Faber Residence is sold under the progressive payment scheme, so the purchase price is paid in stages that follow the construction of the development rather than in one lump sum. A 5% booking fee secures the home, a further 15% is paid when the Sale and Purchase Agreement is signed, and the remaining 80% is billed in instalments as each construction milestone is certified, through to the Certificate of Statutory Completion.
The scheme spreads the cost of a new home over several years and lets the housing loan grow in step with the building. This guide sets out each stage, how bank financing is drawn, and the key dates that shape the timeline, with regulatory figures stated as at October 2026.
The Faber Residence Progressive Payment Stages
The table below shows every instalment under the progressive payment scheme for buildings under construction, together with the running total paid by the end of each stage.
Stage
Instalment
Cumulative
Booking fee (on Option to Purchase)
5%
5%
Signing of Sale and Purchase Agreement (within 8 weeks of the Option to Purchase)
15%
20%
Completion of foundation
10%
30%
Completion of reinforced concrete framework
10%
40%
Completion of partition walls
5%
45%
Completion of roofing
5%
50%
Completion of doors, windows, electrical wiring and plumbing
5%
55%
Completion of car park, roads and drains
5%
60%
Temporary Occupation Permit (TOP)
25%
85%
Certificate of Statutory Completion (CSC)
15%
100%
Progressive payment scheme for buildings under construction, as at October 2026. Percentages are of the purchase price.
The first 20% is paid within the opening weeks, when the Option to Purchase is granted and the Sale and Purchase Agreement is signed. The next 40% is spread across six construction stages, from the foundation to the car park, roads and drains. The largest single instalment, 25%, falls due at TOP, and the final 15% is paid on the Certificate of Statutory Completion. The Faber Residence payment scheme page keeps this schedule for quick reference.
Booking and Signing at Faber Residence
The process begins when the buyer chooses a home and pays the 5% booking fee in exchange for the Option to Purchase. This first payment is made in cash. It lines up with the MAS minimum cash downpayment of 5% for a buyer taking a first housing loan at the full 75% loan-to-value limit, as at October 2026.
The Sale and Purchase Agreement is then prepared and must be signed, with the 15% instalment paid, within 8 weeks of the Option to Purchase. Buyer's Stamp Duty, and any Additional Buyer's Stamp Duty, is a separate cost on top of the purchase price. It is payable within 14 days of exercising the option, so it is worth budgeting alongside the 15% instalment. The stamp duty guide explains the rates and the timing in full.
What to prepare before booking
A bank's in-principle approval, so the loan amount is known before the option is exercised
Cash for the 5% booking fee
Funds for the 15% instalment and for stamp duty within the 8-week and 14-day windows
How the Housing Loan Is Drawn During Faber Residence Construction
Under the progressive payment scheme, the bank does not release the full loan on day one. It pays each instalment as the corresponding stage is certified complete. The amount borrowed therefore rises step by step, and monthly repayments start small and increase as more of the loan is disbursed.
With a 75% loan-to-value limit, the buyer funds the first 25% of the price. The booking fee and the Sale and Purchase instalment together cover 20%, and the remaining 5% comes from the buyer as part of the foundation instalment. From that point the bank funds the rest of the foundation stage and every later stage, up to the final payment on the Certificate of Statutory Completion.
The progressive payment calculator maps out the amount due at each stage and the estimated loan repayments as disbursements build up. For the lending rules behind those figures, including the 55% Total Debt Servicing Ratio and the 35-year maximum tenure for private property as at October 2026, see the Faber Residence housing loan guide.
Key Dates in the Faber Residence Timeline
The construction stages above are spread across a defined schedule. Faber Residence received Building Plan approval on 27 August 2025, and sales launched with booking day on 18 October 2025.
Milestone
Date
Building Plan approval
27 August 2025
Sales launch (booking day)
18 October 2025
Estimated TOP
1Q 2029
Expected vacant possession
31 December 2030
Expected legal completion
31 December 2033
Developer's estimated and expected dates.
The development is built with the Advanced Precast Concrete System (APCS). The main contractor is China Construction (South Pacific) Development Co Pte Ltd, and the architect is P&T Consultants Pte Ltd. The full project team is listed on the project details page.
Estimated TOP in the first quarter of 2029 marks the 25% instalment and the point at which homes can be occupied. Vacant possession is expected by 31 December 2030, and legal completion by 31 December 2033.
Planning Cash Flow for a Faber Residence Home
The progressive structure suits buyers who want to manage cash flow carefully. Upgraders can time the sale of an existing home around the TOP and vacant possession dates, and first-time buyers can build their savings while the larger construction instalments are funded by the loan.
A sensible approach is to run three checks before booking: the stamp duty for the buyer's profile, the loan size supported by income using the TDSR calculator, and the stage-by-stage schedule on the progressive payment calculator. Together they give a clear picture of the cash and loan needed at every milestone.
For a walkthrough of the payment schedule for a particular home, or to arrange a viewing of the show units by appointment, contact the Sales Concierge through the Faber Residence enquiry page.
The Sales Concierge sends the e-brochure, the full set of floor plans and the current price list for Faber Residence, and arranges a private viewing of the three show units at a time that suits you.
