What Is the Payment Scheme for Terra Hill?

Published 8 October 2026 · Figures as at October 2026

The Short Answer for Terra Hill

Terra Hill is sold on the normal progressive payment scheme for a building under construction. The buyer pays 5% to book, 15% on signing the sale and purchase agreement, and the remaining 80% in instalments tied to construction milestones, ending with 15% on the Certificate of Statutory Completion.

Because the instalments follow the building, the bank’s loan is drawn in stages too, and interest is paid only on what has been drawn. Monthly repayments are therefore smallest early on and largest towards completion.

The Terra Hill Payment Stages

The stages are set by the Housing Developers Rules. After the 5% booking fee and the 15% on signing, the buyer pays 10% on completion of the foundation, 10% on the reinforced concrete framework, 5% each on the partition walls, the roofing and ceiling, the doors, windows, wiring and plumbing, and the car park, roads and drains, then 25% on TOP and 15% on statutory completion.

Where some stages have already been certified at the time a home is booked, as is common when a development is well into construction, those instalments fall due on the timetable in the sale and purchase agreement rather than later. The Sales Concierge confirms which stages have been reached. The full table is on the Terra Hill payment scheme page.

Cash, CPF and the Loan at Terra Hill

Before the bank lends anything, the buyer pays their own share of the price. For a buyer with no outstanding housing loan, the bank may lend up to 75%, so the buyer’s share is 25%: at least 5% in cash, which the booking fee covers, and 20% in cash or CPF Ordinary Account savings.

A loan with a tenure over 30 years, or one that would run past the borrower’s 65th birthday, falls into a lower band of 55%, 25% or 15%, and on a first loan the minimum cash rises to 10%. These are the MAS limits as at October 2026, and the housing loan page sets them out in full.

A Worked Terra Hill Example

As an illustration only, take a price of $2,000,000, which is not the price of any home at Terra Hill, and a Singapore Citizen buying a first home with a 75% loan. The buyer pays $100,000 in cash to book and $300,000 in cash or CPF on signing the agreement, reaching 20%. Of the 10% foundation instalment, the buyer pays the next $100,000 to complete the 25% share, and the bank pays the other $100,000.

From then on the bank pays each certified stage, and the repayment grows with it. Buyer’s Stamp Duty of $69,600 is paid separately within 14 days of signing. The Terra Hill progressive payment calculator shows every stage and an estimated monthly instalment for any price, tenure and rate.

Why the Terra Hill Scheme Suits Buyers Who Are Selling

The progressive scheme puts the larger payments towards the end of construction. For a household that owns a home and plans to sell it, that timing matters, because the 25% on TOP and the final 15% fall due after the early stages.

There is a point to plan for. A buyer who still has a housing loan outstanding when buying at Terra Hill is limited to a 45% loan with at least 25% of the price in cash, and a Singapore Citizen buying a second residential property pays 20% ABSD. A married couple who sell their first home within the period IRAS sets may apply for a refund of that ABSD; the stamp duty page explains the conditions.

Planning the Terra Hill Timeline

Terra Hill is under construction, and the developer’s particulars set the notice of vacant possession at 9 January 2028 and the notice of completion at 9 January 2031. The 25% instalment falls due on TOP and the final 15% on statutory completion.

Interest rates during construction affect only the amount drawn, so a buyer can review the loan package as the building nears completion. Stamp duty, by contrast, is paid at the start. The Sales Concierge can set out the current position at a viewing.