{"id":7082,"date":"2016-09-14T07:01:54","date_gmt":"2016-09-13T23:01:54","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=7082"},"modified":"2026-05-08T18:09:19","modified_gmt":"2026-05-08T10:09:19","slug":"perfectly-legal-deferred-payment-schemes","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/perfectly-legal-deferred-payment-schemes\/","title":{"rendered":"Perfectly legal schemes to minimise your initial capital investment."},"content":{"rendered":"
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Deferred payment scheme (DPS)<\/span><\/h3>\n

The Deferred Payment Scheme (DPS) allows buyers of certain properties to delay a large portion of their payments until a later stage compared to standard progressive payment structures<\/a>. In essence, part of the financing cost or interest burden is effectively absorbed by the developer during the deferred period.<\/p>\n

Some bit of history<\/span><\/h3>\n

In Oct 1997, the Government allowed developers to offer to purchasers of <\/span>uncompleted<\/b> private residential, commercial and industrial properties the option to defer part of the progress payments due after the initial 20% downpayment, to a later stage. In Nov 2001, the Government further allowed developers to defer up to half of the initial 20% down payment up to the issue of Temporary Occupation Permit or any time before that. These DPS were introduced at a time when the property market was lacklustre and the economy was in recession. In October 2007, the scheme was withdrawn.<\/span><\/p>\n

Are the DPS schemes today legal?<\/span><\/h3>\n

A definite yes! The rule applies only to uncompleted properties. This means any completed properties which obtained <\/span>Certificate of Statutory Completion (CSC)<\/span><\/a> are not affected by the rules.<\/span><\/p>\n

That said, under the latest EC policy changes announced in May 2026, developers will no longer be allowed to offer DPS for new EC GLS sites with tender closing dates on or after 8 May 2026<\/strong>.\u00a0This move is widely seen as an attempt to prioritise genuine owner-occupiers and reduce speculative demand in the EC market.<\/p>\n

What are the developments offering DPS or variants of it?<\/span><\/h3>\n

Interlace<\/span><\/a> and <\/span>D’Leedon<\/span><\/a><\/h4>\n

Capitaland is offering a Stay-then-Pay scheme for these two condominiums which allow the buyer to pay a 1% of the purchase price for the Option to Purchase, another 9% when exercising the option and the 90% balance can be paid after one year.<\/p>\n

\"The
Capitaland is offering a Stay-then-Pay plan, which works like a deferred payment scheme<\/figcaption><\/figure>\n

OUE Twin Peaks<\/span><\/a><\/h4>\n

You can buy the unit with a 20% down payment, and pay the remaining 80% after two to three years.<\/span><\/p>\n

The Boutiq @ Kiliney<\/span><\/a><\/h4>\n

A similar scheme\u00a0with more phases of payments.<\/p>\n