Faber Residence is sold under the normal progressive payment scheme. Rather than paying the price at once, the buyer pays it in instalments that track the construction, from the booking fee in 2025 or 2026 to the final payment after legal completion.
Faber Residence Progressive Payment Stages
The stages and percentages are those prescribed for a building under construction by the Housing Developers Rules. The last column is the running total.
| Stage | % of price | Paid to date |
|---|---|---|
| Booking fee, when the option to purchase is granted | 5% | 5% |
| On signing the sale and purchase agreement, within 8 weeks | 15% | 20% |
| Foundation completed | 10% | 30% |
| Reinforced concrete framework completed | 10% | 40% |
| Brick walls completed | 5% | 45% |
| Ceiling completed | 5% | 50% |
| Doors, windows, electrical wiring and plumbing completed | 5% | 55% |
| Car park, roads and drains completed | 5% | 60% |
| Temporary Occupation Permit (TOP) | 25% | 85% |
| Certificate of Statutory Completion (CSC) | 15% | 100% |
Standard schedule under the Housing Developers Rules, checked 6 October 2026. The sale and purchase agreement governs; confirm with the Sales Concierge before booking.
Faber Residence Cash, CPF and Loan Shares
The first 5% is paid in cash. After that, the share of the price that the bank will not lend must be met before any loan money is released, and MAS sets how much of that share must be cash. With no outstanding home loan at the 75% limit, the buyer funds 25% of the price; at least 5% is cash, which the booking fee covers, and the remaining 20% can come from cash or CPF Ordinary Account savings within CPF’s rules.
| Borrower position | Max loan | Own funds | Minimum cash |
|---|---|---|---|
| No outstanding housing loan | 75% | 25% | 5% |
| No outstanding loan, tenure over 30 years or past age 65 | 55% | 45% | 10% |
| One outstanding housing loan | 45% | 55% | 25% |
| Two or more outstanding housing loans | 35% | 65% | 25% |
Source: MAS, checked 6 October 2026. Limits can change; check with MAS and your bank before you sign.
At 75% financing, the booking fee and the 15% on signing take the buyer to 20%; the first half of the foundation instalment takes them to 25%, and the bank pays from then on. The housing loan page explains the lower band.
How the Faber Residence Loan Is Drawn
As each stage is certified, the developer issues a notice and the bank pays that instalment out of the loan. The loan is therefore drawn in steps, and during construction interest is charged only on what has been drawn. Repayments start small and rise as the blocks go up.
Because sales opened on 18 October 2025, some stages may already be certified when you book. Instalments for those stages fall due on the timetable in the sale and purchase agreement, so the first months can call for more than the booking fee and the 15%. The Sales Concierge confirms the certified stages at the time of booking.
Faber Residence Completion Dates and the Last Instalments
The 25% TOP instalment is expected around the estimated TOP in the first quarter of 2029; vacant possession is expected by 31 December 2030. The final 15% is paid on the Certificate of Statutory Completion, with legal completion expected by 31 December 2033.
Stamp duty is paid separately and early; see the stamp duty page. The progressive payment calculator lays out every instalment for a chosen price and loan, and the TDSR calculator checks the repayment against income.
Register Your Interest in Faber Residence
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.
What the Sales Concierge sends
- The Faber Residence e-brochure and the full project details.
- All 23 floor plan types, from the 646 sq ft 2-bedroom to the 1,485 sq ft 5-bedroom.
- The current price list and the balance units chart by block and stack.
- A private showflat appointment and the site plan with all 18 courtyards.
Register Your Interest
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.