Payment Scheme For New Launches
Normal Progressive Scheme (NPS)
Stage | Payment (% of Purchase Price) |
Upon the grant of Option To Purchase | 5% |
Upon signing of the Sales & Purchase Agreement (or within 8 weeks from the Option date) | 15% |
Upon completion of foundation work | 10% |
Upon completion of reinforced concrete framework | 10% |
Upon completion of brick walls | 5% |
Upon completion of roofing/ceiling | 5% |
Upon completion of doors, windows, electrical wiring, internal plastering and plumbing | 5% |
Upon completion of carparks, roads, drains serving the housing project | 5% |
Upon obtaining the Temporary Occupation Permit (TOP) | 25% |
Upon completion / Certificate of Statutory Completion | 15% |