Because Dorset Gardens is a building under construction with expected completion in the second quarter of 2030, purchases follow the Progressive Payment Scheme. You do not pay the full price at the outset; payment is drawn in stages as construction reaches defined milestones, and your loan is disbursed to match.
The Dorset Gardens Progressive Payment Schedule
| Stage of construction | % of price | Cumulative |
|---|---|---|
| Upon grant of Option to Purchase (booking fee) | 5% | 5% |
| Upon signing the Sale & Purchase Agreement (within 8 weeks) | 15% | 20% |
| Completion of foundation work | 10% | 30% |
| Completion of reinforced concrete framework | 10% | 40% |
| Completion of partition walls | 5% | 45% |
| Completion of roofing and ceiling | 5% | 50% |
| Completion of electrical wiring, plumbing and internal plastering | 5% | 55% |
| Completion of car park, roads and drains serving the housing project | 5% | 60% |
| Temporary Occupation Permit (TOP) | 25% | 85% |
| Legal completion (Certificate of Statutory Completion) | 15% | 100% |
Standard residential Progressive Payment Scheme under the Housing Developers Rules. The stages and percentages that bind are those set out in the Sale and Purchase Agreement for your specific unit. Confirm with your conveyancing lawyer before commitment.
What This Means in Practice at Dorset Gardens
The first 20% of the price falls within roughly eight to ten weeks of booking, and that portion is largely cash and CPF rather than loan. The booking fee of 5% must be paid in cash. The balance of the 20% may draw on CPF Ordinary Account savings, subject to the usual withdrawal rules.
Your housing loan then covers the remaining 80% as it is drawn down stage by stage. That is the part buyers most often underestimate in a positive direction: your monthly instalment in the first year reflects only the amount disbursed so far, not the full loan. On a S$2 million purchase with a 20-year tenure, the first stage instalment can be a few hundred dollars a month rather than several thousand.
The instalment then steps up at each construction milestone until full disbursement at TOP. The progressive payment calculator models this stage by stage for any purchase price, so you can see the actual cash flow to 2030 rather than a single averaged figure.
Deferred Payment and Dorset Gardens
Deferred payment schemes are not available on standard new residential launches in Singapore. If you encounter an offer described in those terms for this project, treat it with caution and check it against the Sale and Purchase Agreement.
Costs That Sit Outside the Payment Schedule
Three items fall outside the percentages above and need separate provision. Buyer’s Stamp Duty and any Additional Buyer’s Stamp Duty are payable in cash within 14 days of signing the Sale and Purchase Agreement — see the stamp duty page. Conveyancing legal fees typically run to a few thousand dollars. And maintenance fees begin at TOP, not at legal completion.
For loan limits and the affordability tests that sit behind all of this, see housing loan information.
Register for Dorset Gardens Updates
Floor plans, the site plan, the e-brochure and the price list go to registered parties first. There is no cost and no obligation.