
How Does the Faber Residence Payment Scheme Work?
A stage-by-stage guide to the Faber Residence progressive payment scheme, how the housing loan is drawn and the key dates to TOP and completion.
Faber Residence has an estimated Temporary Occupation Permit (TOP) date of 1Q 2029, according to the developer. The expected date of vacant possession is 31 December 2030, and the expected date of legal completion is 31 December 2033.
Those three dates mark different stages of the same journey, from the homes becoming ready to occupy, to the formal handover, to the final legal steps of the sale. This guide explains each milestone, how the project is being built and how your payments line up with construction progress.
The project has moved steadily from land tender to construction. The table below sets out the key dates on public record and in the developer's project information.
| Milestone | Date |
|---|---|
| Site launched for tender by URA | 12 September 2024 |
| Tender closed | 19 November 2024 |
| Tender award announced by URA | 26 November 2024 |
| 99-year lease begins | 24 February 2025 |
| 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 |
Sources: URA release of 26 November 2024; developer's project information and media release of 19 October 2025. TOP is the developer's estimate.
The Building Plan approval, reference A1716-00038-2024-BP01, was granted on 27 August 2025, clearing the way for construction of the nine blocks. Progress reports and announcements are gathered on the latest updates page.
Construction uses the Advanced Precast Concrete System (APCS). In broad terms, precast construction means that major concrete components are manufactured off site under factory conditions and then lifted into place and joined on site. The approach is valued for consistent quality and for keeping on-site work orderly.
The main contractor is China Construction (South Pacific) Development Co Pte Ltd. The architect is P&T Consultants Pte Ltd, the landscape architect is Ortus Design Pte Ltd and Ipli Architects is the interior designer, with Seal Consultants as acoustic consultant, DP Sustainable Design as Green Mark consultant and Rider Levett Bucknall as quantity surveyor. The project is jointly developed by GuocoLand, Hong Leong Holdings and TID; the developer page introduces the partners.
The design itself suits a steady build: nine low-rise blocks of five storeys, about 19.35m tall, arranged in three rows with 18 courtyard gardens between them. The full specification is on the project details page.
TOP is the permit that allows a completed building to be occupied. It is issued once the building authorities are satisfied that the structure is safe and the essential services are in place. For buyers, TOP is the milestone that most people think of as completion, since it is when homes can be lived in. At Faber Residence, the developer's estimate for TOP is 1Q 2029.
Vacant possession is the handover of the completed, empty home to the buyer, when you receive the keys and can start renovation or move in. The developer lists the expected date of vacant possession as 31 December 2030.
The Certificate of Statutory Completion follows TOP and confirms that the whole development meets all the statutory requirements. Legal completion is the stage at which the sale is formally completed and title passes to the buyer. The developer lists the expected date of legal completion as 31 December 2033.
Because Faber Residence is sold while under construction, buyers pay through the progressive payment scheme. As at October 2026, the schedule runs as follows:
The two largest later instalments, 25% at TOP and 15% at CSC, line up with the milestones above, so the completion timeline doubles as a payment calendar. The payment scheme page explains each stage, and the progressive payment calculator gives an illustration of the amounts for a purchase sum you enter.
A clear timeline makes household planning easier. For buyers taking a bank loan, the loan is drawn in stages that match the construction instalments, so interest is paid only on the amount disbursed so far. That gradual build-up gives time to plan cash flow, and the housing loan information page explains how loan limits and tenure work as at October 2026.
The later construction stages are also when the finishing specification goes in: full-height bedroom windows, Mitsubishi air-conditioning, Smeg kitchen appliances, Roca and Schmied sanitary fittings and the smart home system with its gateway, dimming modules, home fire alarm device and energy monitoring device. Seeing these in the show units gives a good sense of what the finished homes will feel like at handover.
Holding period is worth noting alongside the build schedule. As at October 2026, Seller's Stamp Duty applies to residential property bought on or after 4 July 2025 and sold within four years, at 16%, 12%, 8% and 4% for each successive year, and nil after four years. For a purchase made at launch, that window falls within the construction period, so most owners will be well past it by the time they collect their keys.
Owner-occupiers can plan a move around the estimated TOP in 1Q 2029, while those upgrading from another home can match the sale or lease of their current property to the expected handover. Families thinking about schools can look ahead to the institutions around Clementi and Kent Ridge.
For the latest construction news and any revisions to the schedule, keep an eye on the latest updates page, or ask the Sales Concierge during a viewing by appointment.

A stage-by-stage guide to the Faber Residence progressive payment scheme, how the housing loan is drawn and the key dates to TOP and completion.

A clear look at the factors buyers weigh at Faber Residence, from tenure and location to layout, developer team and holding period.

Every block faces Sungei Ulu Pandan or the courtyards, away from the AYE, and selected stacks carry built-in acoustic provisions.
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.

No obligation. The Sales Concierge responds personally to every enquiry.
To talk it through instead, call +65 6200 6220 or send a WhatsApp message to the same number.