Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments 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 (Booking Fee)||5%|
|Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date||15%|
|Completion of foundation work of unit||10%|
|Completion of reinforced concrete framework of unit||10%|
|Completion of brick 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 Project||5%|
|Completion of installation of electrical plant, sanitary equipment and air-conditioning plant (if any) of unit||5%|
|Notice of Vacant Possession (TOP) of unit||25%|
|On Completion date (CSC)||10%|
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