How the Deferred Payment Scheme (DPS) Works at Solano Grand EC

The indicative price for Solano Grand EC at Senja Close is $1,500–$1,900 psf, but for many buyers the bigger question is how the payments are spread out. Because the project falls under the old Executive Condominium framework, the rules allow the Deferred Payment Scheme (DPS), which pushes most of the payment to the end of construction. Whether it's offered here is CDL's decision, though it's expected. ECs on sites tendered from 8 May 2026 can't offer it at all, so it's worth understanding properly before you decide.

What the Deferred Payment Scheme is

Under DPS you pay the usual 5% option fee and 15% down payment upfront, 20% in total. The remaining 80% is deferred until the project gets its Temporary Occupation Permit (TOP). For a project the size of Solano Grand, construction usually takes around 2.5 to 3 years, and during that time you pay little or nothing on the deferred portion, depending on the developer's terms.

The Normal Payment Scheme (NPS) works differently. Payments are tied to construction milestones, so your loan starts drawing down, and you start paying interest, soon after the foundations go in. With DPS the loan only starts at TOP.

Why DPS matters for Solano Grand buyers

At $1,500–$1,900 psf, a 900 sq ft unit (an illustrative size, as CDL hasn't released sizes yet) could cost roughly $1.35 million to $1.7 million. On NPS, instalments during construction could add an estimated $3,000–$5,000 a month to your outgoings. If you're still paying a mortgage on your HDB flat or paying rent, carrying both at once can be tight.

DPS removes most of that overlap. You can:

• Stay in your current home without paying for two homes at the same time
• Build up savings during construction for the full loan later
• Sell your HDB flat closer to TOP, so there's less of a gap between selling and moving in
• Avoid interest on 80% of the price during construction, which could add up to tens of thousands of dollars

DPS vs NPS for an illustrative unit

Take an illustrative unit priced at $1,520,000 (950 sq ft at $1,600 psf). The construction-period figures are estimates and will depend on interest rates and the build schedule.

Normal Payment Scheme (NPS):

• 5% option fee: $76,000 (cash)
• 15% down payment: $228,000 (CPF and cash)
• Progressive payments start as construction milestones are reached
• Loan servicing usually starts within 6–12 months of purchase
• Estimated monthly payment during construction: $3,500–$4,500, rising as more stages complete
• Estimated interest paid during construction: about $25,000–$35,000

Deferred Payment Scheme (DPS):

• 5% option fee: $76,000 (cash)
• 15% down payment: $228,000 (CPF and cash)
• No progressive payments during construction
• No loan servicing until TOP
• Monthly payment during construction: $0
• Estimated interest avoided during construction: about $25,000–$35,000

Who can use DPS at Solano Grand EC

Eligibility is set by the developer and the prevailing rules, so confirm the details with CDL's sales team when the project launches. In general you should expect to:

• Be buying under the old EC framework, which applies to Solano Grand EC
• Finance with a bank loan (EC buyers can't take an HDB loan anyway)
• Meet the usual EC eligibility conditions for your household

Some buyers, such as second-timers who still need to sell a flat, should check carefully how DPS fits with their own timeline before committing. For young first-timer couples with limited cash, the lower outgoings during construction can make a real difference.

The trade-offs

DPS has costs too:

• Higher price: Developers usually price DPS units about 2–3% higher to make up for the delayed cash flow. On a $1.52 million unit, that's roughly $30,000–$45,000 more.
• Bigger loan at TOP: You haven't paid anything down progressively, so the full 80% becomes your loan at TOP and the monthly instalments start at the higher amount straight away.
• Interest rate risk: If rates go up between purchase and TOP, your instalments could end up higher than you planned for.
• Less room to sell early: If you need to sell before TOP, the developer's terms may limit what you can do or add costs.

Does DPS suit you?

DPS tends to work best if you:

• Live in a home you plan to sell nearer the TOP date
• Want to keep monthly outgoings low during construction
• Have stable income and are comfortable with a larger loan once the project completes
• Would rather not pay for two homes at once

Solano Grand EC is likely to be one of the last EC launches where DPS is on the table. If you're a first-timer looking at Senja Close, run the numbers both ways and weigh the higher price against the interest you'd save and the breathing room you'd get.