PROGRESSIVE PAYMENT FOR UNCOMPLETED PROJECTS
For purchasing uncompleted projects, or building under construction, payments will come progressively.
After completing the initial stage for booking the unit, exercising the Sales & Purchase Agreement (S&P) and Stamp Duty payments, progressive payment will begin depending on the stage of the construction.
|Est. 6 – 12 months||Completion of Foundation Work||10%|
|Est. 6 – 9 months||Completion of Reinforces Concrete Framework of the unit||10%|
|Est. 3 – 6 months||Completion of brick walls of the unit||5%|
|Est. 3 – 6 months||Completion of roofing / ceilings of the unit||5%|
|Est. 3 – 6 months||Completion of electrical wiring, internal plastering, plumbing & installation of door & window frames of the unit||5%|
|Est. 3 – 6 months||Completion of carparks, roads, & drains serving the development||5%|
|Est. 3 – 6 months||Notice of Vacant Possession (Temporary Occupation of Permit - TOP)||25%|
|Est. 1 – 12 months||On Certification of Statutory Completion (CSC)||15%|
The estimated timeframe might vary between different projects.