Private Property Payment Schedule
Normal Payment Scheme (NPS)
Normal Payment Scheme is also known as Progressive Payment Scheme. This allows you to service your loan via monthly instalments progressively according to the stage of completion of the property. Private property down payment will be 25% if purchaser is eligible for 75% housing loan. Do speak to our Sales Representative to find out more about the Private Property Payment Schedule for new launch developments.
|Stage||Payment (% of purchase price)|
|Upon the grant of Option to Purchase||5% (Booking Fee)|
|Upon signing of the Sales & 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 carpark, roads, and drains serving the housing project||5%|
|Notice of Vacant Possession (TOP)||25%|
|On Completion date||15%|
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