What Is the Payment Scheme for Clovelle of Woodlands?

Published 2026-09-09 · reviewed September 2026

A unit at Clovelle of Woodlands is paid for in stages as the building goes up, under the statutory progressive payment schedule in the Housing Developers Rules. You pay 5% in cash on booking, 15% within eight weeks on signing the Sale and Purchase Agreement, and the remaining 80% in instalments tied to construction milestones through to legal completion.

The stages

5% on the Option to Purchase; 15% on signing the Sale and Purchase Agreement; 10% at foundation; 10% at the reinforced concrete framework; 5% each at partition walls, roofing and ceiling, doors and windows with plumbing and wiring, and car park with roads and drains; 25% at Temporary Occupation Permit; and the final 15% at the Certificate of Statutory Completion. The full table with cumulative percentages is on the payment scheme page.

Which money comes from where

The 5% booking fee is strictly cash. CPF cannot be used for it and no grant covers it, which is the constraint that most often catches a household with a healthy CPF balance and thin savings. The 15% on signing can come from cash or from your CPF Ordinary Account. Together these form the 20% that must be funded before the bank disburses anything.

From the foundation stage onwards, the bank pays the developer directly against architect certification. Your monthly repayment tracks what has actually been drawn down rather than the full loan, so instalments start small and step up over the build. The progressive payment calculator models the whole curve for a figure you enter.

Deferred payment is not available

The Deferred Payment Scheme, under which a buyer paid a deposit and then nothing until Temporary Occupation Permit, was removed for executive condominium land tenders closing on or after 8 May 2026. It was in any case a scheme individual developers elected to offer rather than a universal entitlement, and its take-up on recent launches was one of the reasons cited for removing it. Any material offering it for a new executive condominium should be treated as out of date.

Where the grant fits

The CPF Housing Grant for executive condominiums — up to S$30,000 for an eligible first-timer Singapore Citizen household — is credited to your CPF Ordinary Account. It can offset the purchase price or reduce the loan; it cannot fund the cash booking fee. Second-timer households instead carry a fixed S$55,000 resale levy, deducted from the proceeds of the earlier flat rather than paid upfront. Both are modelled in the affordability calculator.

What is not yet known for this development

The percentages above are statutory and fixed. The construction programme they attach to is not: Sim Lian Group has not published a completion date for this parcel, so the dates on which each instalment falls due are unknown. Track the latest updates page for the schedule when it is announced.

Schedule as at September 2026. The binding schedule for your unit is the one in the Sale and Purchase Agreement.