-align: left;
border: 1px solid #ddd;
}
.bsd-table td {
padding: 12px;
border: 1px solid #ddd;
}
.bsd-table tr:nth-child(even) {
background-color: #f7f7f7;
}
| Purchase Price or Market Value of the Property | BSD Rates for Residential Properties | BSD Rates for Non-Residential Properties |
|---|---|---|
| First $180,000 | 1% | 1% |
| Next $180,000 | 2% | 2% |
| Next $640,000 | 3% | 3% |
| Next $500,000 | 4% | 4% |
| Next $1,500,000 | 5% | 5% |
| In excess of $3,000,000 | 6% | 5% |
ADDITIONAL BUYER’S STAMP DUTY
.absd-table {
width: 100%;
border-collapse: collapse;
background: #ffffff;
font-family: Arial, sans-serif;
font-size: 14px;
}
.absd-table th {
background-color: #1a1f2d;
color: #ffffff;
padding: 12px;
text-align: left;
border: 1px solid #ddd;
}
.absd-table td {
padding: 12px;
border: 1px solid #ddd;
}
.absd-table tr:nth-child(even) {
background-color: #f7f7f7;
}
| Nationality | 1st Property | 2nd Property | 3rd Property |
|---|---|---|---|
| Singapore Citizens | N.A. | 20% | 30% |
| Permanent Residents | 5% | 30% | 35% |
| Foreigners | 60% | 60% | 60% |
| Entities / Companies | 65% | 65% | 65% |