You must pay the downpayment when you sign the Agreement for Lease, and the balance when collecting keys to your new flat.
An overview of the documents required for the appointment.
When you sign the Agreement for Lease, you will also need to pay stamp duty on the Agreement for Lease and the legal fee(s).
The Staggered Downpayment Scheme helps you to pay your downpayment in 2 instalments. Part of the downpayment is paid when you sign the Agreement for Lease. The remaining amount is paid during the collection of keys to your flat.
DDS enables seniors who are right-sizing to defer the payment of downpayment until key collection.
You will need a POA if you are unable to sign the Agreement for Lease or collect the keys personally.