Payment Scheme

Normal Payment Scheme (NPS)

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
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
Completion of reinforced concrete framework of unit
Completion of partition walls of unit
Completion of roofing/ceiling of unit
Completion of door sub-frames/door frames, window frames, electrical wiring, internal plastering and plumbing of unit
Completion of car park, roads and drains serving the housing project
Notice of Vacant Possession (TOP)
On Completion date

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