What Is the Payment Scheme at Skywaters Residences?

Published 18 October 2026 · Figures as at October 2026

The Skywaters Residences Payment Scheme in Brief

Homes at Skywaters Residences are sold under construction on the normal progressive payment scheme. The price is paid in stages that follow the building of the tower, beginning with a 5% booking fee and ending with the final 15% at the Certificate of Statutory Completion.

The stages and percentages are fixed by the Housing Developers Rules, so they are the same for every home in the tower. What varies is how much has already been built when a home is booked, which decides how many stages are due at once.

The Stages of Payment at Skywaters Residences

The schedule starts with the 5% booking fee when the option to purchase is granted, and 15% more when the sale and purchase agreement is signed, within eight weeks. Then come 10% at the completion of the foundation, 10% at the reinforced concrete framework, 5% each for the partition walls, the roofing and ceiling, the doors, windows, wiring and plumbing, and the car park, roads and drains.

The largest instalment, 25%, falls due at the Temporary Occupation Permit, and the final 15% at the Certificate of Statutory Completion. The payment scheme page sets the stages out in a table with the cumulative share at each step.

Cash, CPF and the Loan at Skywaters Residences

The 5% booking fee is paid in cash. For a buyer with no outstanding housing loan, the bank may lend up to 75% of the price, so the buyer funds the first 25%, of which at least 5% must be cash; the other 20% may come from cash or CPF Ordinary Account savings within CPF limits.

Where the tenure runs past 30 years or beyond the borrower’s 65th birthday, the loan limit falls to 55% and the minimum cash to 10%. A buyer with one outstanding housing loan may borrow up to 45%, and with two or more up to 35%, with 25% in cash in both cases. The housing loan page explains these limits.

How the Loan Is Drawn at Skywaters Residences

Once the buyer’s own share has been paid, the bank pays each certified stage. The project architect certifies that a stage is complete, the developer sends a notice with the certificate, and the instalment is paid within the period set by the rules, usually 14 days.

Interest during construction is charged only on what has been drawn, so repayments start low and rise as the tower goes up and the later stages are certified. The progressive payment calculator estimates the instalment at each stage for a chosen figure and loan.

Booking Partway Through Construction at Skywaters Residences

The Skywaters has been under construction since 2023 and is targeted for completion in 2028, according to Perennial Holdings and the URA. A home booked today may therefore have several stages already certified, and the instalments for those stages fall due together on the timetable in the sale and purchase agreement.

In practice this means a larger sum early on, followed by the remaining stages as they are certified. The Sales Concierge confirms the stages reached for a particular home when sending the price list, so the cash flow can be planned in advance.

Stamp Duty Alongside the Skywaters Residences Instalments

Buyer’s Stamp Duty and any Additional Buyer’s Stamp Duty are paid separately from the instalments, within 14 days of signing the sale and purchase agreement. They therefore sit at the front of the budget with the booking fee and the 15% that follows it.

The stamp duty example works through the bands on an illustrative figure, and the stamp duty page carries the full rates.

Planning Cash Flow for Skywaters Residences

A simple way to plan is to split the schedule into three parts. The first is the upfront sum: the 5% booking fee, the 15% at the sale and purchase agreement and the stamp duty, all within about eight weeks. The second is the construction stages, paid by the bank from the loan once the buyer’s own share is used. The third is the 25% at the Temporary Occupation Permit and the final 15% at statutory completion.

For a home booked partway through construction, the stages already certified move from the second part into the first, so the upfront sum grows. The Sales Concierge sets out exactly which stages apply when sending a payment schedule.

Buyers selling another property to fund the purchase should also allow for the timing of that sale, and for the effect of an outstanding housing loan on the loan-to-value limit, which falls to 45% while the other loan remains.

Next Steps on the Skywaters Residences Schedule

The Sales Concierge sends the current price list and a payment schedule for any home you shortlist, showing the sums due at each stage and the dates of the stages already certified.

Showflat viewings are arranged by appointment through the Sales Concierge.

This article is general information as at the date shown and is not financial, legal or tax advice. Statutory figures are from IRAS and MAS; particulars of Skywaters Residences are from the developer, Perennial Holdings and the URA, and dates from the developer, the LTA and published reports.