Dunearn House is under construction, so homes are paid for in stages as the building goes up rather than in one sum. Twenty per cent is paid in the first eight weeks, and the rest falls due as each construction milestone is certified, ending with the Certificate of Statutory Completion.
The Dunearn House Payment Stages
The schedule is the standard one prescribed for residential developments under construction:
| Stage | % of price |
|---|---|
| Option to Purchase (booking fee) | 5% |
| Sale & Purchase Agreement, within 8 weeks | 15% |
| Foundation | 10% |
| Reinforced concrete framework | 10% |
| Partition walls | 5% |
| Roofing / ceiling | 5% |
| Wiring, plastering and plumbing | 5% |
| Car park, roads and drains | 5% |
| TOP | 25% |
| CSC | 15% |
The schedule for each purchase is set out in its Sale and Purchase Agreement.
Cash, CPF and the Loan at Dunearn House
The 5% booking fee is paid in cash. The 15% due with the Sale and Purchase Agreement can come from cash and CPF Ordinary Account savings, but a minimum share of the price must be cash: 5% for a buyer with no other housing loan whose loan is no longer than 30 years and ends by age 65, rising to 10% on a longer tenure or one that runs past 65, and to 25% for a buyer with an existing loan. Stamp duty is also paid in cash at this point, with CPF reimbursement possible for BSD afterwards.
From the foundation stage, the bank releases the loan as each milestone is certified. At a 75% loan-to-value limit, the 25% downpayment covers the first quarter of the price, so the first disbursement is only the 5% that lies above it at the foundation stage.
Why Dunearn House Instalments Start Small
Interest is charged only on the amount the bank has drawn. In the early stages that is a small part of the loan, so the monthly instalment is modest; it steps up at each milestone and reaches its full level at CSC. For a buyer selling an existing home, this gradual build-up can make the overlap more manageable.
The developer gives 31 December 2030 as the expected date of vacant possession and 31 December 2033 as the expected date of legal completion, so the stages are spread over several years.
Modelling Your Dunearn House Payments
The Dunearn House progressive payment calculator shows the funding of the price, the duties, the cash portion and the instalment at every stage for any price, tenure and buyer profile. It opens at an illustrative $1,500,000 that can be replaced with the price of any unit on the price list.
Questions to Settle Before Booking at Dunearn House
Before booking, it helps to have an In-Principle Approval from a bank, a clear view of the cash available for the booking fee, downpayment and duty, and an idea of the CPF balance that can be used. The payment scheme page and the housing loan page cover the rules, and the Sales Concierge can go through the numbers at a showflat appointment.
Register Your Interest in Dunearn House
The Sales Concierge sends the e-brochure, the full set of eighteen floor plans and the current price list to registered parties. Showflat viewings are arranged by appointment through the Sales Concierge. There is no charge to register and no commitment attached.
What the Sales Concierge sends
- The Dunearn House e-brochure and the full project details.
- All eighteen floor plan types, from the 527 sq ft 2-bedroom to the 1,378 sq ft 4-bedroom premium with study.
- The current price list and the balance units by block and stack.
Register Your Interest
No obligation. The Sales Concierge responds personally to every enquiry.
To talk it through instead, call +65 6200 6220 or send a WhatsApp message to the same number.