New Property 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.  To book a residential unit, potential buyers have to make a payment of 5% of the purchase price to the project account.

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

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%

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