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.
| Estimated Timeframe | Stage | Payment |
|---|---|---|
| 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.