One Sophia Payment Scheme

A strata office or shop at One Sophia is bought while the building is under construction, with vacant possession expected on 31 December 2029. Payment follows the schedule for commercial property sold before completion under the Sale of Commercial Properties Act, with GST charged on each instalment.

One Sophia Progressive Payment Schedule

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Stage	Indicative timeline	Payment	GST
S&P period (option fee and Sale & Purchase Agreement, combined)	8 weeks	20%	9% GST
Completion of foundation work	6 – 9 months	10%	9% GST
Completion of reinforced concrete framework	6 – 9 months	10%	9% GST
Completion of walls	3 – 6 months	5%	9% GST
Completion of ceiling	3 – 6 months	5%	9% GST
Completion of doors and windows	3 – 6 months	5%	9% GST
Completion of electrical, sanitary and air-conditioning works	3 – 6 months	5%	9% GST
Completion of car park, roads and drains	3 – 6 months	5%	9% GST
Temporary Occupation Permit (TOP)	9 – 12 months	25%	9% GST
On completion	12 months	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 First Eight Weeks at One Sophia

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; the bank’s letter of offer should be 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

Part of the 5% option fee may be forfeited if the option lapses; the exact terms are in the option to purchase.

How One Sophia Instalments Are Funded

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

Now selling

Request the One Sophia Schedule

The offices of One Sophia are open for sale, and the Sales Concierge sends the current price list with the units still available on each storey. Showflat viewings are arranged by appointment through the Sales Concierge.