What is a handover payment?
Short answer
A handover payment is the part of a unit's price due when the developer delivers it, written as a percentage and paid after the instalments at the end of the plan.
What is a handover payment?
A handover payment is the part of a unit's price that falls due when the developer delivers the unit and hands over the keys. Like the down payment, it is written as a percentage of the price rather than a fixed sum. It sits at the end of the plan: the deposit opens the plan, the instalments carry it, and the handover payment closes it.
How is it different from the down payment?
The down payment is the first payment, made when the reservation form or the contract is signed and the unit is taken off the market. The handover payment is the last one, made at delivery. What lies between them is the balance, divided into instalments over the plan length in years. A compound page prints all three figures together: the deposit percentage, the plan length, and the handover year.
Does every compound charge one?
No. A plan is set as a deposit and a length, and a handover payment appears only where the developer's plan carries one. Where it does, the plan card on the compound page prints it beside the deposit and the length, so the buyer reads the whole of what is paid from contract to delivery in one place. Homes and shops in the same compound can sit on separate plans, and the two are shown as separate cards.
When is it paid?
At delivery, when the unit is handed over. The year printed on the page is the year the developer expects to deliver. In the catalogue those years run from 2024 to 2032, and 2030 is the year the largest group of units carries, with 2029 and 2028 behind it. A long plan against an early handover clears the price before the keys arrive; a short plan against a late handover leaves part of the price falling due after the buyer has moved in.
Is it an extra fee?
No. The handover payment is part of the price of the unit, not a charge added on top of it. What stands apart are the charges the contract sets around delivery.
What should I confirm before signing?
Three figures: the deposit percentage, the plan length, and whether the plan carries a handover payment and at what percentage. All three belong in the contract, and all three are printed on the compound page as the developer filed them. Ask for the plan that applies to the unit you are buying, since one compound can sell its homes and its shops on two separate plans.
What does a real plan look like?
Nautilus carries a 5% down payment over eight years with delivery in 2026. Central Water Residences carries 5% over ten years with delivery in 2030. Both show the same shape: a deposit of a few per cent, a plan counted in years, and a handover year that decides when the last payment falls.
Updated 4 October 2026
