Before you commit to a unit at SkyTower, it's worth understanding exactly how the deposit schedule works — pre-construction deposits aren't a single lump sum, and knowing the milestones ahead of time makes budgeting far less stressful.
The Structure, Staged Over Time
Rather than one large deposit at signing, SkyTower's deposit structure is broken into stages tied to specific milestones:
$5,000 due on signing — the initial commitment that secures your unit
5% (minus the initial $5,000) due within 30 days
An additional 5% due at 180 days
A final 5% due on occupancy
In total, that's roughly 15% of the purchase price paid in stages before your final closing — a materially different cash-flow commitment than a standard resale, where the bulk of your funds are typically due in one lump sum at closing.
Why Staged Deposits Exist in Pre-Construction
This structure exists because pre-construction purchases fund construction progressively rather than all at once. For buyers, the upside is that you're not tying up your full deposit amount in a single payment years before you take possession — the downside is that you need a clear plan for each milestone rather than a single closing-day number to budget around.
What This Means for Your Financial Planning
Map out each deposit date against your own cash flow, not just your total available funds. A 180-day deposit due at an inconvenient time can create real pressure if you haven't planned for it specifically.
Understand these deposits are separate from interim occupancy fees. Once you move in, monthly interim occupancy payments are a distinct, ongoing cost — not part of this staged deposit total.
Confirm current pricing and exact deposit terms directly, since the structure and starting price point can shift as the building moves closer to full occupancy and eventual resale transition.
How This Compares to Buying an Assignment Instead
If the staged deposit schedule doesn't fit your situation — say, you'd rather step in closer to occupancy with a clearer, more immediate picture of costs — an assignment purchase is worth considering as an alternative path into the building. You'd be taking over an existing buyer's position, including reimbursing their deposits paid to date, rather than starting the staged schedule from scratch.
What This Means If You're Close to the Finish Line
With occupancy now scheduled for this fall, most remaining opportunities to buy directly from the developer are entering their final stretch before the building fully transitions to a resale and rental market. If you're weighing a direct purchase, understanding exactly what's due and when — rather than assuming a single closing-day number — is essential to making sure you can actually follow through on the commitment.
The Bottom Line
SkyTower's deposit structure spreads your commitment across several milestones rather than one lump sum, which can make pre-construction ownership more accessible cash-flow-wise — but only if you plan for each stage specifically rather than treating the total as a single future expense.
Want the current, confirmed deposit structure and pricing for available SkyTower units? Register for pricing and floorplans and our team will walk you through exactly what to expect.
Deposit figures reflect terms available at time of writing and are subject to change — always confirm current terms directly before making a purchase decision.
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