How does the progressive payment scheme work for Amberwood at Holland?
Published · Insights & News
Amberwood at Holland is sold under the Progressive Payment Scheme for homes bought under construction, so the purchase price is paid in stages that follow the building works. Buyers pay 5% on the Option to Purchase and a further 15% on signing the Sale and Purchase Agreement, then the remaining 80% falls due as construction milestones are reached, through TOP and legal completion.
This post sets out each stage and its percentage, explains which payments come from cash, CPF or a housing loan, and relates the later stages to the expected TOP, vacant possession and legal completion dates. The full schedule is also on the Amberwood at Holland payment scheme page.
Progressive Payment Stages at Amberwood at Holland
The table below shows every instalment under the Progressive Payment Scheme for Amberwood at Holland, with the running total after each stage.
Stage
Instalment
Cumulative
Option to Purchase (booking fee)
5%
5%
Sale and Purchase Agreement, within 8 weeks
15%
20%
Completion of foundation
10%
30%
Completion of reinforced concrete framework
10%
40%
Completion of partition walls
5%
45%
Completion of roofing
5%
50%
Completion of doors, windows, electrical wiring and plumbing
5%
55%
Completion of car park, roads and drains
5%
60%
Temporary Occupation Permit (TOP)
25%
85%
Legal completion
15%
100%
Progressive Payment Scheme for homes bought under construction, as at October 2026.
Each instalment is a percentage of the purchase price, so the same schedule applies to every one of the 16 layouts, from the C1 3-Bedroom to the E5L 5-Bedroom Luxe. The structure spreads the purchase over the construction period. Only 20% is paid in the first stages, and the largest single instalment, 25%, is tied to the Temporary Occupation Permit.
Booking Fee and Sale and Purchase at Amberwood at Holland
The first two payments set the purchase in motion. The 5% booking fee is paid in cash when the Option to Purchase is issued. The next 15%, bringing the total to 20%, is paid when the Sale and Purchase Agreement is exercised, within 8 weeks.
From the Sale and Purchase stage onwards, CPF savings and a housing loan can be used towards the instalments. Buyer's Stamp Duty, and Additional Buyer's Stamp Duty where it applies, is a separate cost on top of the instalments; the post on stamp duty for an Amberwood at Holland purchase and the stamp duty page set out the rates.
Construction Stages and Key Dates at Amberwood at Holland
The six construction instalments, from foundation to car park, roads and drains, together make up 40% of the price. They are billed as each stage of the works is completed. Amberwood at Holland is built by Sim Lian Construction Co. (Pte) Ltd, the Sim Lian Group's own main contractor, so the group delivers the project it develops.
The later stages line up with the expected project dates:
Expected TOP: 2nd quarter 2029 (subject to authority approval). The 25% TOP instalment is tied to this stage.
Expected vacant possession: 30 June 2030.
Expected legal completion: 30 June 2033. The final 15% is tied to legal completion.
Most buyers fund the instalments with a mix of cash, CPF and a housing loan. The main MAS rules, as at October 2026, are:
Loan-to-Value (LTV) limit: 75%, 45% or 35% for buyers with no, one, or two or more outstanding housing loans. The limits are 55%, 25% and 15% where the loan tenure exceeds 30 years or the loan runs past age 65.
Minimum cash: 5% of the price for a first housing loan (10% where the LTV is 55%), and 25% otherwise.
Total Debt Servicing Ratio (TDSR): monthly debt repayments are capped at 55% of gross monthly income, assessed using a medium-term interest rate floor of 4% for residential loans.
With 212 homes across 16 layouts, from three to five bedrooms, the instalment amounts depend on the chosen unit and its price. The Sales Concierge provides the current price list and available units on request, and the Amberwood at Holland pricing page explains how to obtain them.
A practical way to plan is to pick two or three preferred unit types from the floor plans, request their prices, and run each through the calculators to see the cash, CPF and loan portions at every stage. The booking fee in cash is the first figure to have ready.
Buyers who already own a home can plan the instalments together with the ABSD refund route for upgrading married couples, where the 6-month window to sell the first home runs from TOP for an uncompleted second home such as Amberwood at Holland. Setting the TOP instalment, the sale of the existing home and the refund conditions on one timeline keeps the cash flow clear from booking through to legal completion.
BSD and ABSD rates for an Amberwood at Holland purchase, a worked BSD example, remission and refund routes, and SSD holding periods, as at October 2026
King Albert Park MRT access from Amberwood at Holland, Downtown Line stop counts, the future Cross Island Line interchange and the main road links nearby.
The Sales Concierge sends the e-brochure, the full set of sixteen floor plans and the current price list for Amberwood at Holland, and arranges a private viewing of the three show units at the sales gallery at a time that suits you.
