Stage | Payment under a standard payment scheme ( % of purchase price ) |
Upon the grant of Option to Purchase | 5% - 10% (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% |
Temporary Occupation Permit or Certificate of Statutory Completion | 25% |
On completion date | 15% |