New launches such as Wynwood Grand are sold under the Progressive Payment Scheme, also called the Normal Payment Scheme. Because the development is still being built, you do not pay the full price upfront — instead, payments are released in stages that follow the construction progress of your Wynwood Grand EC unit. This keeps your early cash outlay and loan servicing lower at the start, with instalments increasing as each building milestone is reached.
Progressive Payment Scheme
How Payments Are Staged
| Construction Stage | % of Purchase Price |
|---|---|
| Upon grant of Option to Purchase (OTP) | 5% (Booking Fee) |
| Signing Sale & Purchase Agreement / within 8 weeks of OTP | 15% |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework | 10% |
| Completion of partition walls | 5% |
| Completion of roofing / ceiling | 5% |
| Completion of door sub-frames, window frames, wiring, plastering & plumbing | 5% |
| Completion of car park, roads and drains | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Completion / Legal Completion date | 15% |
The first 20% is paid from cash and CPF before your bank loan is drawn down at all — 5% cash on the Option to Purchase, then 15% on signing the Sale & Purchase Agreement. From the foundation stage onward the housing loan funds the staged payments, so your monthly instalment rises step by step rather than all at once. Any CPF Housing Grant you qualify for is credited to your CPF Ordinary Account rather than paid in cash, which means it offsets the CPF portion of the downpayment and does not reduce what you need in the bank on booking day.
Wynwood Grand EC is sold on the progressive payment schedule set out above, with each instalment falling due as its construction stage completes. The Deferred Payment Scheme is not among the payment options for this development.
To model the schedule against your own figures — downpayment, grant offset, duties and the instalment at each stage — use the progressive payment calculator. To understand the loan limits that apply first, see the housing loan information page and the EC affordability calculator, and review the stamp duty payable on your Wynwood Grand EC purchase.
Plan Your Wynwood Grand EC Purchase
The appointed marketing team covers financing, eligibility and the latest pricing for Wynwood Grand EC, and a showflat appointment can be arranged when viewing opens.