Payment Scheme
Also known as progressive payment scheme, this scheme allows you to service your loan via monthly instalments progressively as the property is being built.
| Stage | Payment Under A Standard Payment Scheme (% Of Purchase Price) |
|---|---|
| Upon the grant of Option to Purchase | 5% |
| Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date | 15% |
| 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) | 25% |
| On Completion date | 15% |