New launches such as Wynwood Grand are sold under the Progressive Payment Scheme, also called the Normal Payment Scheme. Because the development is still being built, you do not pay the full price upfront — instead, payments are released in stages that follow the construction progress of your Wynwood Grand EC unit. This keeps your early cash outlay and loan servicing lower at the start, with instalments increasing as each building milestone is reached.
Progressive Payment Scheme
How Payments Are Staged
| Construction Stage | % of Purchase Price |
|---|---|
| Upon grant of Option to Purchase (OTP) | 5% (Booking Fee) |
| Signing Sale & Purchase Agreement / within 8 weeks of OTP | 15% |
| Completion of foundation work | 10% |
| Completion of reinforced concrete framework | 10% |
| Completion of partition walls | 5% |
| Completion of roofing / ceiling | 5% |
| Completion of door sub-frames, window frames, wiring, plastering & plumbing | 5% |
| Completion of car park, roads and drains | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Completion / Legal Completion date | 15% |
The first 20% is generally paid in cash and CPF before your bank loan is drawn down; from the foundation stage onward, your housing loan typically funds the staged payments, so your monthly instalment rises step by step rather than all at once. To understand the loan limits that apply, see the housing loan information, and review the stamp duty payable on your Wynwood Grand purchase.
Plan Your Wynwood Grand EC Purchase
Speak to our team about financing, eligibility and the latest pricing for Wynwood Grand EC, or arrange a showflat appointment when viewing opens.