Private office and meeting table in a Loft Office at The Golden Mile — artist’s impression

The Golden Mile Payment Scheme

A strata office or medical suite at The Golden Mile is bought while the building is under construction, with an expected vacant possession date of 30 September 2029. Payment follows the schedule for commercial property sold before completion under the Sale of Commercial Properties Act, with GST charged on each instalment.

The Golden Mile Progressive Payment Schedule

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Stage	Indicative timeline	Developer’s projection (May 2025)	Payment	GST
S&P period (booking fee and Sale & Purchase Agreement, combined)	8 weeks	Date of option	20%	9% GST
Completion of foundation work	6 – 9 months	Q2 2026*	10%	9% GST
Completion of reinforced concrete framework	6 – 9 months	Q4 2026	10%	9% GST
Completion of walls	3 – 6 months	Q1 2027	5%	9% GST
Completion of ceiling	3 – 6 months	Q2 2027	5%	9% GST
Completion of doors and windows	3 – 6 months	Q3 2027	5%	9% GST
Completion of electrical, sanitary and air-conditioning works	3 – 6 months	Q4 2027	5%	9% GST
Completion of car park, roads and drains	3 – 6 months	Q1 2028	5%	9% GST
Temporary Occupation Permit (TOP)	9 – 12 months	Q3 2029	25%	9% GST
On completion	12 months	Q3 2032	10%	9% GST
Total			100%

Standard schedule for commercial property sold under the Sale of Commercial Properties Act. Stages already reached when an option is granted fall due on exercise; the stage reached and the instalment amounts are confirmed in the Sale & Purchase Agreement. The projection column is the developer’s projected schedule as published in its information pack dated May 2025, which also splits the 20% booking stage into 5% on the option and 15% on exercise. It is a forecast made in May 2025, not a record of construction progress, and every date is subject to the relevant authorities’ approval and to change. *Projected in May 2025. Progress payments follow the architect’s certificate for each stage.

The First Eight Weeks at The Golden Mile

When	Milestone
On receiving the option to purchase	5% option fee plus 9% GST, by cheque or cashier’s order
About 2 weeks later	The Sale & Purchase Agreement is issued to the buyer’s solicitor; have the bank’s letter of offer signed by now
Within 3 weeks of receipt	Exercise the Sale & Purchase Agreement; Buyer’s Stamp Duty to IRAS and the legal fee
By week 8	Completion of the sale: the 15% balance plus GST

Of the 5% option fee, part may be forfeited if the option lapses; the exact terms are set out in the option to purchase.

How The Golden Mile Instalments Are Funded

The 20% due over the first eight weeks comes from the buyer’s own funds, together with GST on it, the Buyer’s Stamp Duty and the legal fee. From the foundation stage onwards the bank disburses the loan stage by stage as each instalment falls due, and interest is charged only on what has been drawn, so the monthly repayment climbs through the construction period. GST on each instalment remains a cash payment.

CPF savings cannot be used for a commercial purchase; funding is from cash and a bank loan. The purchase calculator models the schedule, the drawdown and the repayment at 70%, 80% and 90% loan-to-value, and the commercial loan page explains how banks set the loan.

Viewing by appointment

Receive The Golden Mile Payment Schedule

The Sales Concierge sends the floor-plan brochure, the current price list and unit availability for The Golden Mile, and arranges a private session at the sales gallery at a time that suits you.