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Parc Canberra EC

Executive Condominium
LAUNCHED Q1 2020
TOP Sep 2023
Updated as at 
29 March 2024

Parc Canberra Payment Schemes

There are 2 payment schemes available for the purchase of Parc Canberra.

 

One is the Normal Progressive Scheme, which allows you to service your loan via monthly instalments progressively, in stages, as the property is being built.

The other is the Deferred Payment Scheme. The Deferred Payment Scheme allows EC buyers to put down an 20 percent downpayment. The remaining 65 percent is deferred until receiving a Notice of Temporary Occupation Permit (TOP). Or in other words, until the Executive Condominium is ready to move into.

If buyers opt for the Deferred Payment Scheme, the advantage is that they do not need to handle two mortgage loans at the same time. No loan repayment is required during the construction period. It offers those with existing loan commitments some flexibility in managing their finances.

However, please note that the purchase price when opting for the Deferred Payment Scheme is expected to be 2-3% higher than the purchase price under the Normal Progressive Scheme.

 

If you need further assistance on the payment schemes at Parc Canberra, please drop us a note here.

StageTimelineNormal Progressive Scheme (NPS)
% of Purchase Price
Deferred Payment Scheme (DPS)#
% of Purchase Price
Upon the grant of Option to PurchaseOption Date5%5%
Upon signing the Sales & Purchase Agreement (S&P)9 weeks from Option Date15%15%
Completion of Foundation work6-9 months10%-
Completion of Reinforced Concrete Framework6-9 months10%-
Completion of Brick walls3-6 months5%-
Completion of Roofing/Ceiling3-6 months5%-
Completion of Electrical Wiring Internal Plastering, Plumbing & Installation of Door & Window Frames3-6 months5%-
Completion of Car Park, Roads and Drains Servicing the Housing Project3-6 months5%-
Notice of Vacant PossessionTOP25%65%
Legal Completion DateCSC15%15%

#Please note that the overall purchase price of your unit will be 2-3% higher if you opt for the Deferred Payment Scheme.

Buyer’s Stamp Duty is applicable for EC purchase, calculate your Stamp Duty here

For buyers who have taken subsidies before, Resale Levy applies, find out here.

Bridging Loan is available for buyers with existing HDB. Reach out to us here to find out more.

Parc Canberra
Developer: Hoi Hup Sunway Canberra Pte Ltd
Location: Canberra Link, Canberra Crescent
Mukim Lot: MK 19 Lot 04018N
District: D27 Sembawang, Yishun
Expected TOP: Sep 2023
Tenure: 99 years leasehold
Contact Us
Information updated as at
Friday, 29 March 2024
info@parc-canberra-ec-official.sg+65 6100 8108
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