How much is payable in the first eight weeks at Cecil Place?

Twenty per cent of the purchase price plus 9% GST, made up of a 5% booking fee on the Option to Purchase and the 15% balance on completion of the sale, together with Buyer's Stamp Duty and the legal fee.

Is GST payable in one sum at the end of a Cecil Place purchase?

No. The developer issues a tax invoice at each stage of the Sale of Commercial Properties Act schedule and the 9% GST on that stage falls due with it, in cash.

How long is there to exercise the Sale & Purchase Agreement at Cecil Place?

Three weeks from receipt of the Sale & Purchase Agreement, which is issued about two weeks after the booking fee is paid.

Cecil Place Payment Scheme | Stage-by-Stage Schedule

Payment Scheme

How a Cecil Place Purchase Is Paid

Cecil Place is a building under construction, so the price is paid down in stages against the Sale of Commercial Properties Act schedule rather than in a single settlement. Twenty per cent falls due across the first eight weeks, while the sums that follow are tied to certified construction progress. Each instalment carries GST at 9%, and the bank draws down its facility in step — the mechanics are set out on the commercial loan page.

The Cecil Place Payment Schedule

Timelines below are indicative and are set by construction progress rather than by calendar dates. The confirmed schedule for your unit is the one in the Sale & Purchase Agreement.

Swipe sideways to see the full table

Stage	Indicative timeline	Payment	GST at 9%
Sale & Purchase period — booking fee and Sale & Purchase Agreement, combined	8 weeks	20%	Yes
Completion of foundation work	6–9 months	10%	Yes
Completion of reinforced concrete framework	6–9 months	10%	Yes
Completion of walls	3–6 months	5%	Yes
Completion of ceiling	3–6 months	5%	Yes
Completion of doors and windows	3–6 months	5%	Yes
Completion of electrical, sanitary and air-conditioning works	3–6 months	5%	Yes
Completion of car park, roads and drains	3–6 months	5%	Yes
Temporary Occupation Permit	9–12 months	25%	Yes
On completion of the sale	12 months	10%	Yes
Total		100%	9% throughout

Sale of Commercial Properties Act schedule. Indicative only and subject to the Sale & Purchase Agreement; confirm with your solicitor.

The First Eight Weeks at Cecil Place

The opening 20% is itself a sequence, and the three-week window to exercise is the part worth diarising. Have the bank’s letter of offer signed before the appointment with the law firm.

When	Milestone	Amount
On grant of the Option to Purchase	Booking fee, by cheque or cashier’s order	5% + GST
+2 weeks	Sale & Purchase Agreement issued to your solicitor	—
+3 weeks	Exercise the Sale & Purchase Agreement; Buyer’s Stamp Duty to IRAS and the legal fee fall due	Duty + legal
+3 weeks	Completion of the sale — balance of the opening 20%	15% + GST

The Sale & Purchase Agreement must be exercised within three weeks of receipt. Where an option is not exercised, the customary split of the booking fee is half forfeited and half refunded — the exact terms are those printed on the Option to Purchase.

GST Falls Due With Each Cecil Place Instalment

This is the point most often missed when a purchase is budgeted. The developer issues a tax invoice at every stage, and the 9% attaches to that stage rather than waiting until the end. On a $10,500,000 unit the GST across the purchase totals $945,000, of which $189,000 arrives inside the first eight weeks with the opening 20%. It is payable in cash at every setting because banks do not finance it. The stamp duty and GST page covers the recovery position for an operating company.

How the Cecil Place Loan Is Drawn Down

Your own funds go in first, capped at the amount actually due during the option period. From there the bank funds each construction instalment as it is certified, which is why the interest cost climbs stage by stage rather than starting at the full monthly repayment. At a 90% facility the bank also funds part of the opening 20%, drawing that portion at completion of the sale once the mortgage is in place; the loan-to-value that applies to your situation is set out on the commercial loan page.

Model the Cecil Place Schedule for Your Unit

The commercial purchase calculator runs this schedule against a price you enter, at 70%, 80% or 90% loan-to-value, and reports the cash needed in the first eight weeks, the GST on each stage, the bank’s drawdown and the interest and principal at every point. Unit sizes are on the floor plan page and current availability on the balance units chart.