Also known as Progressive Payment Scheme, this scheme allows you to make scheduled payments as the development is being built. Only upon the completion of each stage will you be required to make payment or if you are servicing your purchase through a bank loan, monthly instalments will be drawn down progressively stage by stage as the property is being built.
|Stage||Payment Under a Standard Payment Scheme (% of Purchase Price)|
|Upon the grant of Option to Purchase||5% (Booking Fee)|
|Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date||20% less Booking Fee|
|Completion of foundation work||10%|
|Completion of reinforced concrete framework of unit||10%|
|Completion of partition walls of unit||5%|
|Completion of roofing/ceiling of unit||5%|
|Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit||5%|
|Completion of car park, roads and drains serving the housing project||5%|
|Notice of Vacant Possession (TOP)||5%|
|On Completion date||5%|
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