Artist’s impressionProgressive Payments at Artisan 8 in One Line
The homes at Artisan 8 are sold under construction on the progressive payment scheme: the price is paid in stages that follow the works, from a 5% booking fee to a final 15% at the Certificate of Statutory Completion. The bank pays each stage from a loan once the buyer’s own share has been paid.
Repayments therefore begin small and rise as each stage is certified, because interest is charged only on the amount drawn.
The Artisan 8 Payment Stages
The stages and percentages follow the standard schedule for a building under construction under the Housing Developers Rules. The right-hand column gives the share of the price paid once each stage is reached.
| Stage | % of price | Cumulative |
|---|---|---|
| Booking fee, on the grant of the option to purchase | 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 and ceiling | 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% |
| Certificate of Statutory Completion | 15% | 100% |
Standard schedule as set out on the payment scheme page. Artisan 8 is an additions-and-alterations project on an existing building, so some stages may already be certified when a buyer books; their instalments then fall due on the timetable in the sale and purchase agreement.
Cash, CPF and the Loan Across the Artisan 8 Stages
The booking fee is paid in cash. For a buyer with no outstanding housing loan, MAS allows a loan of up to 75% of the price, so the buyer’s own share is 25%; at least 5% of the price must be cash and the remainder may come from cash or CPF Ordinary Account savings within CPF limits. Buyers with other loans face lower limits, set out in the post on home loans and TDSR.
Stamp duty is paid separately and early, within 14 days of the date of purchase; the post on stamp duty at Artisan 8 sets out the rates.
Expected Dates at Artisan 8
The developer’s factsheet gives 31 December 2028 as the expected date of vacant possession and 31 December 2031 as the expected date of legal completion. The 25% instalment falls due at the Temporary Occupation Permit and the last 15% at the Certificate of Statutory Completion; the dates that apply to a particular home are set out in its sale and purchase agreement.
The progressive payment calculator gives the sum and the estimated monthly instalment at each stage for a price and a loan you choose.
How to Register Interest in Artisan 8
Registering interest is quick and carries no obligation. Complete the enquiry form on the contact page, or call or send a WhatsApp message to the Sales Concierge on +65 6200 6220, or send an email. Say which home types interest you, and the reply comes by phone, WhatsApp or email, as you prefer.
The Sales Concierge sends the current price list, the homes still available, the e-brochure and the floor plans for the types you shortlist, and a payment schedule for a chosen home. Marketing commission is paid by the developer, not the buyer. Showflat viewings are arranged by appointment through the Sales Concierge.
From Booking to Keys at Artisan 8
The journey has a clear order. The buyer is granted the option to purchase and pays the 5% booking fee. Within eight weeks the sale and purchase agreement is signed and a further 15% is paid, and stamp duty falls due within 14 days of the date of purchase. After that, each certified stage of construction brings a notice and an instalment, paid from the bank loan once the buyer’s own share is in.
At the Temporary Occupation Permit a further 25% falls due, and the final 15% at the Certificate of Statutory Completion. The developer’s factsheet gives 31 December 2028 as the expected date of vacant possession and 31 December 2031 as the expected date of legal completion.
After You Register for Artisan 8
The Sales Concierge replies personally by the channel chosen. The reply carries the current price list, the homes still available in the types shortlisted and the plans, and offers a call or message to talk through a payment schedule. From there, the next step is a viewing, if wanted, and a decision at the buyer’s own pace. Showflat viewings are arranged by appointment through the Sales Concierge.
What to Have Ready for Artisan 8
A few notes make the first conversation more useful: the home types and storey you prefer, a rough budget worked out on the TDSR calculator, your residency status and the number of homes you own, which decide the ABSD, and a bank’s in-principle approval if you have one. None of these is required to register; the showflat appointment page arranges a viewing once you are ready.
This article is general information as at the date shown and is not financial, legal or tax advice. Statutory figures are from IRAS, MAS and MOE where stated; particulars of Artisan 8 are from the developer’s factsheets and floor plans, and distances from OneMap. Sources: the Housing Developers Rules progressive payment schedule; MAS (loan limits); IRAS (stamp duty); the developer’s factsheets (dates).
Talk to the Artisan 8 Sales Concierge
The Sales Concierge sends the price list on request, the homes still available and the e-brochure for Artisan 8. Showflat viewings are arranged by appointment through the Sales Concierge.