Financing
Because Sophia Meadow is a new development sold before completion, payments follow the standard Progressive Payment Scheme — released in stages tied to construction milestones rather than all at once. This spreads the financial commitment across the build period, with estimated vacant possession in November 2029.
| Stage of Construction | % of Purchase Price |
|---|---|
| Upon grant of Option to Purchase (OTP) | 5% |
| Upon signing Sale & Purchase Agreement (within 8 weeks) | 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, electrical wiring, plastering | 5% |
| Completion of car park, roads and drains | 5% |
| Notice of Vacant Possession (TOP) | 25% |
| On Legal Completion (Certificate of Statutory Completion) | 15% |
Standard Progressive Payment Scheme for an uncompleted private property. For reference only — confirm with your lawyer and banker.
The early stages (OTP and the Sale & Purchase Agreement) total 20% of the price, with the balance drawn progressively as the building rises. Pair this with the housing loan information and stamp duty pages to map your full cash and loan timeline, then register for indicative pricing.
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